China’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year low, underscoring dramatically different…
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Steel
OCBC invests in low-carbon steel in Malaysia’s Sabah
The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated low-carbon steel plant OCBC’s mezzanine capital unit has…
Tata Steel calls for extension of import tariffs on some steel products to India
India’s Tata Steel hopes the government will extend import tariffs on some steel products to guard against the threat of imports, particularly from China, chief executive TV Narendran told…
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months Japan’s major trading houses are facing a…
Nippon Steel excludes US Steel from profit guidance on ‘significant’ market challenges
The exclusion is attributed to current US steel market conditions, cost rises and heightened uncertainty in the US market Nippon Steel, Japan’s biggest steelmaker, said it expects to…
EU plans tariffs of 25 to 50% on Chinese steel and related products, Handelsblatt reports
The European Commission plans to impose tariffs of 25 to 50 per cent on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported citing senior…
US Steel approves US$300 million tranche of Nippon Steel spending
UNITED States Steel approved a US$300 million investment to upgrade some of its facilities, advancing part of an US$11 billion commitment by Nippon Steel after its takeover of the storied…
China’s steel work plan vows to ban new capacity, promote demand
Beijing has been expected to lay out its plans for the world’s biggest steel industry since promising to cut output at its annual policy meeting in March China will ban new steel capacity…
‘Steel Ball Run JoJo’ Anime Unveiled for Netflix Japan 10th Anniversary Alongside Cannes Winner Yakusho Koji Comedy
The highly anticipated anime adaptation “Steel Ball Run JoJo’s Bizarre Adventure” is coming to Netflix worldwide as part of three series unveiled to mark the streaming platform’s 10th…
China’s Baosteel in discussions on steel investments from Asia to Africa
Beijing is also facing anti-dumping duties from a number of countries as they seek to keep out cheaper Chinese supplies after domestic use declined due to a prolonged property slump …
China’s exports of semi-finished steel surge by more than 300%
China has more than quadrupled its exports of steel in semi-finished form so far this year, adding to an unprecedented flood of the metal even after a wave of trade actions. Semi-finished…
US hikes steel, aluminium tariffs on imported appliances, railcars, EV parts
The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers…
Chinese steel and coal output drop as supply pressures mount
Chinese steel and coal output fell in July, as bad weather affected operations and the government’s efforts to rein in overcapacity intensified. Both industries are in the crosshairs of…
Japan starts anti-dumping probe into Chinese, South Korean steel goods
The decision follows an application in April by four firms, including Nippon Steel and Kobe Steel Japan will begin an anti-dumping probe into some Chinese and South Korean steel…
Explosions at US Steel plant leaves two dead, 10 injured
MULTIPLE explosions on Monday at a US Steel plant near Pittsburgh killed two people and injured 10 others, according to the company and local authorities. The blasts at the Clairton Coke…
U.S. Steel plant explosion in Pennsylvania injures dozens and traps some people under rubble
An explosion at a U.S. Steel plant near Pittsburgh left dozens injured or trapped under the rubble Monday, with emergency workers on site trying to rescue them, officials said. There are…
Japan’s steel output may sink to lowest since 1968 as US tariff risks loom
Kobe Steel, Japan’s No 3 steelmaker, on Thursday (Aug 7) reported a 3 per cent fall in quarterly crude steel output due to lower prices and the potential impact of US tariffs on car…
Britain says EU is removing tariffs on steel under quota
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers. In…
Chinese steel profits recover as Beijing targets overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to…
‘Superman’ Star Edi Gathegi on Working Out With the Man of Steel and Why Mister Terrific’s Credits Scene Feels Like a ‘Promise’ For His DC Future
SPOILER ALERT: This story discusses major plot developments in “Superman,” currently playing in theaters. The first time Edi Gathegi (“Twilight,” “For All Mankind”) learned about Mister…
Malaysia keeps anti-dumping duties on some Chinese, Japanese iron, steel
Malaysia said on Saturday (Jun 21) it would maintain anti-dumping duties on imports of Chinese and Japanese cold rolled coils of iron and non-alloy steel more than 1,300 mm wide.…
ArcelorMittal drops plans for green steel in Germany due to high energy costs
ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to carbon-neutral production because the country’s…
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of power for the Trump administration after the…
Nippon Steel shares rise after Trump approves US$14.9 billion US Steel bid
Nippon Steel shares rose on Monday after US President Donald Trump approved its US$14.9 billion bid for US Steel, clearing a key hurdle in its 18-month pursuit and securing access to a…