The copper price continued to recover on Thursday as investors bet on a quick bounce back in economic activity in China once the viral outbreak is brought under control.
Reuters reported that Japan’s top electric-arc furnace steelmaker Tokyo Steel Manufacturing Co Ltd said that it would keep steel product prices unchanged for a fourth straight month in February.
Vietnam suffers around 10.8 – 13.2 billion USD worth of economic losses associated with ambient air pollution each year, equivalent to 4.45 – 5.64 percent of the country’s GDP, heard a discussion in Hanoi on January 14.
Hoa Phat Group, the largest steel maker in the country, said it provided more than 2.77 million tonnes of high-quality construction steel to the market in 2019, a year-on-year surge of 16.8 percent.
Iranian media IRNA reported that Iran has defined 16 development projects in the steel sector which are aimed to boost the country’s output of steel products by 19 million tonnes in a course of five years.
Dutch newpaper Telegraaf reported that despite announced layoffs, employment at Tata Steel Nederland in IJmuiden will be guaranteed until October 2021.