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.

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

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

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

Hong Kong architectural engineering company So Li Ah has witnessed the local construction industry's long boom.

German automakers Mercedes-Benz and BMW sign up to use eco-friendly materials.

Despite this, the industrial structure of profits continue to improve, with the equipment manufacturing industry registering a rebound in profits for six consecutive months.

Diversified miner Rio Tinto has set out its production growth and decarbonisation targets in an investor seminar.