The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Vietnam’s largest steelmaker, the Hoa Phat Group, sold a total of 3.7 million tonnes of steel products in the first five months of this year, up nearly 70 percent against the same period last year.

Ferroalloys Futures Report (06/07/2021).

The 2109 ferrosilicon contract price on ZCE closed at 8650 yuan per ton on June 7.

In April 2021, the output of ferroalloy in Qinghai Province was 122900 tons.

Jiangsu plans to put the measurement system into use in major thermal power plants across the province by the end of 2022, said Su Dawei with the company.

The installed capacity of a single generating unit at Baihetan has reached 1 million kilowatts, ranking first around the world.

PTI reported that Indian engineering goods exporters in the MSME segment have sought Prime Minister Mr Narendra Modi’s intervention on rising steel prices, stating that the industry needs the alloy.