Chinese industry experts believe that falling demand for steel in China will recover in the third quarter, but prices for rolled steel will remain...
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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...
Vietnam increases steel and pig iron exports to Asian countries in the first half of the year
Vietnam's overseas sales are up more than 20 percent in the six months since the beginning of the year....
Tangshan government crackdown crashes iron ore quotes
Tangshan City's determined fight against air pollution sources has led to a decline in iron ore exchange prices in China...
India will continue to cut taxes on electric vehicles and clean energy
The Indian government plans to cut tax rates on electric vehicles from 12 percent to 5 percent....
Scrap of ferrous metals updated the maximum price in the Chinese market
China's ferrous metal prices surged to new highs this year as high EAF utilization rates and new import restrictions came into effect on July 1....
China raises import duties on stainless steels
Beijing is planning to introduce anti-dumping duties on certain types of stainless steel from the EU, Japan, South Korea and Indonesia....
Tata Steel plans to increase steel production to 30 million tons by 2025
The largest private metallurgical company in India is striving for complete independence from the supply of iron ore and is actively modernizing its...
Director of a steel plant arrested in Tangshan for smelting pig iron
The director of the Tangyin Steel Works in Tangshan, Hebei Province, was arrested for failing to comply with the government's emission reduction...
Volkswagen: plan to develop electric vehicles in India is tempting, but not yet viable
Currently in India, electric vehicles are provided with charging on average for 70-80 kilometers....
China's June Steel Prices Fall Despite Rising Demand
Steel prices in China continued to decline in June and new lows are expected, according to industry association data....
Falling Auto Demand in India Affects the Steel Industry
The Indian auto industry is increasingly plunging into a crisis, many manufacturers are suspending the production of new cars, and dealers are...
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...
