Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
According to the China Iron and Steel Association (CISA), the average daily crude steel output of large and medium-sized steel enterprises in China, which includes all CISA members, was 2.2092 million metric tonnes in mid-May (May 11–20) this year.
This represents a boost of 0.81% when compared to early May (May 1-10) of this year.
In early May, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.1915 million MT, down 0.36% compared to late April (April 21-30) this year.
Inventory levels of the large and medium-sized steel enterprises in China increased. As of May 20, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 16.8264 million MT, rising by 547,000 MT or 3.36% compared to May 10.
Also Read : China Hikes Tariffs on US Goods to 84% in Response to Trump's Moves China Plans Steel Output Cuts to Reshape Industry
Canadian investor Brookfield Asset Management is planning to partially monetise its clean energy ass...
Large Corporate 01-Feb-2024
India and Oman are on the brink of finalising a trade deal that would facilitate smoother access to...
Business 27-Feb-2024
As of February 2, 2024, there are 12,146 operational public EV charging stations across India. The M...
Press Releases 06-Feb-2024
According to an analysis by analysts led by Emma Jones, there might be an extra $102 to $190 per ton...
Ferrous 15-Feb-2024
JTL Industries has bought a controlling stake in Nabha Steels and Metals for an undisclosed sum. The...
Large Corporate 09-Apr-2024
Iron ore futures prices fell for the fourth week in a row, weighed down by seasonally weak steel dem...
Ferrous 26-Jun-2024