Steel industry to see tougher competition with newcomers

five-new-steel-mills-with-a-combined-capacity-of-1-5-million-tons-per-year-will-start-operations-this-year-making-supply-further-exceed-demand-and-leading-to-a-fiercer-competition-in-the-local-steel-8-100x100

Five new steel mills with a combined capacity of 1.5 million tons per year will start operations this year, making supply further exceed demand and leading to a fiercer competition in the local steel market. The steel mills of Thai Trung Steel Co. in Thai Nguyen, An Hung Tuong Steel Co. in Binh Duong, Middle Region Steel Co., Pacific Steel Co. and Dana-Italy Steel Co. in Danang are scheduled to begin production this year. With the additional capacity of these new plants, the total steel … [Read more...]