Global insight

Brazil's Vale bullish on conditions in China

"China has been the largest market for Vale since 2006 and has become more and more important to Vale in recent years," Xie said.

Wednesday, February 24, 2021

Aveng hopes to build on first positive earnings since 2014 as restructuring nears end

Infrastructure and contract mining group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has been under way since 2017, has reported its first positive earnings since 2014, recording headline earnings of R109-million for the six m...

Wednesday, February 24, 2021

Indonesia’s Antam plans to increase nickel production in 2021, an increase of 77% year-on-year

Indonesia’s state-owned mining company PT Aneka Tambang (ANTAM) said in a statement on February 13 that it plans to increase nickel production to 8.44 million wet metric tons by 2021. This is 77% higher than the 2020 production of 4.76 million wet metric tons...

Tuesday, February 23, 2021

Additional shutdown of blast furnace of Nippon Steel

It is reported that Nippon Steel has determined the policy of closing a blast furnace at the iron and steel plant in Luzhai City, I baraki County.

Tuesday, February 23, 2021

UAE steel production over 2.7 million tons in 2020

According to the Declaration, on February 21, the World Iron and Steel Association data show that in 2020, the UAE crude steel production reached 2.722 million tons.

Tuesday, February 23, 2021

German crude steel production rebounded significantly in January

German Business Daily reported on February 19. According to the German Steel Economic Union,German crude steel production in January was 3.3 million tons, up 6% from a year earlier.

Tuesday, February 23, 2021

Japan’s scrap exports reached an 11-year high in 2020

According to the Ministry of Finance, driven by increased demand from Bangladesh, Vietnam and Taiwan, Japan’s exports of scrap steel rose 23% to 9.39 million tons in 2020, Which reached an 11-year high.

Tuesday, February 23, 2021

PIC now owns 15% of Exxaro’s shares

The State-owned Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15.13%.

Tuesday, February 23, 2021
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