Hoa Phat Group, the largest steel maker in the country, said it provided more than 2.77 million tonnes of high-quality construction steel to the market in 2019, a year-on-year surge of 16.8 percent.
Three local companies – Shagang Group, Jiangsu Yonggang Group Co, and Jiangsu Aoyang Health Industry Co – were also designated as pilot companies for the promotion of industrial integration.
Iranian media IRNA reported that Iran has defined 16 development projects in the steel sector which are aimed to boost the country’s output of steel products by 19 million tonnes in a course of five years.
Dutch newpaper Telegraaf reported that despite announced layoffs, employment at Tata Steel Nederland in IJmuiden will be guaranteed until October 2021.
Indian steel industry has welcomed Indian Government’s decision to promulgate an ordinance to open up coal mining in the country to non coal companies.