Global insight
ICRA: Indian domestic steel consumption to moderate to 7-8% in FY 2024-25
India's domestic steel consumption to moderate to 7-8 percent in fiscal 2024-25 |
Russia's Ural Steel plans to increase steel production with pig iron storage facility
Russian steelmaker Ural Steel has commissioned a temporary pig iron storage facility |
China coal imports seen flat in 2024, State-run utility says
China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on Friday. |
LME partner Metalshub plans for ‘green’ nickel price
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel. |
TCUD: Turkey becomes Europe's largest steel producer in January
According to a statement released by the Turkish Steel Producers'Association(TCUD), in January this year crude steel production in Turkey increased by 24.7 percent year on year to 3.2 million mt |
Indonesia says its nickel supply will keep global prices low
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Indonesia, the world’s largest nickel exporter, has a sobering message for struggling producers of the battery metal elsewhere: don’t expect any meaningful revival in prices. |
Zaporizhzhia Ferroalloy Plant plans to continue idling in March
Ukrainian ferroalloy companies reduced production by 57.4% in 2023 compared to 2022. |
Tata Steel headed towards 'major industrial dispute'
And the EAF will only enable the company to produce around 2.5mn t/yr of hot-rolled coil (HRC), impacting Tata's downstream operations, union sources suggest, citing information from consultancy Syndex. |
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