India’s power consumption dips by 2% to 72 million units; crisis not yet over

Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the data, the power consumption of 3,900 MU on Friday or October 8 was […]

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Global steel industry associations urge governments to address excess steel capacity

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Steel industry associations in the Americas, Europe, Asia and Africa have renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC). Steel industries throughout the world expressed tremendous concern about the recent increase in steel overcapacity at a time when steel demand is severely […]

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China says meets 29 percent of 2016 coal capacity cut target in first six months

China’s local governments and state-owned firms have met 29 percent of the 2016 coal overcapacity reduction target in the first six months, with some regions still yet to take concrete action, the official Xinhua news agency said. Seventeen provincial-level governments and some of the country’s largest state-owned companies have jointly cut 72.27 million tons in […]

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