In 2021, Vietnam spent 11.5 billion dollars importing more than 12.3 million tons of steel and iron, down 7.1 percent in volume but up 42.6 percent in value against 2020, according to its General Statistics Office.

AVL make early start on vanadium development

Vanadium Resources appoints John Ciganek as MD

Community Union has written to UK prime minister Rishi Sunak urging him to "back Britain's steel industry".

The electric arc furnace (EAF)-based steelmaker announced the price decrease in a letter to customers on 29 November.

North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

US third-quarter shipments to India almost trebled year on year to 1.7mn t. Shipments to Brazil were 27.3pc higher on the year, at 1.5mn t.

Posco's initiatives are in line with South Korea's hydrogen roadmap as the country aims to establish large-scale domestic and overseas production bases and achieve 7.1pc of clean hydrogen power generation by 2036.