Chinese steel mills reported lower profits in the first seven months of this year due to higher raw material prices....
Asia
Toyota Group opens car battery recycling plant in Thailand
The Chachengsau plant will be able to quickly diagnose 10,000 units per year and process 20,000 units per year....
Coated Steel Prices In India Continue To Fall Due To Liquidity Crisis
Moody 's revised outlook for Indian steelmakers to negative due to problems in the automotive industry and rising costs....
Moody's: Profitability of Asian steel producers will decrease by 15 percent
Weak end-user demand for steel and rising raw material costs cloud the outlook for the metals industry in Asia....
Economic downturn: steel consumption in India will be the lowest in three years
Economists, financial leaders, industry leaders and Indian media question the effectiveness of government measures to stimulate domestic demand in...
China's steel capacity to peak at 1.2 billion tonnes in 2019
Expansion of steel production capacity in China will peak in 2019, after which it is planned to decline....
China Steel Corporation has reached the limit of its ability to absorb rising costs
However, given the market situation, Taiwan's largest metallurgical company raised prices for only two types of rolled metal - galvanized steel...
Steel consumption growth in India slows down
The growth in demand for steel was not supported by the car manufacturers in India, and economic factors also played a negative role....
CISA: Steel prices are still stable, but may fall by the end of the year
Metallurgical enterprises in China must carefully analyze the situation with demand, deliberately control production and maintain a stable market,...
Indian metallurgists predict difficult times
India's steel sector will weaken in FY20 due to the dual impact of lower prices and higher raw material costs....
Indian auto market records biggest sales drop in 19 years in July
SIAM reported that passenger car sales in July were also their worst since December 2000, when the segment declined 39.86 percent....
Three floors at the same time: new South Korean technology for the construction of reinforced concrete structures
The new technology can also cut construction costs by up to 15 percent and reduce carbon emissions by more than 1.5 percent....
The historic downturn in China's auto market continues
Statistics released on Monday August 12 show that car shipments to China continued to decline in July, increasing the historical market downturn....
Tata Steel cuts capex by almost 30% due to lower demand
Tata Steel is revising its capital expenditures (investments) for 2019-2020, taking into account the prevailing market conditions and lower cash...
Indonesia to become Asia's electric vehicle manufacturing hub
Indonesia intends to stimulate the development of the electromobility industry at the state level....
Kobe Steel said it fully felt the impact of the US-China trade war
The Japanese iron and steel company fell 13 percent after publishing its quarterly report for April-June 2019. Kobe Steel shares have dropped 24...
Tata Group Transfers India to Electric Vehicles
Tata Motors and Tata Power have teamed up to install 300 electric vehicle charging stations in 5 major cities in India....
India may impose anti-dumping duties on steel from Brazil, China and Germany
The DGTR Department of Commerce Investigation Unit has recommended the duty following the completion of an investigation into the alleged dumping of...
Vietnam cuts costs on steel imports due to falling prices
Vietnam increased steel imports in tonnage, but paid less in the first seven months of 2019...
China's steel manufacturing PMI declines in July
Chinese industry experts believe that falling demand for steel in China will recover in the third quarter, but prices for rolled steel will remain...
US anti-dumping duties increase pressure on Korean steel companies
South Korean oil and gas pipe producers may face serious financial problems amid global trade uncertainty and rising raw material prices....
Foton Zhilan builds light electric truck plant in central China
Chinese New Energy Vehicle (NEV) manufacturer Foton Zhilan is building a NEV light truck plant in Shangqiu, Henan province in central China....
China's steel sector profits shrink inexorably
Weak demand for steel in the middle of summer is a common phenomenon in the Chinese economy, but today metallurgists are under pressure from...
Posco prepares for the green car era
The challenge for Posco engineers is to find a technological breakthrough in the development of lighter steel containers by using newly developed...
Indian EV makers approve GST tax cut
On Saturday, a senior GST Council approved a decision to cut the electric vehicle tax rate from 12 percent to 5 percent starting August 1....
China's industrial profits fell 3 percent in June
The largest steel producing and consuming country in the world is losing ground amid the trade war with the United States....
Maharashtra State Government Announces Construction of NLMK Plant in India
The Russian NLMK Group received a plot in Aurangabad (Delhi-Mumbai Industrial Corridor) in Shendra or Bidkin for the construction of a new...
Indian demand for iron ore is projected to grow at around 8 percent
Over the next five years, demand in the Indian iron ore market will increase by 7-8 percent per annum, in line with forecasts of growth in the...
Chinese officials blame small steel mills for poor ecology
According to the representatives of the China Iron and Steel Association, small iron and steel works, which are in private hands, spoil the air and...
Steel prices in India fell to 19-month low
Hot rolled and cold rolled coil prices in India have declined by about Rs 3,000 per tonne over the past 40 days, mainly due to the continuing...
