India's major integrated steel mills raised their domestic list prices for most steel products in June, although buying interest remains weak....
Asia
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...
Honda's hybrid technology will bring India's EV future closer
Japanese carmaker Honda will use hybrid vehicles as intermediate vehicles for the next two years in India, before moving to electric vehicles (EVs),...
Indian steel: optimism amid election results
Traders and distributors have been stocking up this week in anticipation of price increases following the announcement of the election results....
China Trade Conflict Reflects Asian Stainless Steel Market
The slowdown in economic growth in China, exacerbated by a trade dispute with the United States, weakened a buoyant demand for stainless steel in a...
Guoxuan and Tata AutoComp from China form a joint venture
Chinese battery manufacturer Guoxuan Hi-tech Power Energy has signed a joint venture agreement with Tata AutoComp Systems in India....
Honda will continue to sell diesel models in India
The new BS-VI emission standards will enter into force on April 1, 2020 across the country....
GAIL Completes Vendor Selection for Pradhan Mantri Urja Ganga Pipeline Project
State gas company GAILNSE 0.34% India, on Friday announced that it has completed all major contracts for the ambitious Pradhan Mantri Urja Ganga gas...
China's steel and iron ore weakening amid renewed trade tensions
Chinese steel and iron ore futures fell on Wednesday after hitting multi-week highs in the previous session as the market remains concerned about...
Steel production declines in India
Steel production in India fell about 0.3 percent to 27.33 million tonnes in the first quarter of calendar 2019, according to data from the World...
India becomes a net steel importer again
Growth in domestic steel consumption in India is expected to slow but remain above 7 percent....
China Iron and Steel Institute warns of difficult times for metallurgists
CISA predicts lower demand for iron and steel in China due to structural changes in the world's second largest economy, and insists that the...
Profits of Chinese industrial companies grew by 13.9 percent in March
In March, profits of Chinese industrial companies rose, recovering from four months of recession, which added optimism to the second world economy,...
Indian Railways expect steel demand to skyrocket
State monopoly Indian Railways expects its demand for steel rails to grow by more than 38% in April 2019 - March 2020...
Gold smuggling in India declines due to tougher fight against vote bribery
Indian smugglers have dropped their activity sharply amid fears of seizure of their supplies of cash, gold bars, alcohol and drugs due to tightening...
Nickel supply interruptions expected in China
Concerned about nickel supplies, Chinese battery manufacturer BYD welcomes discussions on joint ventures....
Steel consumption in India to reach 100 million tonnes in 2019
Further development of the Indian steel industry is predicted with a growth rate of 7.2-7.4% per year...
Steel mills in northern China cut production
In the two largest steelmaking urban districts of the PRC - Tangshan and Handan, steel production continues to decline. The measure is scheduled for...
Indian gold imports in April-February fell 5.5 percent
The world's largest gold importer reduced purchases of precious metals due to falling prices for jewelry....