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When compared to its larger Asian neighbours, Vietnam is a relative minnow in terms of its steel market but it is also the fastest growing in the region. In the five years to 2016, apparent consumption has more than doubled to 22.3 million tonnes with a 22% growth in last year alone. This growth has seen a similar rise in Vietnamese imports which have also more than... read more
We are often asked: what is the price of steel?
For historic world prices, visit us at http://www.steelonthenet.com/steel-prices.html.
Global crude steel production mid-way through 2017 was 4.5% higher than in the first 6 months of the previous year. Despite much talk about cuts in Chinese capacity, Chinese crude steel production grew by a marginally higher amount. The growth in Chinese production is attributed to the government-led infrastructure push which has maintained very strong demand levels from... read more