JSW Steel has signed a memorandum of understanding (MoU) to conduct a feasibility study with JFE Steel Corporation, Japan to establish a grain oriented electrical steel sheet manufacturing and sales joint-venture company in India. The plan is to complete the study within the current 2021 fiscal year and take appropriate steps to set up this JV company […]
A Japanese-Australian venture has begun producing hydrogen from brown coal in a A$500 million ($387 million) test project that aims to show liquefied hydrogen can be produced and exported safely to Japan. Japan’s Kawasaki Heavy Industries (KHI) is running the pilot project with government financial support from both Japan and Australia in the state of […]
Asia’s appetite for bullion is being tested by a global disruption in logistics that is still ongoing despite easing lockdowns, Padraig J Seif, partner at Precious Metals Asia, a leading Hong Kong-based bullion supplier told Indo Asian Commodities. With flights across the region far below capacities prior to Covid, air cargo rates for the precious metal have shot […]
Courts in five countries including the US and the UK have given recognition to the arbitration award that asked India to return $ 1.4 billion to Cairn Energy plc – a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi decides not to pay. Cairn […]
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 […]
