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    As it progresses, Mangkhut could damage a high number of power plants, along with steel mills and petroleum refinery complexes, in Kaohsiung, Taiwan and China's Guandong Province. The typhoon is projected to continue toward the southern provinces of China, where it will intersect with an estimated 1,400 industrial plants.

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    Taiwan's largest petrochemical company, Formosa Plastics, is set to open a large steel mill in Vietnam in the first half of 2016, further adding supply to an already glutted Asian steel market.

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    Apr 27, 2016· Steel is essential to the modern world. It’s used to build buildings, roads, railways, and other infrastructure. For a developing country, steel is also essential for economic growth.

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