The three big drivers — backlog, revenue expectations and contractor confidence — in the business group’s report “nudged up” slightly from the third quarter, but failed to reach pre-pandemic numbers
According to the World Steel Association, due to the impact of the COVID-19 pandemic, worldwide steel demand will decline in 2019 and gradually recover in 2020. China is one of the countries with the ability to recover early after the pandemic.
Overall, there is an expansion in the price of steel within the last 5 years.
The battle for protection of the steel industry is becoming increasingly "hot" when recently two large Korean steel companies, Hyundai and Dongkuk, want the government of this country to investigate and consider H-shaped steel tax originating from Vietnam. .
Total apparent steel consumption in 10 countries increased slightly, up 1.1% over the same period to 224.6 million tons in 2018.
Join us and Mr. Paolo Stagnoli, Technical Manager, Tenova, in the webinar on Friday, May 29 at 3:30 PM (Vietnam time), 5:30 PM (Singapore time), 1 : 30 PM (Dubai Time) to learn how the innovation in EAF pushes the boundaries of Tenova's blending and performance mix.
Vietnam always prioritizes advanced, new, modern, high-value-added, FDI technology projects to form a global supply chain.