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The abolition of export duty in India may reduce the price of Turkish steel

The Indian steel industry, which is a major steel supplier to Turkey and Ankara's competitor in major export markets, seeks to increase its...

India plans measures to stimulate domestic steel exports

Indian steelmakers saw a sharp drop in profits in July-September as prices fell due to a slowdown in global demand, and export duties on some steel...

JSPL steel mill manager stoned to death

Motiram Pal was found dead on Monday morning. The police are considering the version of intentional murder. Since Pal was the logistics manager for...

China to halve ferroalloy production due to weak demand

Indian exporters of ferroalloys are preparing to take advantage of the reduction in production in China, which will receive additional opportunities...

POSCO Holdings and LG Energy Solution to jointly produce secondary batteries

POSCO Holdings and LG Energy Solution have strengthened cooperation in the production of secondary batteries. Both companies promised to expand...

Chinese aluminum producers will benefit from the stoppage of trading in Russian metals on the LME - Platts

Thanks to production cuts and the plans of the London Metal Exchange, aluminum prices in China have risen steadily, inventories are rapidly...

US imposes new restrictions on high-tech exports to China

The US authorities on Friday imposed new restrictions on the supply of advanced chips and semiconductor manufacturing equipment to China to prevent...

Tesla CEO Elon Musk Says Taiwan Should Become China's Special Administrative Zone

China views self-ruled Taiwan as a breakaway province that will eventually fall under Beijing's control. In September, Tesla set a new record for the...

China ramps up investment in transport to bolster economy

Since the beginning of this year, China has been actively expanding and upgrading its transport network to promote investment and stable economic...

China's leading industrial profits fall 2.1% in first 8 months

During the reporting period, only 16 out of 41 industrial sectors in China saw an increase in profits in annual terms....

Minister of Energy of Kazakhstan visited ArcelorMittal Temirtau

As part of a working visit to the Karaganda region, the Minister of Energy of the Republic of Kazakhstan Bolat Akchulakov visited CHPP-2 of the...

Coal production in China increased by 11% in January-August

In the first eight months, metallurgical coke production in China amounted to 318.22 million tons, which is 1.1% less than in the same period last...

China production cuts in winter will give limited boost to steel markets - Platts

The cuts to be implemented in the fourth quarter are unlikely to lead to large-scale cuts in steel production in China....

Islamabad receives $1.5 billion investment proposal for PSMC privatization

Inflation and declining foreign exchange reserves have brought Pakistan to the brink of economic collapse. The country's debt has risen to an...

Battery output in China rose significantly in August

Battery battery sales in China also doubled compared to August 2021 to 666,600 units, setting a new record....

Chinese scientists discover previously unknown mineral in lunar soil samples

The new mineral, dubbed the "Chang'e Stone", was the sixth new mineral discovered by mankind in the history of lunar exploration....

Nippon Steel raises steel prices to a record high for deliveries to Toyota plants

The automaker is Japan's largest steel buyer and its steel purchase prices are the benchmark for contracts in industries ranging from shipbuilding to...

China's Hainan Province to ban internal combustion engines by 2030

By 2025, state and municipal transport will be converted to new energy sources, and by 2030, all vehicles in the province....

Export of scrap metal from Japan in January-July decreased by 25.4%

During this period, South Korea was the largest importer of Japanese scrap, importing 1.89 million tons, up 8.3% year on year....

India is building a hydropower center with a capacity of 6,000 MW of electricity per year

Once the new energy projects come online, Jammu and Kashmir's demand for electricity will be greatly improved and the surplus energy will be exported....

Chinese Steel Sector Turned Into Profit and Ready for New Growth

Steel mill profitability, which was negative in July, is back in positive territory as S&P Global Commodity Insights reported Chinese steel...

Profit growth in Chinese automotive industry hits 80% in July

The profit growth in the automotive sector was made possible by the recovery of production and supply chains, as well as Beijing's policies to...

Ministry of Commerce: China will take necessary measures to protect the legitimate rights and interests of Chinese firms and institutions

China strongly opposes the actions of the United States, and calls on the United States to immediately stop their misguided practices....

Major mining company BHP is optimistic about China's economy

The world's second-largest economy will be a source of stability in the coming year and "maybe something much more" if real estate activity...

POSCO Expands Collaboration with Global Iron Ore Supplier Vale on Mild Steel Raw Materials

The South Korean steel giant is strengthening cooperative relationships with global raw material suppliers to strengthen its global competitiveness...

ArcelorMittal Temirtau signed a Memorandum to ensure industrial safety

The management of ArcelorMittal Temirtau and the Ministry of Emergency Situations of the Republic of Kazakhstan signed a Memorandum on mutual...

Elon Musk's Shanghai factory produces first million Tesla electric vehicles

In the first half of this year, the Tesla gigafactory in Shanghai produced almost 300,000 electric vehicles with a 95% localization share of the...

India prepares to lift export duties on steel

Industry experts are urging the Indian government to remove the levy as soon as possible as it increases uncertainty in the export market. They argue...

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