the size of the stimulus package for the Japanese economy will be about 108 trillion yen, while government will spend more than 6 trillion yen in...
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Syria has restarted a steel plant in Hama
In the Syrian province of Hama resumes largest steel plant in the country, as the demand for the products of the manufacturer is growing a...
Iran plans to lift the quarantine for companies with "low-risk" on April 11,
the Iranian President said that economic activities with low risk will resume from 11 April, amid rising deaths from coronavirus....
Sales of Volkswagen in China has quadrupled
By mid-year the company expects to reach sales levels planned before the outbreak of the coronavirus....
The plant of ArcelorMittal in Kazakhstan is in normal mode despite the quarantine
today, the company is not experiencing serious problems with the operations of manufacturing steel or mining coal and ore....
Japanese steel companies are planning a significant reduction in steel production
the Demand for steel in Japan is falling as a result of the ongoing trade war between China and the U.S., and also due to the sharp reduction of the...
Coronavirus stops the plants of the Japanese car industry
Automakers around the world stop production because of the violation of supply chain components during a pandemic....
Indian steel mills require the government to release them from quarantine
Consumer sectors of India such as manufacturers, rolling mills, steel producers, manufacturers of steel structures and construction sites, shall...
Platts: Real steel demand in China will fall by 36% in the first quarter
Inventory of steel in China is almost three times higher compared to the same period last year at 100 million tons, which creates great problems for...
Steel stocks in warehouses in China for the first time in several months began to decline
Chinese industry gradually return to normal production after the Central government significantly weakened the logistical constraints....
Taiwanese CSC cuts prices for steel products in connection with the reduction of demand
In February, CSC said it expects that flash COVID-19 will have little impact on the overall steel market in a short period of time, based on the...
Tokyo Steel for the first six months reduces the price of steel because of the pandemic
the Company decided to reduce prices in order to prevent the flow of cheap imports from China have accumulated a record inventory of steel during an...
China Association of automobile manufacturers asked the government on state support
car Sales in China have fallen to 2005 levels and, according to the Association, the Chinese authorities should reduce taxes and increase subsidies...
Tesla took 30% market share of electric cars in China, offering contactless sale
this is largely made possible because of the quarantine measures in China, which resulted in a reduction of car production by other companies at...
In Iran discovered 760 promising deposits of metals
the Total area of prospective areas where metals in Iran is 650 thousand square kilometers....
A fire at the largest steel plant of China will adversely affect the pig iron production in 2020
on Sunday, a local fire Department reported that the Shanghai plant owned by China's largest steel manufacturer, also known as Baosteel, the fire...
Japan will offer interest-free loans to small and medium-sized companies
interest-free loans are made available to all companies facing a sharp drop in income from the effects of combat coronaviruses....
Tesla has established a legacy processors in a Chinese car
Tesla admitted that he installed the outdated, slower processors in the new cars due to problems with the supply chain caused by the outbreak of...
The largest steel producer of China came to the debt market due to coronavirus
Baosteel takes money to combat the negative influence of coronavirus amid falling market prices for steel in China....
Modernization of passenger cars in India was suspended due to massive theft of toilets
Ambitious project for the construction of the new passenger cars in India was faced with the problem of massive theft of metal parts and fittings....
Hyundai Motor sales in February fell 13% amid the outbreak of coronavirus
the Largest carmaker in South Korea, Hyundai Motor due to the outbreak of coronavirus is forced to stop work of one of its major plants in Ulsan. On...
Nippon Steel is prepared to further reduce steel production due to coronavirus
the Third company in terms of production of steel in Nippon Steel the world is preparing for new reductions of smelting, as a slowdown in...
Toyota plans to build another mega-plant for the production of electric vehicles in China
a New plant in Tianjin value of $ 1.2 billion will produce more than 200,000 electric vehicles a year....
Steel production in China last week declined 5.4%
the China Association of ferrous metallurgy this week urged local businesses to reduce production of steel, to reduce the risks of overproduction...
Chinese car sales plunge 92% in first half of February due to coronavirus
The fall in auto sales in China this year was expected even before the outbreak of the coronavirus due to economic slowdown and trade tensions....
Sanjeev Gupta bought another bankrupt steel plant
British billionaire of Indian origin acquired the completed acquisitions of the assets of Adhunik metaliks stock in India....
Iranian metallurgical company "Mobarak" has become the world's largest producer of DRI
Mobarakeh Steel Company in 2019 has produced more than 11 million tons of direct reduced iron (sponge iron)....
Platts: 35% of the steel mills in China have cut output due to problems with the supply of raw materials
More than one-third of Chinese steel mills are considering the possibility of reduction in steel production due to mounting inventories, raw...
Toyota resumes production in China to three of its plants of the four
At the end of January 2020, Toyota has closed four plants during the Christmas holidays according to the lunar calendar. The company planned to...
