20
Jul
06:50
ASEAN boosts iron ore demand with new capacity
The ASEAN steel industry is almost entirely dependent on imported iron ore and scrap, and investment in new steelmaking capacity in the region will drive more iron ore demand, Kallanish learns from a report by the Vietnam Steel Association (VSA).
According to the VSA, blast furnace-converter capacity in ASEAN rose from 15 million tonnes/year in 2018 to nearly 30m t/y by 2020. During the same period, electric arc furnace capacity increased gradually to 70m t/y. Dem…
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Anonymous
Very good overview of the weekly steel market.
Anonymous