Global insight
China’s Steel Exports & Iron Ore Import Decline in May 2021
According to General Administration of Customs, China exported 5.271 million tonnes of finished steel in May 2021, down 33.9% MoM from 7.973 million tonnes in April 2021. |
Hoa Phat’s Steel Sale in Jan-May 2021 up by 57% YoY
Vietnamese steel maker Hoa Phat Group achieved a steel sale of 695,000 tonnes in May 2021. |
US Steel Production Capacity Utilization Climbs Further in Week 22
American Iron & Steel Institute announced that in the week ending on June 5, 2021, US’s domestic raw steel production was 1,840,000 net tons. |
VINCI to Develop Highway 40 in Grande Prairie in Canada
The Ministry of Transportation of Alberta in Canada has awarded Carmacks the project to widen the Highway 40 expressway. |
3D Concrete Printed Arched Bridge Striatus
A project by the Block Research Group at ETH Zurich and Zaha Hadid Architects Computation and Design Group, in collaboration with incremental3D, made possible by Holcim. |
Damen Electrical Booster Stations to Johann Bunte Bauunternehmung
Damen has delivered two electrically powered booster stations to the German dredging contractor Johann Bunte Bauunternehmung GmbH & Co KG. |
The main reason for the high steel prices in Vietnam is that raw material import prices have risen too fast
The main reason for the high steel prices in Vietnam is that raw material import prices have risen too fast |
MoIT denies proposing price stabilisation fund for steel
The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses. |
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