Kazakhstan’s Qarmet has signed a number of agreements with Chinese companies The agreements, in particular, provide for the construction of a plant for the production of high-strength cast iron pipes Kazakhstan’s Qarmet (formerly ArcelorMittal Temirtau) and China’s Xinxing Duc...
Egypt investigates dumping of cold-rolled and coated steel products from Turkey and China The investigation was initiated by local steel producers Al-Obour Metal Industries and Kama Metal Coating and Processing The Egyptian Ministry of Investment and Foreign Trade has announced the launch ...
China's stainless steel exports up 19.75 percent in Jan-Sept In September this year, China's stainless steel imports amounted to 119,800 mt, down 20.39 percent month on month, while declining by 48.23 percent year on year, according to China's customs authoriti...
Brazil Iron plans investment in $5 billion iron ore project Brazil Iron Mineração Ltda, the Brazilian arm of UK based Brazil Iron Ltd, unveiled plans to invest $5 billion in an iron ore project in the northeastern state of Bahia. The project will be developed ...
Fortescue CEO: Australia may lose leader position in global iron ore market Dino Otranto, CEO of Australian iron ore miner Fortescue Metals Group, has stated during his speech at International Mining and Resources Conference (IMARC) in Sydney that Australia may lose its leade...
Rio Tinto and China's Nanjing Steel to collaborate on decarbonization Australia-based miner Rio Tinto is continuing to cooperate with other companies to decarbonize the steel value chain in the face of climate change. Accordingly, the company has signed a memorandum of ...
Japan's steel exports down 3.9 percent in January-September In September this year, Japan's iron and steel product exports amounted to 2.63 million metric tons, decreasing by 1.1 percent both month on month and year on year, according to the customs statistics...
Australia's Mineral Resources to power Onslow iron ore project with solar energy Mineral Resources Limited (MinRes), a leading Australian-based mining services and processing company, has announced the commencement of the construction of a new 3.8-megawatt solar station at its Ken...
China's Hisense Group to build largest refrigerator plant in Mexico after China with $250 million Hisense Group, a Chinese manufacturer of household appliances and electronic products, has a $250 million investment program in Mexico to expand its operations and turn Mexico into the largest produce...
Singapore's Green Esteel to acquire controlling stake in Malaysia's Southern Steel Singapore-based steel producer Green Esteel will buy a 50.1 percent stake in Malaysia-based Southern Steel for MYR 315.9 million ($72.13 million), according to a statement by Southern Steel. If the tr...
EU steel distributors face weak demand – EUROMETAL The sector has expectations for stabilization or a slight increase in prices Steel distributors in the EU are facing weak demand, but there has been a marked change in price expectations. This is evi...
EU increased steel exports to third countries by 6% y/y in January-July – EUROFER Exports of rolled products increased by 7% y/y, including flat products by 8% y/y, and long products by 6% y/y In January-July 2024, steel enterprises of the European Union increased steel exports (ro...
