The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....
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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...
S&P Global Platts: China's steel market has grim prospects
The S&P Global Platts China Steel Sentiment, which measures the outlook for new steel orders for next month, fell 4.37 from 12.47 or 100...
China will impose additional restrictions on steel smelting
Tangshan City officials are urging steel mills to take environmental pollution more seriously....
China will introduce quotas for the supply of metals to the United States
US military firms may face Chinese restrictions on the supply of rare earths....
Indian auto steel demand forecasts remain disappointing
In July-September, the demand for automotive steel in India is likely to continue to decline, as car production continues to be negatively impacted...
Indian state bans iron ore mining over sacred hill
The project was approved during the term of the previous state government, but the election brought a party to power that listened to the complaints...
Indian iron ore sales to China plummet
Mining operations in Goa have been suspended since March 2018, and work is not expected to resume anytime soon due to delays in court decisions...
Electric vehicle sales in South Korea gain momentum
The South Korean government has offered the world's highest subsidies to electric vehicle makers, while at the same time eliminating sales...
Chinese steel exports fell to three-month low in May amid rising domestic consumption
Chinese steelmakers have reduced overseas steel supplies due to increased domestic demand at the peak of seasonal consumption....
South Korean metallurgists complain of growing environmental burden
South Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and...
Toyota forges contacts with Chinese battery manufacturers
The company predicts Toyota's demand for batteries for electric vehicles will grow approximately 20 times by 2025 compared to 2018....
China's steel sector can only rely on the real estate sector
China's real estate sector appears to be the most resilient of any other economic sector today, fueled by financial incentives and supported by...
