Hoa Phat Group, the largest steel maker in Vietnam, exported over 40,000 tonnes of construction steel in February, almost tripling that of the same period last year.
Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of the novel coronavirus disease (COVID-19), which could well reach a pandemic as dozens of countries reported new infections, said industry leaders and experts.
Chinese steelmaker Jingye Group on Monday completed the acquisition of British Steel's business and assets in Britain and the Netherlands, said the Chinese steelmaker in a statement.
In 2019, ArcelorMittal had revenues of USD 70.6 billion and crude steel production of 89.8 million tonnes (MT), while own iron ore production reached 57.1 MT.