Steel exports to increase 44.5% this year
Viet Nam was estimated to export around 1.87 million tonnes of steel and
steel ingot this year, a 44.5 per cent increase from 2010 figures, Viet
Nam Steel Association chairman Nguyen Chi Cuong said. SEE MORE The euro advanced for a second day versus the dollar as reports that France and Germany are nearing a deal to boost the size of Europe’s rescue fund to contain the debt crisis spurred demand for the region’s assets. SEE MORE A California startup has received new funding for cracking the puzzle of how to make liquid chemicals directly from methane.
As petroleum prices rise, so does the cost of producing ethylene and all
the products that come from it. Ethylene is the world's highest volume
commodity chemical and is made from petroleum using "steam cracking" in
which the long-chain hydrocarbons are thermally broken down (cracked). SEE MORE VietNamNet Bridge – Commercial banks all have reported the sharp decreases in
the volume of capital mobilized since September, when banks began applying the
14 percent ceiling interest rate mechanism. Experts have warned that the
decrease in mobilized capital means higher liquidity risk, while the pressure on
the foreign currency market has also appeared, sooner than expected, partially
because of the gold price increases. SEE MORE China’s economy probably grew more than 9 percent in the third quarter, indicating the nation remains an engine of global growth even as Europe grapples with the sovereign debt crisis and the U.S. recovery falters. SEE MORE
