JSW Steel to conduct feasibility study for a joint venture with JFE Steel Corp, Japan

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 […]

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“Asia’s bullion supplies snagged by logistics”

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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 […]

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Self sufficiency ‘achieved’ in grain seeds: China

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 […]

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India likely to impose anti-dumping duty on certain kind of steel imports from few countries

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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 […]

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Global crude steel output up 6.6% in Nov to 158.3 million tonnes; China up 8%, India 3.5% – Worldsteel

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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, […]

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