The World Bank Tribunal awarded nearly $ 6 billion to Tethyan Copper (TCC), a joint venture between Antofagasta and Barrick Gold Pakistan, thus...
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China to check closed steel mills
Officials in Beijing suspect that some of the metallurgical enterprises that have been liquidated continue to manufacture products and pollute the...
Agreement on duty-free delivery of Ukrainian pipes to the USA canceled
The United States canceled the Duty Suspension Agreement on US imports of oil and gas pipes originating from Ukraine and introduced a tariff of 7.47...
Trump will force officials to buy American steel
95 percent of the steel and pig iron used for US government projects will be provided by US firms...
Hurry to Buy: British Steel Bid Deadline Expires at Midnight
The official liquidator of Britain's second-largest steel company, which went bankrupt a month ago, hopes to sell the Scantrop plant and other...
China's economic growth slows down due to trade war with the United States
China's growth rate of 6.2 percent in the second quarter of this year was the lowest in nearly 30 years. The reason is the trade war with the...
Indian company invests $ 3 million in electric vehicles
A significant part of the company's products will be based on lithium ion technology, given its advantages, as well as government support....
China's steel production remains at a record high
Average daily steel production in China in June was about 2.92 million tons, up from 2.87 million tons in May....
Asia calculates losses from China-US trade war
Prices for metals and commodities in Asia began to decline steadily, sagging under the influence of trade restrictions resulting from rising...
How much should a citizen of Ukraine pay for electricity?
If the electricity market becomes a reality, then, according to the calculations of experts, the price of a kilowatt hour may triple for citizens....
KFC Indonesia Launches Steel Drinking Straw
Stainless steel drinking straws are marketed as an environmentally friendly substitute for plastic counterparts, but can be very dangerous to users....
Lookers British auto show fell 30 percent
British auto show Lookers spoke about its full-year profit on Friday, stating that trading was getting more difficult, leading to a 30% drop in the...
China plans to tighten emissions controls at steel mills
New measures by Chinese officials could affect more than 60 percent of the world's largest steelmaker's steel capacity....
Fitch sees big risks for Turkey due to the supply of Russian anti-aircraft systems
Fitch Ratings downgraded Turkey's long-term issuer default rating (IDR) to 'BB-' from 'BB' with a negative outlook due to...
Chinese imports of iron ore fell to three-year low
Data from China's General Customs Administration show that ore supplies to the PRC, disrupted at the beginning of the year after the disaster...
Japan and South Korea fell out completely
Japan threatens to exclude South Korea from the "white list" of countries with minimal trade restrictions, considering these measures...
Russia may again allow the re-operation of used pipes
The Ministry of Energy of the Russian Federation will try to lift the ban on waste products and allow their re-operation....
India intends to increase investment in the processing of ferrous scrap
Ferrous scrap is used as a raw material for steel production in electric arc and induction furnaces, which account for about 35-40 percent of total...
Protectionism fails to balance the steel market
The steel market can be characterized as generally unstable, since there is still a lot of uncertainty, and any event that is insignificant in a...
IDRO Signs Memorandum of Understanding to Increase Steel Production in Iran
Iranian steel production in 2018 was about 25 million tons and will grow to 45 million tons by 2022....
Germany doubled arms exports in the first half of 2019
Compared to the first half of 2018, Germany has more than doubled its arms exports - in total, contracts worth a total of 5.3 billion euros were...
American companies raised prices for the second time in a month
The largest steel producers in the United States announced a new increase in steel prices amid significant resistance in the market....
China plans to increase funding for the production of electric vehicles
The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....
European Commission downgrades euro area economic growth forecast for 2020
The European Commission has lowered its forecasts for economic growth for next year due to tensions in international trade and continuing mutual...
ArcelorMittal in South Africa plans to cut 2,000 jobs
The South African division of the world's largest steel company, ArcelorMittal, predicts a sharp drop in revenues in the first half of the year...
Global stainless steel production fell 2.5 percent in the first quarter
The USA showed the largest growth in stainless steel smelting, while in other regions of the planet there was a slight decline....
Chinese steelmakers will fail to reduce ore prices
Iron ore stocks in Chinese ports will remain low as Australian, Brazilian and inland Chinese miners are unlikely to increase production....
Indian KIOCL will sell iron ore pellets to Europe
The state-controlled Indian iron ore mining company KIOCL has signed initial agreements with international trading companies Glencore and Steel Mont...
Russia files a complaint with the WTO against US duties on hot rolled sheet
Russia will appeal to the WTO at once nine American trade restrictions. The measures under consideration, as the statement says, are inconsistent...
In both India and China, the steel industry is growing thanks to government support
Government stimulation of economic growth provides significant support to metallurgists in India and China....
