The CEC in February forecast a year-on-year increase in electricity consumption of 6-7pc for 2021, but has revised its outlook upwards to 7-8pc, citing expectations of stronger domestic and overseas economic activity.

The 2109 ferrosilicon contract price on ZCE closed at 7,448 yuan per ton on April 28.

In 2021, TDS is expected to reach 20 billion VND in profit before tax.

The 2109 ferrosilicon contract price on ZCE closed at 7,378 yuan per ton on April 27.

Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021.

Steel maker Hoa Phat Group will start construction of a cargo container plant in June this year in the southern province of Ba Ria - Vung Tau.

The 2109 ferrosilicon contract price on ZCE closed at 7,502 yuan per ton on April 26.

The U.S. imported a total of 2,292,000 net tons (NT) of steel in March 2021.