China’s grain output has exceeded 650 million metric tonnes for six consecutive years and the country has basically achieved self-sufficiency in terms of grain seeds, political adviser Wan Jianmin said during an interview to chinadaily.com.cn before the opening of the fourth session of the 13th National Committee of the Chinese People’s Political Consultative Conference that will […]
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year. This has helped support global oil demand despite lockdowns in parts of China and many major European economies. China’s oil imports are estimated to have jumped by more than 32 […]
Asian LNG (liquefied natural gas) prices have hit record highs due to supply glitches, transportation bottlenecks and soaring demand for heating due to a cold snap, according to S&P Global Platts data. Benchmark LNG prices, the S&P Global Platts JKM, was assessed at $32.494/MMBtu on Jan 12, which is the highest since it was launched […]
The government of India is likely to impose anti-dumping duty for five years on certain type of steel products from few countries, including Japan and Korea, to guard domestic players from cheap imports on recommendation from the Commerce Ministry. According to a notification by the ministry’s investigation arm DGTR, the duty “is recommended to be imposed for […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.3 million tonnes (Mt) in November 2020, a 6.6% increase compared to November 2019, the global industry body said, adding that many of this month’s figures are estimates that may be revised with next month’s production update. In Asia, […]
Soon after raising hot-rolled coil (HRC) prices by Rs 3,000 a tonne on 2 December, India’s domestic steelmakers have raised their benchmark product’s price by another Rs 2,200 per tonne. This price hike is effective from 9 December. A second hike during the month, on the back of buoyant domestic demand, was largely anticipated since […]
Japan has allowed import of giant tiger prawns from India. It has completely lifted inspection of Indian ‘Black Tiger’ shrimps after export consignments of this delectable prawn variety were found totally free from any residue of synthetic anti-bacterial drug furazolidone, state-run Marine Products Export Development Authority (MPEDA) said. Black Tiger shrimp, commonly known as the […]
Nippon Steel, Japan’s largest integrated mill, has restarted a banked blast furnace located in the Kimitsu Area of its East Nippon Works in Chiba prefecture, near Tokyo, to respond to improving steel demand from consumers, especially auto makers. The restart was completed on the afternoon of November 24 as scheduled, and furnace operations are expected […]
The World Steel Association (worldsteel) said global crude steel production for the 64 countries reporting to it was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019. In Asia, China produced 92.2 Mt of crude steel in October 2020, an increase of 12.7% compared to the same month last year […]
To counter China’s dominance in world trade, India, Japan and Australia are planning to increase the scope of their proposed supply-chain partnership to include more like-minded countries in the Indo-Pacific region. In September this year, trade ministers of India, Japan and Australia had decided to launch an initiative later this year to achieve supply-chain efficiency […]
