Ferrosilicon Daily Express 3.9

  • Monday, March 09, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]China's Jingye Group has confirmed it will buy and modernize the United Kingdom's beleaguered British Steel.

[Ferro-Alloys.comAccording to data of Commercial and Industrial Research Institute, the quantity of China steel exports decreased by degrees from 2015 to 2019. Through 2019, China exported a total of 64.29 million tons of steel, down by 7.3% vs. the same period in 2018.

China's Jingye Group has confirmed it will buy and modernize the United Kingdom's beleaguered British Steel.

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administration (NEA) said Wednesday.

It added “There is also a long-term aspiration to increase finished steel shipments to between 12 and 15 million tonnes tonnes through the addition of new iron and steelmaking assets, so that AMNS India can play an active role and fully benefit from the anticipated growth in the Indian steel industry.”

Swiss commodity trading group IMR Metallurgical Resources has proposed to set up a major steel plant in YSR Kadapa district in Andhra Pradesh by investing more than INR 12,000 crore. This was disclosed by the representatives of IMR Metallurgical who held discussions with chief minister YS Jagan Mohan Reddy. The IMR representatives said that they have entered into a deal with NMDC for supply of iron ore to the proposed steel unit in YSR Kadapa district. 

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  • [Editor:kangmingfei]

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