These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.

Hoa Phat steel sales hit 457,000 tonnes in April.

Finished Import Market Share YTD at 23%.

China's Hunan reports robust foreign trade growth with Africa in Q1.

AISI: US raw steel production in the week ending on May 13, 2023.

Most of the capital goods in China posted lower prices in late April compared with mid-April, official data showed Monday.

BHP is looking into initiatives to grow its iron ore production to 300 million tonnes per annum.

The head of diversified miner BHP, Mike Henry, has highlighted the massive investment required in the resources sector to meet global decarbonising efforts.