Indonesia and Vietnam are set to increase their steelmaking capacity by several million tonnes over the coming years to reduce the economy's...
Asia
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...
Indian mills raised steel prices in June
India's major integrated steel mills raised their domestic list prices for most steel products in June, although buying interest remains weak....
Stainless steel manufacturers in China stop production
Smelting and rolling stainless steel in China has become economically unprofitable....
The largest metallurgical company in China absorbed its smaller competitor
Baowu Steel Group acquired 51 percent of its rival Magang as part of the government's steel consolidation program....
Car and SUV Sales in India Fall for 7th Consecutive Month
The deep downturn in the Indian auto market is evidenced by the seventh straight month in auto and SUV sales as buyers refrained from new purchases,...
India faces risk of steel overproduction
At the end of the 2018-19 financial year, the excess of steel production over its consumption in India reached 35 million tons....
Indian steel mills are concerned about increased steel imports from South Korea and Japan
The Indian Steel Association, representing the six largest integrated steel companies, has called on the government to impose a protective duty of...
Explosion at China's Fangda steel plant killed one person
Nine more metallurgists received injuries of varying severity....
Chinese Steel Sector Profits Soar In April To New Record
Chinese steel profits skyrocketed for the second straight month in April amid increased demand from the construction sector....
China's steel production growth surprised analysts
China's growing steel production is of deep concern to the global steel industry, which rightly believes that a new round of steel overproduction in...
Hyundai to sell EV SUV in China with Chinese battery
South Korean Hyundai Motor received approval to sell a version of its Kona (EV) electric vehicle in China later this year, on condition that it is...
Chinese flat products manufacturers face oversupply
Hot rolled coil prices are falling at the fastest pace, accounting for 20 percent of China's total steel exports....
The profitability of the Chinese industry declined by 4 percent
Chinese statistics released Monday showed progress in the country's efforts to help reduce corporate leverage through supply-side structural reform....
China-US trade war crashes steel prices in Taiwan
The largest metallurgical company in Taiwan announced a forced decline in prices for steel and metal products amid falling demand in both the...