China plans to cut on-grid power tariffs to reflect a fall in coal prices, a move that may put more pressure on power generation companies, a newspaper said Aug 7th.

The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.

South Korean steel giant Posco announced to cut its domestic prices for austenitic stainless coils by 100,000 won/ton for August due to weak market conditions during summer holiday, in spite of higher nickel prices.

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million tonnes (Mt) in June 2014, an increase of 3.1% compared to June 2013.

China’s announcement that rare earths export quotas for the second half of 2014 are the same as 2013, show the country’s reluctance to comply with WTO’s ruling. However, the moderate increase in quotas compared to H1 2014 suggests a slowly reviving demand i...

The International Trade Administration (ITA) of the U.S. Department of Commerce (DOC) said Jul 11th that it has issued a final decision to impose anti-dumping duties on oil pipe exporters from Taiwan and other countries in Asia, Europe and the Middle East.

China will start levying tariffs on some imported steel products, which are re-exported after processing, from July 31 as part of efforts to tackle overcapacity in the country's bloated steel industry, the finance ministry said on Jul 11th.

It is reported that ArcelorMittal is mulling to make an offer for Italy's second largest steel producer Lucchini, according to Italian union CGIL FIOM.