Global insight

Global stainless steel consumption will increase by 11% in 2021

Markus Moll, managing director of Austria's SMR steel and metal market research company, said at a seminar organized by bir that the global market share of 300 series stainless steel will increase from 54.1% in 2019 to 59.3% by 2030, which means that nickel an...

Friday, January 15, 2021

An earthquake of magnitude 6.2 struck Indonesia's Sulawesi island, which accounts for 80% of Indonesia's nickel resources

The epicenter of the earthquake is located at 3.005 degrees south latitude ,118.924 degrees east longitude, magnitude 6.2, focal depth of 18.4 km.

Friday, January 15, 2021

Russia may impose export tariffs on some steel products

Recently, the Russian Federation of National Housing Builders complained to Russian Deputy Prime Minister Husnulin that Russian metal prices soared and steel prices rose 40 percent within a month.

Friday, January 15, 2021

The EU has asked the WTO to make decision on restrictions on Indonesia's nickel exports

According to foreign media January 14 news: the European Union on Thursday asked the World Trade Organization (WTO) to set up a group on Indonesia's nickel export restrictions.

Friday, January 15, 2021

Assmang, South Africa declared Force Majeure on the Supply of Ferromanganese

A South African producer of manganese ore and alloys Assmang declared the production of medium-carbon ferromanganese alloys to be subject to force Majeure and to affect the long-term contract execution of the company.

Friday, January 15, 2021

Vietnam's building materials market forecast to be robust in 2021

There were increases in demand for building materials this year, Pham Van Bac, Director of the ministry’s Department of Building Materials said.

Friday, January 15, 2021

Hoa Phat Group’s steel output surpasses 5 million tonnes for first time

The steel output of Hoa Phat Group, Vietnam’s leading steel producer, exceeded the 5-million-tonne benchmark for the first time in 2020.

Friday, January 15, 2021

Japan's ferrous scrap exports slow in November

Japan's ferrous scrap exports in November slowed from a 2020 high in October as a surge in domestic scrap prices reduced supply available for export.

Friday, January 15, 2021
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