Asia

Strong Chinese participation in Aluminium Middle East 2015

The fourth edition of the biennial Aluminium Middle East, running until April 16 at the Dubai International Convention and Exhibition Centre (DICEC), has attracted the strong presence of Chinese companies who are eager to strengthen their relations with the Middle East which is among the fastest growing economic regions in ...

Read More »

Japan says April-June crude steel output to fall to 6-yr low

  Reuters – Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years, the Ministry of Economy, Trade and Industry (METI) said on Thursday. The fall would mark the latest in a series of signs ...

Read More »

Tata Steel’s Canadian Joint Venture Acquires Howse Iron Ore Deposit

  NDTV – Tata Steel today said its joint venture Tata Steel Minerals Canada has acquired the remaining 49 per cent stake in the Howse iron ore deposit in Canada for close to Rs 25 crore. Tata Steel Minerals Canada Limited (TSMC), through its subsidiary Howse Minerals Limited today acquired the ...

Read More »

JAA: Japan aluminium product demand seen rising 1.8 pct in 15/16

  Reuters – Japan’s aluminium product demand, including for exports, is expected to grow 1.8 percent in the financial year starting April 1, backed by rising demand for cans for coffee beverages and a rebound in construction market, an industry body said. “Japanese economy is improving thanks to ‘Abenomics’ while ...

Read More »

China to cut 80 mt of steel capacity over 2015-17

Reuters – China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said on Saturday. Speaking at an industry forum, Luo Tiejun ...

Read More »

China’s iron ore stocks dwindle as price fall scares off buyers

Reuters – Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. They look set to fall further as a protracted price slump drives away buyers. Inventories of the steelmaking raw ...

Read More »

EUROFER welcomes EU anti-dumping measures against imports of SSCR from China and Taiwan

  EUROFER – The European Commission has imposed provisional anti-dumping duties of up to 25,2 % on stainless steel cold rolled flat products (SSCR) imports from PR China and up to 12,0 % on imports from Taiwan, following the complaint which was filed by EUROFER in May 2014.The Commission’s investigations ...

Read More »

India: Mesco Steel, Posco in pact to set up finex furnace in Odisha

EconomicTimes – India's Mesco Steel has signed an initial agreement with Posco to set up a plant that would use the South Korean steelmaker's finexBSE 0.00 % technology to make steel.  The plant would come up at Mesco's facility at Jajpur in Odisha. This will help the local company venture ...

Read More »

Chinese rebar futures extend gains as steel mills cut output

    Reuters – Chinese rebar futures rose to their highest level in nearly three weeks on Tuesday as tougher environmental checks forced some steel mills to curb production just when demand in the world's top consumer is expected to start picking up. Some steel mills in the northern Chinese ...

Read More »

Citigroup: Iron Ore Will Breach $50 on China Demand

  Bloomberg – Iron ore will slump below $50 a metric ton as steel demand in China, the world’s largest producer of the alloy, remains fundamentally weak and mining companies’ costs extend declines, according to Citigroup Inc. Chinese steel demand shrank in January and February from a year earlier, the ...

Read More »