BHP buys electric trains for the Pilbara

In November alone, Hoa Phat shipped more than 100,000 tonnes of construction steel abroad, seeing a 2.3-fold increase year on year.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,120,000 net tons (NT) of steel in November 2021.

U.S. steel mills shipped 7,893,990 net tons, a 16.9 percent increase from the 6,753,447 net tons shipped in November 2020.

The ministry has already directed the public sector undertakings (PSUs) and private players to take measures to cut imports of special steel.

Among them, the quantity exported to China was 871600 tons, a year-on-year decrease of 66.34%.

Currently, the South Korean steel major operates a 1.8-million-ton cold-rolled and galvanized mill in India along with four processing centers.

Why the South32 (ASX:S32) share price jumped 62% in 2021