Category: Structure
-
Vietnam’s railway expansion to drive 4 mnt of steel demand by 2030
Development of high-speed and urban railway networks driving demand Hoa Phat adds 700,000-t annual rail capacity; Vinmetal expands output Vietnam is expected to require around 4 million tonnes (mnt) of railway rails between 2026 and 2030 as it accelerates the development of high-speed and urban railway networks. The growing demand has prompted domestic steelmakers to…