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Indian steel demand to grow by 7.5% in fiscal year 2023-24: ISA
Steel demand will be boosted by investment in infrastructure, renewable energy, mining, and the steel sector through a manufacturing-related stimulus...
ArcelorMittal Temirtau increased the production of flat products
Over the past 10 years, the ArcelorMittal Temirtau metallurgical plant has for the first time reached the maximum output of the first grade: both in...
New Volvo design center opens in Shanghai
The opening of a design center in Shanghai and three new car assembly plants in other cities will strengthen the company's strategic investment and...
China is rapidly building up bank gold reserves
The People's Republic of China has been actively buying up gold for its reserves since the end of last year, and in the last two months alone, it has...
Tesla's Shanghai gigafactory delivered more than 75,000 vehicles in April
Established in 2019, Tesla's Shanghai gigafactory is the first of its kind outside the US....
China continues to lead the global shipbuilding market
The number of new orders accepted by Chinese shipyards in the first quarter of 2023 was 53% higher compared to the same period last year and amounted...
Vietnam sees strong growth in steel demand in second half of year
Vietnam's National Assembly approved a 350 trillion VND ($14.9 billion) aid package for economic recovery for 2022-2023, which should lead to a sharp...
Indonesia blocks export of metals and invites investors to process them
Indonesia was invited by the G7 to join the meeting in Sapporo as the chair of the Association of Southeast Asian Nations or ASEAN. The G7 leaders...
China's huge steel capacity hampers the steel market, analysts expect more cuts
China will soon commission more than 200 million tons per year of new liquid steel smelting capacity through swaps. The NDRC is asking major Chinese...
India's steel output rises, exports halve in fiscal year 2022-23
India became a net exporter of steel in March after being a net importer for five straight months. Exports have been growing steadily since the...
China's lithium-ion battery sector showed growth in January-February 2023
In January-February of this year, the volume of exports of lithium-ion batteries from China exceeded $10 billion in value terms....
India's Tata Steel reaches production level of 20 million tons of steel per year
Indian manufacturing output rose 4.3% year-over-year as factory debottlenecked and ramped up production at Neelachal Ispat Nigam Limited at...
Converter production is being modernized at ArcelorMittal Temirtau
The project to modernize the converter shop at ArcelorMittal Temirtau was launched back in 2019. One of the world leaders, an Austrian engineering...
China to increase scrap metal imports, but unlikely to exceed 1 million tons - analysts
In 2021, China revised the quality standards for the scrap sector, requiring that the scrap content of impurities not exceed 0.3-1% for three...
Tokyo Steel raises prices for long rolled steel
Japan's largest metallurgical company, whose prices are closely monitored by Chinese competitors, has again raised prices for construction metal...
China will accelerate the modernization of its state-owned enterprises
In 2020, China launched a three-year SOE reform action plan as part of its ongoing efforts to transform SOEs into competitive and modern business...
Nuclear will play a bigger role in the renewable energy mix
In China, nuclear energy will become an important means of stimulating the country's "green" development...
China to promote green transformation of development model - report
Chinese Prime Minister Li Keqiang presented the report on Sunday at the opening of the National People's Congress as part of the "Two...
South Korean metalworkers union plans strikes in April-July
The Korean Metal Workers' Union (KMWU) is planning strikes in April-July in response to the government's labor reforms affecting the country's auto,...
Steel production in China rose in the first decade of January
In the first 10 days of January 2023, 1.93 million tons of steel were smelted in China, which is half a percent more than in the first ten days of...
China's crude steel production in 2022 falls for the second year in a row
Chinese steel production is forecast to recover between the end of February and March. However, the recovery in steel demand this spring is likely to...
Taiwan bans stainless steel exports to Russia and Belarus
Taiwan was one of the leading suppliers of stainless steel in Russia. According to the estimates of the Spetsstal Association, its share in stainless...
Coal production in Shanxi province increased by 8.9% in January-November 2022
Northern China's Shanxi Province, the country's largest coal-producing region, saw a steady increase in coal production in the first 11 months of...
Nissan Switches to Low-CO₂ Japanese Steel and Green Aluminum
Kobenable steel, claimed by Japanese manufacturer Kobe Steel to significantly reduce CO2 emissions from the blast furnace process, will be used in...
China's luxury car sales rise sharply
Despite the negative impact of the COVID-19 epidemic, the luxury car market has remained highly resilient....
POSCO resumes production at typhoon-affected steel plant in Pohang
To minimize the impact of the typhoon on its business, POSCO increased production at its steel plant in Gwangyang, 423 kilometers southwest of Seoul,...
China publishes guidance on expanding domestic demand
Efforts will be made to comprehensively stimulate consumption and accelerate the improvement of its quality, optimize the investment structure and...
