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Vietnam's steel industry to grow 12-15%

Vietnam's steel industry to grow 12-15%

Ho Chi Minh City seeks Japanese loans for two metro projects

Ho Chi Minh City authorities have asked the central government for approval to access Japan’s preferential loans for two metro projects, according to the municipal Urban Railway Management Board.

Construction of Hanoi urban railway project gets tardy due to indebted Chinese contractor

Progress in the completion of half of the 12 stops of the Cat Linh – Ha Dong urban railway is now nine to 22 days slower than slated, Du Giang, the project’s executive director, admitted at a recent meeting with the Vietnamese Ministry of Transport.

Iron, steel production enjoys stable growth in five months

Hanoi (VNA) – Iron and steel product manufacturing posted stable growth over the first five months of 2016 with an output of more than 5.8 million tonnes, rising by nearly 1 million tonnes or 19.3 percent year on year. 

Steel imports rise 25 percent in 9 months

Hanoi  (VNA) - Vietnam spent 5.84 billion USD importing 13.92 million tonnes of steel and iron products in the first nine months of the year, the General Department of Customs’ statistics revealed.

The number of automobiles in India

The number of automobiles in India is expected to grow from 3.5 million to 7 million in 10 years. India is forecast to become the world's third-largest automobile manufacturing nation by 2026.

The venture will sign a long-term

The venture will sign a long-term purchase agreement with SAIL's Rourkela plant for sourcing hot rolled steel strips. SAIL's 3 million tonne Rourkela hot strip plant is under construction.
 

Sources close to the development

Sources close to the development said the equity structure was likely to be finalised once the joint venture agreement was signed.

The $1 billion joint venture of state-owned

The $1 billion joint venture of state-owned Steel Authority of India and ArcelorMittal is likely to be a private company with both partners holding equal stakes.

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