BBVA: Manufacturing production in Mexico will gradually recover in 2025 The weakness in Mexico's manufacturing industry, which contributes 20 percent of Mexico's GDP ($1.86 trillion), will extend to the second half of the year and will last until next year, predicted the ...
Ouyeel Lianjin puts scrap processing line into operation Leading Chinese steelmaker Baowu Group's scrap metal subsidiary, Shanghai-headquartered Ouyeel Lianjin Renewable Resources (Ouyeel Lianjin), has announced that it has put into operation a new scrap st...
Japan's Sumitomo Corp to contribute to offshore wind power generation in Europe Japan-based electric services company Sumitomo Corporation has announced that it will buy a stake in Germany-based EEW Offshore Wind EU Holding (EEW), which specializes in monopiles or large diameter ...
Australia's Cokal to produce PCI coal at BBM mine Australian miner Cokal has announced that its Indonesian subsidiary PT Bumi Barito Mineral has signed a binding term-sheet agreement with Indonesian coal mine developer PT. Cipta Bersama Indonesia (CB...
Japan's Mitsui to begin electrical steel sheet production in Poland Japan-based Mitsui & Co., Ltd. has announced that it will invest about JPY 3.4 billion ($23.22 million) to establish Polska-Mit Steel (PMS) in Poland, a new electrical steel sheet processing company, ...
Voestalpine to meet demand from truck manufacturers with new investment in US Austrian steelmaker Voestalpine AG has announced that its metal forming division, which specializes in high-tech special tubes and sections production, has inked long-term supply contracts with two gl...
Thyssenkrupp and BlueScope partner on carbon-neutral steel production German steelmaker Thyssenkrupp Steel has announced that it is cooperating with Australian steelmaker BlueScope Steel to scal up research activities for carbon-neutral steel production. The focus of th...
US rig count decreases week-on-week while Canadian rig count stays the same Baker Hughes has reported that for the week ending on August 16, 2024, the US rotary rig count decreased by two to 586. The number of rigs drilling for gas increased by one to 98, while the number of ...
US issues preliminary AD decision on stainless steel sheet and strip from Taiwan The US Department of Commerce (DOC) has announced the preliminary results of its administrative reviews of the antidumping duty orders on stainless steel sheet and strip in coils from Taiwan. During t...
Malaysia launches AD probe on flat steel from four countries The Malaysian Ministry of International Trade and Industry (MITI) has announced that has initiated an antidumping investigation into imports of flat rolled products of iron or non-alloy steel from Chi...
Miners warn of danger of prohibiting open pit mining in Mexico The Chamber of Mining of Mexico (Camimex), which brings together the main companies in the country's mining-metallurgy industry, warned of the negative impact on the Mexican economy if Congress prohib...
Germany's GMH Gruppe acquires local scrap recycler Germany-based GMH Gruppe, which is operating in the fields of scrap recycling, steel production and processing, forging and casting, has announced that it has acquired ALBA Metall Saar GmbH, a domesti...
