[SMM Steel] La débil demanda obliga a recortar precios, la taiwanesa Feng Hsin reduce los precios de la barra de refuerzo y la chatarra de acero

The steel mill is using Microsoft Azure as its computing platform for IT systems, consolidate data and AI application across global business. The focus is to be efficient, fast, smart, and front leader of digital transformation in global industry, said CIO of ArcelorMIttal. Beside Ms. Azure, ArcelorMIttal will use Ms. Fabric, Purview, and Foundry for faster delivery of AI.

Upstream of steel in Indonesia, Krakatau POSCO will expand through $4 billion investment to meet steel demand and improve company’s global production. This phase is expected to not only improve upstream but also downstream facilities so the higher value-added steel can be produced for domestic and regional market.

[Vietnam] Domestic Vietnamese SAE1006 HRC was indicated at around USD 520/tonne CIF Vietnam. Facing stronger competition from lower-priced imported material, one local mill offered discounts of USD 10–12/tonne to major domestic customers to support bookings. Another Vietnamese mill was expected to announce a new round of HRC offers later in the week, with the market watching the extent of any price adjustment.