Global steel demand is continuing to grow in the short term against a backdrop of great uncertainty as only a mild deceleration in global growth is now expected, World Steel Association Chairman Andre Gerdau Johannpeter said. “However, in the long term, global steel demand is moving into a low-growth zone as new megatrends shape the […]
Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores, the country’s trade minister said a day after nickel prices surged on speculation the Southeast Asian nation will halt shipments, Reuters reports. President Joko Widodo is gathering input from the Ministry of Energy and Mineral Resources about the […]
Going by the annual reports of the public sector mining major, National Mineral Development Corporation, NMDC will set up Special Purpose Vehicles (SPVs) with the governments of Jharkhand and Karnataka to set up steel factories. Its SPV in Jharkhand has already selected the site and applied for allocation of land, water and power. In Karnataka, […]
Steel Minister Dharmendra Pradhan Thursday held a meeting with officials to discuss a road map for developing a steel hub in Odisha. “Met with steel industry stakeholders and senior officials of the ministry to chart out a road map for setting up a steel hub in Odisha. The state of Odisha is amongst the richest […]
India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said. “The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as […]
Eight core sector industries recorded a slightly higher growth in June compared to the same month last year, according to a statement issued by the commerce and industry ministry. The core sectors include coal, fertilizers, electricity, steel, cement, petroleum refinery, natural gas and crude oil. As per the press release, the key industries registered 0.2 […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 159.0 million tonnes (Mt) in June 2019, a 4.6% increase compared to June 2018. World crude steel production was 925.1 Mt in the first six months of 2019, up by 4.9% compared to the same period in 2018, worldsteel […]
The United States has complained at the World Trade Organization about Indian tariffs imposed in response to US steel and aluminium tariffs last year. The dispute follows similar complaints against China, the European Union and others who retaliated in the same way, saying the US tariffs were essentially “safeguard” measures that should be accompanied with […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in May 2019, a 5.4% increase compared to May 2018. China’s crude steel production for May 2019 was 89.1 Mt, an increase of 10.0% compared to May 2018. the global body said in its latest […]
India’s steel ministry has sought an immediate increase in import duties on finished steel products to 15 per cent from a range of 7.5 per cent to 12.5 per cent, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by Reuters showed. The steel ministry has proposed the higher duties […]
