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India prepares to lift export duties on steel

Industry experts are urging the Indian government to remove the levy as soon as possible as it increases uncertainty in the export market. They argue...

China reduced steel exports in July by one million tons or 12%

In seven months of 2022, China exported 40.073 million tons of steel, which is 6.9% less than in the same period last year....

India launches carbon trading market

India plans to launch a carbon credit market for energy, steel and cement. The official announcement may take place on August 15, Independence Day....

Kazakh authorities introduce temporary ban on coal exports

The ban is introduced for six months during the peak period (from August 1) to eliminate the hype for providing coal to the population and energy...

India's JISPL extends blast furnace maintenance indefinitely

Indian metallurgists may have decided to cut steel production after domestic demand weakened and the government imposed export duties on the export...

Taiwan is preparing to repel the invasion of Russian steel in Asia

China Steel Corp. stated that it is closely following the offers of hot-rolled products from Russia and is ready to take steps "against unfair...

Japan's Nippon Steel starts buying gas at record high prices

A Japanese steel company has purchased its most expensive natural gas shipment in history as the growing global energy crisis creates new risks of...

Losses from steel production in China exceeded $100 per ton - S&P

According to S&P Global, the profit margin on sales of hot-rolled steel in the Chinese domestic market fell from minus $37 per ton to minus $102...

China's shipbuilding industry continues to lead the global market

The Chinese shipbuilding industry accounted for 50.8% of all new orders globally in the first half of 2022....

China's industrial output up 3.4% in first half

The mining sector saw the fastest growth in output, up 9.5% year-on-year in the first half of the year....

Steel production in China declines in July, but this does not affect the large supply surplus

As of July 10, stocks of finished steel at smelters controlled by the China Iron and Steel Association were up 28.4% year-on-year at 18.05 million...

June car sales in China up 24%

According to the China Association of Automobile Manufacturers (CAAM), a number of government measures and campaigns to increase car consumption have...

China and Australia agree to improve bilateral relations

The cost of coal on the world market may start to rise again if China lifts a politically motivated blockade on fuel supplies from Australia. This,...

Tesla's Shanghai gigafactory boosted EV shipments by 177% in June

In the first half of the year, the American automaker increased the production of electric cars in China to 300 thousand units, which is more than...

Chinese astronomers find nine lithium-enriched dwarf stars

According to the results of the study, the content of lithium in these stars is four times greater than in the Sun....

Indonesia re-delays carbon tax due to global risks

The ministry said the postponement of the introduction of the carbon tax scheme would give the relevant departments more time to resolve any issues...

Toyota is recalling all electric vehicles released this year due to the fact that their wheels can fall off

Steel bolts on the wheels of the new Toyota bZ4X and Subaru electric vehicles "can loosen while driving to the point where the wheel can come...

In 2012-2021 average annual growth of industrial production in China amounted to 6.3%

The growth rate of the indicator was significantly higher than the global average, which amounted to approximately 2% over this period...

South Korea declares scrap metal a strategically important raw material

The events in Ukraine and the restriction of scrap supplies from Russia caused a sharp increase in prices for raw materials in South Korea, which is...

20 advanced manufacturing industrial parks to open in Shenzhen

This move by the Chinese authorities is aimed at developing and supporting 20 strategically important emerging sectors, as well as eight industries...

China will continue to build its industrial economy

The Ministry of Industry and Informatization of the PRC will increase its assistance to small and medium-sized enterprises and coordinate with other...

China to Increase Wind and Solar Power Capacity to Expand Use of Clean Energy Sources

China will accelerate the construction of large wind and photovoltaic power bases in deserts, while encouraging the development of distributed power...

India raises export duty on iron ore and iron and steel products

The Government of India has taken measures to support domestic steel production by limiting the export of metallurgical raw materials and removing...

Installed renewable energy capacity in China skyrockets in first four months of 2022

China intends to increase the share of non-fossil energy consumption to around 25% by 2030....

Japanese companies are accelerating the replacement of Russian coal with Australian supplies

Australian coal prices remain strong as demand for coal from Europe and Japan to replace Russian coal continues to change trade flows. Market...

POSCO starts supplying steel for hyperloop pipes in the Netherlands

POSCO will smelt 63 tons of the original 275 tons to produce 64m 2.5m diameter pipes and then supply the pipes to the Netherlands. The South Korean...

China has sharply increased the export of excavators by reducing supplies to the domestic market

Chinese excavator exports in the first four months of 2022 grew by almost 80%, while domestic sales of this equipment fell by 56.1% compared to a...

Chinese automaker Chery reports strong growth in NEV sales in first 4 months of 2022

The company also noted strong demand from countries such as Brazil, Saudi Arabia and Chile....

China's iron and steel producer price index up 5.6% in April

China's overall producer price index (PPI) rose 8.0% year-on-year in April, while it rose 0.6% month-on-month....

Russia doubled coal supplies to China

Chinese traders, having settled financing and lending issues in their banks, aggressively increased purchases of Russian coal against the background...

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