industry news
    Conflicts between new industries and conventional industries Gulf Times reported that Bloomberg Commodity Index slumped by the most since March last week as selling hit all sectors, particularly the twin bellwethers of energy and industrial metals. Only three out of 30 commodities tracked in the table below managed a positive return. The agriculture sub-index fared […]   Read More >>
    2018 China stainless steel outlook According to the report by the Metallurgical Industry Planning and Research Institute, the growth of China”s steel industry would slow down in 2018, and the output of crude steel was estimated at 838 million tons. Although it was still going to keep the capacity, it has benefited from the over-expected […]   Read More >>
    On November 28, the Guangzhou Leading Group for Party Conduct and Clean and Honest Administration issued “Notice on Implementation of Prohibition of Alcohol Control and Alcohol Control” (hereinafter referred to as the “NOTICE”). Issued by the Leading Group Office of Party Conduct and Clean and Honest Administration in Guangzhou to all levels of the city. […]   Read More >>
    Reuters reported that Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, said on Monday it would raise its product prices in December by up to 4.8 percent due to tight market conditions at home and abroad. The company will boost prices of all its products in December by JPY 3,000 (USD 26.8) per […]   Read More >>
    Jindal Stainless to focus on specialty sector for stainless steel Business Standard reported that as part of its expansion strategy, Jindal Stainless is planning to enter the unconventional areas of steel use — defence, nuclear, aerospace and long products. The company wants to enter high-margin segments with the available capacity. Currently, it has a production capacity of 1.6-1.8 million tonne with a market share […]   Read More >>
    Cooperation Between Posco And Chongqing Iron And Steel Co. It is reported that Posco announced to withdraw the cold rolled and coated steel plate co-operation in Chongqing, China, was eventually disbanded and was expected to be negotiated in November. In September 2013, Posco has signed the cold rolling and coating business cooperation Letter of Intent (MOU) with […]   Read More >>