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VIETNAM STEEL INDUSTRY OUTLOOK 2021
ore), while simultaneously boosting public investment in its steel industry, it will cause a shortage of iron ore. Iron ore prices have reached a 5-year peak, at US$154/mt, +93% from the bottom in May 2020. Thus, the Shanghai HRC price has risen steadily to US$687/mt, an increase of 46% from the bottom in March 2020. We forecast that, in 2021 ...
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