Chinese steelmakers have reduced overseas steel supplies due to increased domestic demand at the peak of seasonal consumption....
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South Korean metallurgists complain of growing environmental burden
South Korea's increasingly stringent environmental regulations are hampering the steel industry, which is already plagued by falling sales and...
France agrees to cut its stake in Renault to support Nissan deal
The French government welcomed the original merger plan, but replayed its line by insisting on a series of guarantees and concessions that...
Toyota forges contacts with Chinese battery manufacturers
The company predicts Toyota's demand for batteries for electric vehicles will grow approximately 20 times by 2025 compared to 2018....
Nyrstar announces force majeure at Port Pirie lead plant
Nyrstar ceased production at its lead and zinc plant in Port Pirie, Australia and declared force majeure, a Belgian steel company said Thursday....
US Uranium Mining Companies Support US Commerce Department Recommendations
Rare earth minerals are essential for the production of mobile phones and a variety of other consumer goods, as well as fighters. Uranium is mainly...
China's steel sector can only rely on the real estate sector
China's real estate sector appears to be the most resilient of any other economic sector today, fueled by financial incentives and supported by...
Voestalpine Cuts Dividend by One-Fifth Due to Slower Economic Growth
Problems in the metallurgical sector in Europe are growing: the largest metallurgical company in Austria announced a cut in dividends after falling...
Neometals promotes battery recycling strategy
Perth-based innovative materials company Neometals has come close to proving the technical and economic viability of a proprietary process for...
Indian mills raised steel prices in June
India's major integrated steel mills raised their domestic list prices for most steel products in June, although buying interest remains weak....
Stainless steel manufacturers in China stop production
Smelting and rolling stainless steel in China has become economically unprofitable....
The largest metallurgical company in China absorbed its smaller competitor
Baowu Steel Group acquired 51 percent of its rival Magang as part of the government's steel consolidation program....
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...
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...
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....
