Baowu Steel Group acquired 51 percent of its rival Magang as part of the government's steel consolidation program....
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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,...
In Kamchatka, a bear tore an employee of a gold mining company
Investigators in Kamchatka are conducting an investigation into the death of an employee of the largest gold mining enterprise in the region, who...
American swing: why are US Steel shares falling?
One month has passed since the last earnings report for United States Steel (X). The US steel industry leader lost about 15.2 percent over the...
Global auto industry plans to counter Trump's new Mexican tariffs
The new tariffs of the President of the United States against Mexiscan goods will result in losses to suppliers and buyers of auto parts in the...
China raises duties on American goods by $ 60 billion
In response to Washington's increased tariffs on Chinese goods, Beijing has taken similar action and increased tariffs on US products totaling $ 60...
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....
NLMK takes a wait-and-see position in the US market
A wait-and-see attitude is now the most correct, especially given the strong market volatility due to the trade war between the United States and...
Panic is brewing in the United States over possible restrictions on Chinese imports of rare earth metals
17 rare earth metals are critical to the production of all high-tech equipment, from aircraft to satellites. And the United States is 80 percent...
Australian Companies Benefit from Rising China-US Tensions
New rare earth mining projects could benefit from tensions in Sino-US relations....
Namibia agrees to sell uranium stake in Rio to China
Namibia has no objection to Rio Tinto selling its stake in the uranium mine to China, subject to the country's laws....
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....
ArcelorMittal prepares to further cut steel production in Europe
The largest steel company in the world notes the weakness of the European steel market and the worsening economic situation in the EU heavy...
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...
Rio Tinto Capitalization Reaches Record Level Amid Rising Ore Prices
Iron ore prices have strengthened steadily in 2019 as concerns over the supply of raw steel proved to be stronger than the persistent trade tensions...
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....
Steel production in CIS countries in April 2019 decreased by 3.7 percent
According to the World Steel Association Worldsteel, steel smelting in the CIS in April 2019. amounted to 8.203 million tons....
Severstal believes that VTB Capital's forecast for the Russian market has become twice as high
Alexander Shevelev, General Director of the Russian metallurgical company PJSC Severstal, said that VTB Capital's forecast for metal consumption,...
Vedanta CEO is open to dialogue with Zambia
The statement says Zambia is abusing corporate law by calling for the liquidation of the KSM on the basis of some equity rather than insolvency....
Quantum Theater staged Shakespeare's greatest tragedy "King Lear" on the ruins of an American steelworks
King Lear continues Quantum's long-standing tradition of reimagining the classics in never-before-seen ways, setting Shakespeare's greatest tragedy...
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),...
Renault, Nissan and Mitsubishi may discuss their merger in the future
Automakers Renault, Nissan and Mitsubishi may discuss a merger later in the future, French automaker CEO Jean-Dominique Senard said Saturday....
Will the UK government interfere with British Steel?
Many UK taxpayers believe the government could do more within the existing EU rules. However, the Prime Minister's resignation could prevent the...
Why Credit Suisse downgraded AK Steel by two notches at once
This week, shares of American steel companies were in the "red zone", reflecting the uncertainty of investors in the prosperous...
Brazilian Vale and China CCCC jointly invest in steel plant
State-owned China Communications Construction Co (CCCC) and miner Vale SA have agreed to set up a $ 450 million steel mill in Brazil's northern...
