Global insight

Nippon Steel will cut production capacity by another 10% as demand is hit hard by the epidemic

Japan’s largest steelmaker Nippon Steel said on 5 March that it would cut capacity by another 10% as domestic demand fell and competition from china intensified.

Monday, March 8, 2021

On the development of iron and steel industry during the two sessions--the overall steel market will be better in 2021

China Economic Times: in 2020, the supply and demand of steel market will be relatively loose. How will the industry perform? What will be the trend in 2021? What are the main influencing factors?

Monday, March 8, 2021

UN: phase out all coal and coal power projects in the world

The gradual elimination of coal in the power industry is the most important step to achieve the temperature rise within 1.5 degrees Celsius,this means that by 2030, global coal consumption in power generation must be 80% lower than in 2010.

Monday, March 8, 2021

China to 'strengthen management' of strategic mineral resources, eyes green upgrade of steel

China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency.

Monday, March 8, 2021

NDI confirms northern Aus potential

Results from the first campaign of the National Drilling Initiative (NDI) confirm the mineral potential of a previously under-explored region of northern Australia.

Monday, March 8, 2021

Glencore Ferroalloys launches enterprise and supplier development hub

Glencore Ferroalloys is helping to redress South Africa’s historical socioeconomic inequalities by supporting local small, medium-sized and microenterprises (SMMEs) through the recent launch of its first Enterprise and Supplier Development (ESD) Hub, in Ruste...

Monday, March 8, 2021

U.S. crude steel production fell 7% year on year in the fourth week of February

According to the American Steel Association (AISI), the fourth week of February (as at 27 February 2021), the US crude steel production is estimated at 1.749 million short tons (1.5867 million tons), 7% lower than 1.88 million tons in the same period last year...

Monday, March 8, 2021

AM/NS India plans to invest $6.88 billion to build a steel plant

According to Reuters, the company will spend $6.88 billion to build a steel plant in eastern India’s Odisha under an agreement with ArcelorMittal Nippon Steel India.

Monday, March 8, 2021
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