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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...

Production at Tesla's Shanghai plant ramps up

The Shanghai plant of the American automaker has already begun production of Tesla electric vehicles for export. Part of the manufactured cars has...

Desperate for Coal, Indian DRI Producers Hunt for Fuel Abroad

According to the chief executive of Jindal Steel & Power Ltd, the situation with the supply of coal to Indian steel mills is "very bad"...

Indian auto industry set to post double-digit growth this year - Tata Motors

“Fleets will grow and people will continue to buy cars in even greater numbers. So this year will also be a good year, which was the last one...

Explosion at Tata Steel plant in India at coke battery

A fire broke out at the Tata Steel Factory coking plant in Jamshedpur due to a suspected battery explosion. Fire brigades are on site....

Former Deputy Director of the State Development Bank of China charged with bribery

He Xingxiang was accused of using his positions to promote benefits for enterprises and third parties, for which he received huge sums of money and...

More than 70% of Shanghai's leading enterprises have resumed work and production

The reopening rate among the first batch of more than 660 leading industrial enterprises exceeded 90%....

Indian Tata Steel has found an alternative to Russian coal

While demand for Russian coal is likely to increase, analysts say potential payment problems associated with international sanctions and the high...

China steel inventories hit 13-month high amid COVID-19 outbreak

Finished steel inventories in steel mills and CISA-monitored spot markets rose 3% since April 10 and up 8.4% year-on-year to a 13-month high of 33.01...

China to introduce temporary zero rate of import customs duties on coal

From May 1, 2022 to March 31, 2023, a temporary zero rate of import customs duties will be in effect for coking coal for the metallurgical industry....

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