India’s steel production declines by more than 10% in 2020, while China and Russia produced more steel than previous year: Worldsteel

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Bucking the global trend, China and Russia produced more steel in 2020 than in 2019. Among the top five nations, production declined in India, Japan and the United States by up to 17.2 per cent. Global crude steel production reached 1,864.0 million tonnes for the year 2020, down by 0.9 per cent compared to 2019. […]

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Global primary aluminum output in December 2020 rose by 4.22% year-on-year: IAI

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Global primary aluminum production grew to 5.67 million tonnes in December, up 4.22% year-on-year, accompanying continuing demand growth, the International Aluminium Institute  (IAI) reported. Average daily output during the month at 182,900 tonnes was nonetheless 0.33 per cent lower than in November 2020, IAI said. Primary aluminium is aluminium tapped from electrolytic cells or pots […]

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India’s guar seed exports declined in 2020; hoping for opportunities in 2021

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It has been a dismal story for Guar producers in 2020. Guar prices were already negative affected in 2019 by weak demand from global markets, and in 2020 the ongoing COVID-19 pandemic made the situation far worse for the Guar seed industry. Demand from the oil rig companies where usage of guar gum to extract oil is higher, halted. World markets had turned sluggish mainly because of a slump in demand […]

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Iran unveils its own oil tanker in a “Goodbye Party” for outgoing US president Trump

The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to build a tanker despite the U.S. sanctions imposed by President Donald Trump, Iran’s Fars News Agency reported. “The ceremony to unveil the oceangoing oil tanker developed […]

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