China's steel mills miscalculated in their efforts to increase capacity. The demand for metal in this country has significantly decreased due to a...
Asia
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....