Capital investments by corporates and government could be delayed for some time, given dwindling corporate earnings and tax collections on account of the Covid-19 pandemic, says credit analyst ICRA. This…
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Asia
Thailand extends AD duty on Chinese high carbon steel wire rods for another 5 years
According to the final ruling of the first anti-dumping (AD) sunset review on high carbon steel wire rods from China, Thailand decided to extend the AD duty for another 5…
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The world’s largest beam blank ever prodused
Masteel, in Anhui province, China, was the first steelmaker to produce the BB7 beam-blank section, 1,300 mm wide, with 510 mm tall flanges and 140 mm web, weighing almost 2.7…
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Tokyo Steel roll over steel list prices for June sales
Tokyo Steel Manufacturing, Japan’s leading electric-arc-furnace mill, will keep its finished steel prices for June sales unchanged, the company announced on May 18, saying it will continue to closely monitor…
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Chonggang restarts No.1 blast furnace
Chongqing Iron & Steel (Chonggang) restarted its No.1 2,500-cubic-metre blast furnace on 18 May following refurbishment. Read more at Chonggang restarts No.1 blast furnace.
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NMDC cuts iron ore prices for the second straight month in May
India’s largest iron ore miner cut prices of the raw material for steel-making to the lowest in at least a year as demand fell amid the new coronavirus pandemic. Read…
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US keeps AD duties on hot-rolled carbon steel flat products from China
The US Department of Commerce (USDOC) kept the anti-dumping duty rates on certain hot-rolled carbon steel flat products (hot-rolled steel) from China since the USDOC determined that all companies subject…
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Second copper cold rolling mill SMS group started operation at Jintian Ningbo Copper
SMS group has commissioned another new copper cold rolling mill at the Chinese copper manufacturer Jintian Ningbo Copper Co., Ltd. in the Chinese province of Jiangsu. The plant is designed…
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Hoa Phat output falls, but exports rise
Vietnamese steel major Hoa Phat Group has seen its billet and construction steel exports surge in April, while its production has been curtailed. The coronavirus has imposed restrictions on production,…
Read MoreAnyang to reduce the number of steel companies
According to documents from the Anyang Municipal Government in Henan, 11 steel companies in the Chinese city will be consolidated into four in 2020, with the proportion of special steel…
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