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 […]
China’s stainless steel production is expected to rise by 2.1% this year to more than 30 million tonnes amid robust demand for the corrosion-resistant metal. Apparent stainless steel consumption in China, the biggest market, is set to rise by 6.4% to 25.5 million tonnes this year, according to the Stainless Steel Council of China Special […]
Global seaborne thermal coal market has grown strongly in recent years, doubling in volume between 2006 and 2019, from 500 million tonnes to 1,000 million tonnes. The market’s average growth was almost 40 million tommes per annum, or around eight times the average annual output of an Australian thermal coal mine. Recent analysis by Commodity […]
Last week’s news that within this year, China could release long-awaited national guidelines relating to steel scrap standards – and the possibility that this may see present restrictions on scrap imports being eased – attracted great attention in Japan, though the feeling is rather mixed from sellers and buyers. Trading sources in Tokyo welcomed the […]
The government said there has been no change in the export policy of iron ore pellets not manufactured by Kudremukh Iron Ore Company Ltd, rebutting charges levelled by the Congress that Rs 40,000 crore worth of the product was exported in violation of rules by some private players, causing loss to the state exchequer. The […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.2 million tonnes (Mt) in August 2020, a 0.6% increase compared to August 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update. China produced 94.8 […]
Domestic hot-rolled coil prices have gone up by Rs 4,000 a tonne on the back of buoyant international prices and gradual improvement in domestic demand conditions. Seaborne coking coal prices have fallen to about $106 a tonne by August-end from $163 in March due to sharp dip by major importing countries such as Japan, European […]
Adani Green Energy Ltd (AGEL) said Mercom Capital has ranked it as the world’s largest solar power generation asset owner in terms of operating, under-construction and awarded projects. AGEL’s under-construction and awarded capacity stands at 10.1 GW, while its operational capacity is nearly 3 GW. In the Mercom Capital report, Adani Green is followed by Hong […]
