[Industry news] KIOCL slams Assocham demand on imposing duty on pellet exports2013-12-24
2013-12-23
Economic Times reported that state owned pellet manufacturer KIOCL slammed industry body Assocham for proposing imposition of export duty on the value added product of iron ore, terming the claim that it would improve availability as baseless and incorrect.
[Industry news] Chinese steel price stabilize on production fall and dipping inventory2013-12-18
2013-12-18
Chinese steel mills are whimpering under the recent fait accompli of local governments to cut down on power consumption during December by 50% to reduce pollution. Impacting the steel hubs of Hebei production has suffered in November is likely maintain downtrend in December as well.
[Industry news] Slashing capacity in China 'prime task' for 2014 - CEWC2013-12-17
2013-12-16
China Daily reported that tackling excess capacity will be one of the top tasks on China's economic agenda in 2014, as the issue becomes a major challenge to maintaining the pace and quality of economic growth.
[Industry news] Severstal initiates AD investigation into Ukrainian wire rod imports2013-12-12
2013-12-12
The Domestic Market Protection Department of the Eurasian Economic Commission has announced the start of an anti-dumping investigation after an application was filed by OAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, and other Russian manufacturers. The inquiry relates to the dumping of wire rods manufactured in Ukraine and imported to the single customs territory of the Customs Union.
[Industry news] Japanese steelmakers aim for high end exports in Southeast Asia2013-12-05
2013-12-05
Jiji Press reported that Japanese steelmakers are expanding into high end product markets in Southeast Asia in an effort to survive fierce competition with Chinese and South Korean rivals.
The supply of ordinary steel products exceeds demand among the member economies of the Association of Southeast Asian Nations due to a massive inflow of surplus products from China, where local steelmakers have been boosting output beyond domestic consumption capacity.
[Industry news] CBI inspect Congress MLA Mr Lad's mining area in Karnataka2013-12-03
2013-12-02
Deccan Chronicle reported that a CBI team inspected the mining area and stockyard of a company in the district of which ruling Congress MLA Mr Anil Lad is a partner, in connection with the alleged scam of exporting iron ore illegally from Belikere port.
[Industry news] Three Cities in Hebei began to shut down BF2013-11-29
2013-11-29
It is reported that Tangshan, Handan and Chengde in China’s leading steel province Hebei began to tear down 10 blast furnaces and 16 converters of 8 steelmakers, leading the trend of dissolving overcapacity, which has drawn the attention from all walks of life in a short time.
[Industry news] Republic Steel produces first heat at New Lorain EAF2013-11-27
2013-11-27
Republic Steel, the nation's leading provider of special bar quality (SBQ) steel, announced it has initiated hot commissioning of its new electric arc furnace (EAF) in Lorain.
[Industry news] CSC automotive production volumes are expanding in India2013-11-26
2013-11-26
Automotive production volumes are expanding in India. Pune has become an automotive hub where many automotive manufacturers reside. It is estimated that the total capacity of automotive manufacturers in Pune will reach 1.5 million units by 2015.