Global insight

European Parliament ENVI committee vote on Carbon Border Adjustment Mechanism would puncture carbon leakage protection

On 5 February the European Parliament’s environment committee (ENVI) voted on the Carbon Border Adjustment Mechanism (CBAM) with 58 votes for, 8 against and 10 abstentions.

Wednesday, February 24, 2021

2020 Brazilian steel industry situation

Economic Value News of Brazil reported on February 22, according to figures released by the Brazilian Steel Industry Association (IABR) on Monday, Brazilian steel production in 2020 was 30.97 million tons, down 4.9% from a year earlier.

Wednesday, February 24, 2021

India speeds up the development of mines in Orissa to ease iron ore shortages

Two new iron mines have been put into production in the Indian state of Orissa to help ease the country's iron ore shortage.

Wednesday, February 24, 2021

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
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