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Indonesia Announces Start of Electric Vehicle Production in 2022

Indonesia plans to start producing electric vehicles (EVs) in 2022, according to a senior Industry Ministry official, after a number of companies...

Indian Buyers Against Additional Import Duties

India currently has an import duty of 10 percent on long products and 12 percent on flat products....

China to check closed steel mills

Officials in Beijing suspect that some of the metallurgical enterprises that have been liquidated continue to manufacture products and pollute the...

China's economic growth slows down due to trade war with the United States

China's growth rate of 6.2 percent in the second quarter of this year was the lowest in nearly 30 years. The reason is the trade war with the United...

Indian company invests $ 3 million in electric vehicles

A significant part of the company's products will be based on lithium ion technology, given its advantages, as well as government support....

China's steel production remains at a record high

Average daily steel production in China in June was about 2.92 million tons, up from 2.87 million tons in May....

Asia calculates losses from China-US trade war

Prices for metals and commodities in Asia began to decline steadily, sagging under the influence of trade restrictions resulting from rising...

China plans to tighten emissions controls at steel mills

New measures by Chinese officials could affect more than 60 percent of the world's largest steelmaker's steel capacity....

Chinese imports of iron ore fell to three-year low

Data from China's General Customs Administration show that ore supplies to the PRC, disrupted at the beginning of the year after the disaster in...

Japan and South Korea fell out completely

Japan threatens to exclude South Korea from the "white list" of countries with minimal trade restrictions, considering these measures...

India intends to increase investment in the processing of ferrous scrap

Ferrous scrap is used as a raw material for steel production in electric arc and induction furnaces, which account for about 35-40 percent of total...

China plans to increase funding for the production of electric vehicles

The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....

Indian KIOCL will sell iron ore pellets to Europe

The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...

China steelmakers set up task force to investigate commodity prices

Prices for iron ore in China are at their highest ever recorded. Some believe that this is a consequence of speculation on the stock exchange and...

South Korean President urges Japan to remove restrictions on metal exports

South Korean President Moon Jae-in has called on Japan to lift export controls on high-tech materials bound for South Korea as a forced military...

China's Hebei province decides to expedite the elimination of steel facilities

Earlier in Hebei, it was planned to abandon the production of steel with a capacity of 14 million tons, coal with a capacity of 10 million tons,...

Indian government predicts production of 128.6 million tons in 2021

Indian crude steel production in 2018-1919 was 106.56 Mt, up 3.3 percent from 103.13 Mt in 2017-18...

POSCO and Hyundai Steel to lose up to 30 percent in profits due to higher ore prices

Rising iron ore prices amid declining supplies and market resistance to higher steel prices have a negative impact on the profitability of South...

China removes barriers to foreign investment on a range of metallurgical products

China will lift restrictions on foreign investment on a range of products in the metals sector, including antimony, tungsten, molybdenum and tin....

India's annual steel consumption approaches 100 million tonnes

Government investments in infrastructure in India have significantly increased domestic steel consumption in the country. However, the cream of this...

PMI of the steel sector in China fell to 48.2 points

Heavy rains in southern China, coupled with hot weather in the north, have reduced demand for steel, and environmental restrictions have affected...

Beijing Retains Tax Credits for Green Vehicle Buyers

Contrary to pessimistic forecasts about the possible cancellation by Beijing of tax breaks on environmentally friendly cars, the Ministry of Finance...

Japan will tighten rules for the export of high-tech materials to South Korea

Japan plans to tighten restrictions on the export of high-tech materials used in smartphones and chips to South Korea from July 4 in connection with...

Increased demand for steel in India is possible subject to government incentives

Steel demand in India is projected to grow 6-7% year-on-year in fiscal 2019-20, which began on April 1, despite declining sales due to banks'...

Vietnam and Indonesia increase steel production capacity

Indonesia and Vietnam are set to increase their steelmaking capacity by several million tonnes over the coming years to reduce the economy's...

Chinese company Kunming plans to build a steel plant in Myanmar

China Kunming Iron & Steel Group Co. Ltd. signed an initial agreement to build a 4 million tonnes per annum steel plant in Myanmar, Burma, which...

Tata Steel and JSW Steel Profits Threatened by Rising Imports from China

According to media reports, India's Steel Ministry is currently pushing for an increase in import duties on finished steel products to 15% from 7.5%...

China's Tangshan imposes 50 percent restrictions on steel production

The authorities of the largest metallurgical center in the PRC decided to act more decisively to implement the state program for environmental...

Chinese metallurgists have sharply increased the average daily steel production

The rise in steel production in China comes amid a seasonal decline in consumption, which is causing an increase in stocks in warehouses and anxiety...

KIA partners with Hyundai to create low-cost electric vehicle for India

South Korean carmaker Kia Motors is working with the Hyundai Motors group of firms to consider a low-cost electric vehicle (EV) project for India...

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