Thyssenkrupp's Duisburg DRI Plant Could Initially Operate Without Hydrogen

Ho Chi Minh City plans to develop four key industry clusters—mechanical engineering, electronics and IT, pharmaceuticals-chemicals-plastics-rubber, and food processing—to strengthen domestic supply chains and improve participation in global value chains by 2030. The city will support digital and green transformation, credit, tax incentives, technology upgrades and production facilities. Steel is an important input across these supply chains, particularly in mechanical engineering, automotive, energy and high-tech manufacturing, which could support long-term demand for industrial and specialised steel. Meanwhile, the focus on green transformation and smart manufacturing is expected to accelerate the adoption and development of green and lower-carbon steel as manufacturers upgrade their production facilities and supply chains.

Ukraine-based steel producer ArcelorMittal Kryvyi Rih said two people were killed and 13 employees and contractors were injured in a missile attack on its facility overnight, with the attack damaging the plant's main energy facilities and blast furnace production units. The plant was operational when the attack occurred, and production was partially halted as a result. Specialists are currently assessing the extent of the damage and the timeline for restoring operations. The company noted the plant was also hit by a missile attack in 2022, which destroyed a rolling mill workshop and killed one employee.