What’s going on? Iron ore price dropped to a 4-month low, as China decided to go green. What does this mean? Iron ore is a major component of steel, which is a major component of cars, buildings, and things that helps the world stay still. The recent price drop of iron ore might be largely…
Tag: steel
Ep 128: Vietnam Steel Industry: Rising demand and Fierce competition
What’s going on? The demand for Steel in Vietnam is expected to grow with positive macroeconomics signals, capital outflows from China, and newly-signed free trade agreements. Along with that, competition appears to be sharper with the strong growth of Hoa Phat and the shrinking of Pomina and Vinakyoei. The rising demand drivers Volume Steel consumption…
with HT 