Worldstainless expects global consumption of stainless steel to be at 0.0% in 2023 and at 3.6% in 2024. Only minor changes in global meltshop production by main grade in 2022 recorded.

May 17 - The latest report released by the World Metal Statistics Bureau (WBMS) shows that in March 2023, the global refined nickel production was 233,100 tons, and the consumption was 227,500 tons, a supply surplus of 5,600 tons. Global nickel ore production ...

The plan showed Vietnam would double its power generation capacity to more than 150 gigawatts by 2030 from 69 gigawatts at the end of 2020.

Market participants say this would be feasible for the province because it is rich in coal and iron ore resources.

Hoa Phat steel sales hit 457,000 tonnes in April.

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.

AISI: US raw steel production in the week ending on May 13, 2023.

Vietnam's coal output in the January-April period fell 1.9 percent from a year ago to 16.6 million tons, according to the General Statistics Office.