CHOOSING THE RIGHT STEEL BARRICADE: TIPS AND CONSIDERATIONS FOR 2023
Introduction The past few years witnessed a massive increase in demand for steel barricades worldwide. The COVID-19 outbreaks pushed governments to bulk purchase crowd control barricades for multiple purposes. Now, even during the new normalcy, when all big and small public events come back to life, the demand doesn’t stop growing bigger and bigger. If […]
TOP 100 ASIAN STEEL SUPPLIERS IN 2020 (UPDATING)
Best steel suppliers in Vietnam Chinh Dai Steel Chinh Dai Industrial Company Ltd. was founded in 2000, is a private-owned steel company in Hung Yen, Vietnam. Chinh Dai, which is among the largest steel suppliers in Vietnam, produces 200,000 tons of steel a year. They specialize in manufacturing and trading in iron, steel, metal, steel […]
VIETNAM STEEL SALES TO RISE THIS YEAR
Vietnam is forecast to see an on-year increase in steel sales of 27%-28% to 5.2 million tons this year, the Ministry of Industry and Trade (MoIT) said. Members of the Vietnam Steel Association (VSA) are estimated to sell between 300,000 and 320,000 tons of steel monthly in the fourth quarter, raising their total sales to […]
STEEL PRODUCTION STEADIES, ROOM FOR GROWTH!
Despite stagnation in the second quarter of 2017, Việt Nam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand. According to reports released by the Vietnam Steel Association (VSA), the domestic steel market in the first seven months of […]
PRICES OF STEEL PRODUCTS TO RISE
Prices of steel products are forecast to continue rising in the latter months of the year due to a hike in the prices of steel ingot and steel scrap. Nguyễn Văn Sưa, deputy chairman of the association, said because prices of input materials have been increasing strongly, steel producers have to raise the selling price […]
ASIAN REGION DEMAN AS GLOBAL STEEL GROWTH DRIVE
The World Steel Association (WSA) has recently revised the October 2018 forecasts and formally announced new figures in April 2019 meeting. Global demand in for finished steel is slated to have a 1.3% increase (reaching 1,734 MT), and up to 1,750 MT in 2020. Anticipated growth for the current year is around 53 MT, originating […]
US HITS VIETNAM WITH MASSIVE DUTIES OVER CHINA STEEL
Certain steel products Vietnam is selling to the U.S. are being produced from Chinese materials, the U.S. Department of Commerce said in a statement late Tuesday. American steelmakers complained last year that Chinese companies appeared to be avoiding huge tariffs by diverting products to Vietnam for “minor processing” before they were shipped to the U.S. […]
SECOND WAVE OF COVID-19: NEW CONCERN FOR EU STEEL BUYERS
The recent Covid-19 resurgence creates a huge concern in the steel industry, the contrary between the market participants as well as the disagreement on the future price direction. The coming back of Covid 19: Difficulties for the steel buyers The second wave of Covid-19 brings a steep increase in infected cases across Europe, which is […]
US ELECTION 2020: FLUCTUATIONS SEEN IN EUROPEAN & MIDDLE EAST STEEL INDUSTRY
The steel markets in Europe and the Middle East are experiencing a lot of price volatility as the US presidential election moves in favor of the Democratic candidate, according to sources from S&P Global Platts. European & Middle East steel industry fluctuates due to US election 2020 Northwest European domestic prices of rebar have returned […]
STEEL DEMAND IN Q3: BETTER THAN EXPECTED
There is a rise in steel demand throughout the third quarter of 2020, and there are possibilities for another quarter of developments in the steel industry. 1. Severe drops across the globe since the pandemic started in early 2020 In the second quarter of 2020, many nations witnessed an unprecedented drop in steel demand. It […]
