Nickel’s fate hangs in balance as Indonesia considers early ban on exports

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 […]

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NMDC plans special purpose vehicles with state govts to set up steel plants

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, […]

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India slaps tariffs on welded stainless steel pipes/tubes from China, Vietnam

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 […]

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Eight core sectors’ output rises only 0.2% y/y in June 2019: Government of India

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 […]

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US adds India along with China, EU to steel tariff dispute at WTO

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 […]

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Global crude steel output up 5.4% yr-on-yr in May; China rose 10%, India 5.1% – worldsteel

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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 […]

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