India’s tea production, exports decline in 2018
India’s tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world’s biggest black tea …
Drought slashes estimated EU wheat production by 7.5 million tons
European Union wheat production for 2018/19 is estimated at 137.5 million metric tons (mmt), down 7.5 mmt or 5 percent from last month, down 14.2 mmt or 9 …
China, Germany agree to work on steel overcapacity within G20 – report
German Chancellor Angela Merkel and Chinese President Xi Jinping have discussed overcapacity in world steel markets and agreed to work on solutions within the …
Industry bigwigs make fast investment into electric mobility, as world shifts gears
Global bigwigs are making fast investment into electric mobility in India, supporting the government’s drive to shift towards renewable energy. Delta …
India’s oilmeal exports drop by 22 per cent in December 2017
India’s export of oilmeal, used primarily for animal feed, dropped by 22 per cent to 2.36 lakh tonnes in December 2017 from 3.01 lakh tonnes in the …
OECD welcomes outcome of global forum on steel excess capacity agreement
The OECD has welcomed the outcomes of the ministerial meeting of the Global Forum on Steel Excess Capacity, which was created by G20 Leaders, at their Hangzhou …
Tata Steel’s MoU for thyssenkrupp JV is “step in right direction”, says Fitch
Tata Steel Limited’s (TSL) memorandum of understanding with thyssenkrupp AG for a 50:50 joint venture in Europe paves the way for the Indian steelmaker …
Tata Steel and Thyssenkrupp sign deal to create Europe’s second-biggest steel player in a 50:50 joint venture
Tata Steel Limited and Thyssenkrupp AG have signed a Memorandum of Understanding (MoU) to create a leading European steel enterprise by combining the flat …
Germany brought back 674 tonnes of gold stashed abroad during Cold War
This might not have any immediate effect on world gold prices, but Germany has efficiently repatriated 674 tonnes of gold that was squirrelled away in New York …
Global steel output rises again, led by China – worldsteel
World crude steel production was 143.2 million tonnes (Mt) in July 2017, a 6.3% increase from the same month a year ago, as China’s output rose sharply …