The recent curbs on steel making by the local government in one of China’s largest steel-producing cities, Tangshan, may have a cascading effect on steel procurement & demand, as well on iron ore supplies, some experts believe. The Tangshan restrictions are in effect from March 20 to Dec. 31, 2021. Among other things, the restrictions […]
Sohrab Darabshaw
ArcelorMittal Nippon Steel to build new steel plant for nearly $7 billion
ArcelorMittal Nippon Steel India Ltd (AM/NS) signed an agreement with the provincial government of Odisha in eastern India to build a US $6.88 billion steel mill. The proposed plant is a joint venture between ArcelorMittal and Nippon Steel, and will have a production capacity of 12 million tons per year. ArcelorMittal had to drop its […]
Japan’s steel sector faces numerous challenges, from COVID-19 to global overcapacity
Japan’s steel sector is facing tumultuous times. But, in the short term, there are initial signs of it pulling through in 2021. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report. Pandemic impacts on Japan’s steel sector The COVID-19 pandemic contributed to […]
Japan’s Kosei taps Rusal for new aluminum supply deal
One of the world’s leading producers of low-carbon aluminum, UC Rusal, announced a new collaboration with Japanese automotive component manufacturer Kosei, signifying yet another step in its over 30-year journey. Last week, the Russian aluminum giant Rusal said Kosei had selected it to be its global supplier of high-quality aluminum alloys. Does your company have […]
Nickel Supply Chain Could be Strengthened by EV Makers
Electric vehicle manufacturers are wooing Indonesia to create a nickel-based battery supply chain in that country. Elon Musk’s Tesla and China’s Contemporary Amperex Technology, otherwise known as CATL, and South Korea’s LG Chem are in the fray. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top […]
India proposes to reduce duties on steel, stainless steel products
A budgetary proposal by the Indian government to reduce steel duties has divided the Indian steel sector. India proposes reduction in steel duties In her 2021 budget speech presented in parliament earlier in the week, Finance Minister Nirmala Sitharaman proposed reducing customs duty on imports of semi-flat steel. She proposed cutting the duy for the […]
How will Biden administration impact US-India trade relations, metals tariffs?
It is too early to talk of the direction US-India relations will take under US President Joe Biden’s administration. But Indian trade circles are keeping a close eye on trade-related developments with a hopeful eye. Hopes for better US-India relations Much of the hope for better US-India relations focuses on the desire that the US […]
French firm Total to acquire 20% stake in Adani Green Energy
In the third partnership of its kind between Total SE and the Adani Group, Total will take a 20% stake in renewable power company Adani Green Energy Ltd (AGEL) — the world’s largest solar developer — by way of acquiring shares held by the promoter group. Last year, we reported on Adani Green Energy’s announcement […]
India reports finding of 1,600-ton lithium deposit
An Indian agency has reported evidence that shows the presence of a lithium deposit of about 1,600 tons in the southern province of Karnataka. It may be a small find. Still, it is important, especially with the world moving away from fossil-fueled vehicles to electric vehicles. Lithium deposit in India Initial surveys by the Atomic […]
Tensions simmer between China, Australia over coking coal import ban
Nobody yet is quite sure whether Australia and China’s spat over coking coal imports will eventually turn out to be a case of bad politics making good economics or bad economic sense making for good politics. While politics between China and Australia is part of the reason for the former to have completely banned the […]
