The world's largest gold importer reduced purchases of precious metals due to falling prices for jewelry....
Asia
Production director of Krakatau Steel suspected of bribery
The Jakarta court has suspected one of the heads of the state-owned company of receiving a multi-billion dollar bribe when purchasing equipment....
Philippine Philex Delays Copper & Gold Mine Launch By Four Years
The company is considering an alternative project to implement underground ore mining...
Two people killed in clashes near Vedanta's Indian alumina refinery
One of the protesters and a police officer were killed in clashes near the Vedanta Ltd alumina refinery in eastern India, a police officer said on...
India's capital to launch smart waste bins for smart waste stations
The largest state-owned metallurgical company in the country, naala, produces stainless containers for garbage, which can transmit data on their...
ArcelorMittal achieves its goal in the acquisition of Essar Steel
The Indian Court of Appeals has approved ArcelorMittal's plan to take over steel giant Essar Steel....
Steel production projected in India
India does not intend to curtail its programs to support the metallurgical industry and plans to achieve an annual production of 300 million tons....
Projected growth in consumption of steel by Japanese shipbuilding companies
Ship steel orders in Japan will grow by 3 percent....
Toyota Kirloskar Motor Prefers Indian Steel Makers
Toyota has two factories near Bengaluru. One of them produces Fortuner and Innova models, and the second one produces Corolla, Liva, Etios, Yaris...
Yanshan Iron & Steel will build a new lithium processing plant
China's Yanshan Iron & Steel has signed an agreement to build a new lithium carbonate plant in China's Nanbao National Economic Development...
China cuts VAT to 13 percent
Reducing the value added tax will increase the revenues of the PRC manufacturing sector....
Indian metallurgists move to 100% quality control of steel
Indian metallurgists are going to implement one hundred percent quality control of their products....
Chinese metallurgists hope to save on iron ore
Celestial steel mills delay replenishment of iron ore, considering cheaper alternatives...
Chinese steelmaking equipment passed "field " test
The CCM2 continuous production machine was successfully upgraded in 2015 by Primetals Technologies and has been operating smoothly ever since....
Chinese steel mills face layoffs
China's steel mills miscalculated in their efforts to increase capacity. The demand for metal in this country has significantly decreased due to a...
Indonesia Wants to Become a Global Electric Vehicle Hub
Indonesia plans to begin processing its rich reserves of nickel-containing laterite ore used in lithium batteries to become a global hub for the...
Moody's upgrades Tata Steel's corporate rating to Ba2
In April-December 2018-19. Tata Steel's Indian operations generated EBITDA /tonne of Rs 17,270, more than three times the profitability of European...
China Steel Corporation in Kaohsiung Adopts Advanced Rolled Steel Production System
China Steel Corporation in Kaohsiung has started production of S6 continuous steel with new technology using a plant modernized by Primetals...
Japan to help China use blast furnace gas correctly
The global community is demanding that China reduce carbon emissions in the metallurgical industry, and Japanese gas turbine power plants solve this...
Chongqing alumina refinery in China reopens
China produced 72.53 million tonnes of alumina in 2018, up 9.9 percent from a year earlier, and is the world's largest aluminum producer, according...
China's steel industry profit surges 40 percent
Rising steel prices and strong production growth have allowed Chinese steelmakers to post record profitability in 2018....
Heads of Thai enterprises announced possible mass layoffs
Steel imports from China threaten to cut workers at local steel mills...
Nippon Steel cuts its annual profit forecast by 6 percent
The reason for the revision was technical problems limiting the production of high-quality steel with high added value....
India blames Indonesia for dumping stainless steel
The Indian Stainless Steel Development Association announced that significant quantities of Chinese stainless steel are being dumped into the Indian...
Japan's Mitsui Cuts Annual Profit Forecast, But Keeps Its Stake In Vale
Mitsui & Co cut its annual profit forecast by 2 percent on Friday due to a lack of dividends from Vale, but the well-known Japanese trading...
India increases production of finished rolled steel
At the same time, India continues to be an importer of finished steel, although its foreign purchases during this period decreased by 3.1 percent...
Chinese companies set record for aluminum exports
Specialists from China attribute this growth to good conditions in the global market in 2018....