Vietnam's leading industrial manufacturing group Hoa Phat recorded the highest ever after-tax profit in a quarter at 10.3 trillion VND (453 million USD) in the third quarter of this year.

Vietnam exported more than 5.7 million tonnes of steel products in the first nine months of 2021.

This year, Tien Len Steel Group set a target of 250 billion VND in profit after tax.

Bangladesh and the Asian Infrastructure Investment Bank (AIIB) have signed a 260-million-U.S. dollar loan to Bangladesh for the construction of the country's first arch steel bridge recently.

...which is China's largest machinery manufacturer, for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment.

On Thursday, Fastmarkets approached the company for comment, but Ferroglobe officials had not confirmed the furnace restart at the time of writing.

“We remain bullish on 2022 [steel demand in Brazil],” Werneck said. “For flat steel, the outlook is positive.”

Erdemir Group produced 6.815 million tonnes of crude steel over the first nine months of 2021, equivalent to 23% of the national total.