Hoa Phat and SeaCube which boasts an international operation network hope for continued cooperation in the coming time, he added.

Tata Steel has announced that it aims to double production by increasing its production capacity in lndia from the current 21 MTPA to approximately40 million tonnes per annum (MTPA).

European steelmakers have called on governments to take action against soaring electricity prices, which they say are hurting the competitiveness of the sector.

Market Prices of Important Means of Production in Circulation, July 1-10, 2024.

Shipment for oil products, steel, auto parts, precision machinery and home appliances expanded in double figures.

This year, finished steel production is expected to hit 30 million tons, reflecting a 7 percent rise from 2023, said the association.

According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.

China's steel industry, which is under pressure to decarbonize as it is the biggest steel producer in the world