BHP Group, the world’s largest mining company, produced 69.7 million tons of iron ore in the second quarter, marking a 5% increase compared with the same period last year, and reaffirmed its full-year production guidance. Copper output fell by 4% in the three months ended at the end of December, reaching 490,500 tons. The red […]
BHP boosts iron ore output amid pricing pressure from China Read More »
Iron ore futures prices fell, heading toward weekly losses, amid weakening domestic demand for steel. The most actively traded May iron ore contract on China’s Dalian Commodity Exchange closed Friday’s session down 0.5%, settling at 812 yuan ($116.55) per ton. Meanwhile, on the Singapore Exchange, February iron ore futures declined by 1% to trade at
Iron Ore Prices Decline in China and Singapore Read More »
China’s steel exports surged to an unprecedented level last month, capping a record-breaking year in which shipments defied mounting trade pressures and expectations of a slowdown. Data released by China’s General Administration of Customs showed that steel product exports rose to 11.3 million tonnes in December, surpassing the all-time high previously recorded in 2015. On
China’s Steel Exports Hit Record High Despite Global Pressures Read More »
India’s rolled steel exports recorded strong growth of 33% year-on-year during the period from April to December 2025, reaching around 4.8 million tonnes in the first nine months of the 2025/2026 fiscal year, according to preliminary government data cited by Reuters. During the same period, rolled steel imports totaled approximately 4.65 million tonnes. Total steel
India’s Rolled Steel Exports Rise 33% in April-December 2025 Read More »
The UK Trade Remedies Authority (TRA) has revoked the tariff-rate quota (TRQ) exemption for imports of Category 13 steel products (rebar, HS codes 72142000 and 72149910) from Vietnam, following an investigation that revealed that Vietnamese volumes exceeded the 3% threshold for developing countries. During the investigation period from October 1, 2024, to September 30, 2025,
UK cancels import quota exemption for Vietnamese rebar Read More »
Iron ore futures prices climbed to their highest level in several months, driven by hopes of improving demand in China, the world’s largest iron consumer, after Beijing pledged to ease monetary policy this year. The most-active May iron ore contract on China’s Dalian Commodity Exchange rose 4.1% on Wednesday to close at 828 yuan (USD
Iron ore prices in China rise to highest level since July Read More »
In December 2025, Hoa Phat Group recorded sales of 585,000 tons of construction steel and high-quality steel coils, a 52% increase compared to the same period in 2024. Of this, high-quality steel coils used in the production of automobile tire treads, welding rod cores, prestressed cables, and mechanical engineering contributed approximately 60,000 tons. All branches
Vietnamese company Hoa Phat Group achieves record sales of Construction steel Read More »
India has decided to impose safeguard duties on certain steel imports at rates ranging between 11% and 12% for a period of three years, according to a decision issued by the Ministry of Finance. The move comes as part of the government’s efforts to curb the influx of low-priced imports, particularly those originating from China.
India Imposes Duties on Steel Imports from China Read More »
Iron ore futures prices climbed, supported by China’s pledge—the world’s largest iron ore consumer—to adopt more effective fiscal policies in 2026, boosting expectations for demand for the key raw material used in steelmaking. The most active iron ore contract for May 2026 delivery on the Dalian Commodity Exchange in China ended Monday’s trading up 2.6%,
Iron ore prices in China rise by more than 2% Read More »
Steel Authority of India Limited (SAIL), the largest public-sector steel producer in India, has awarded contracts to Danieli to supply advanced technologies for the expansion of the IISCO Steel Plant in Burnpur, West Bengal. The announcement was made during the Italy-India Business Forum in Mumbai, in the presence of H.E. Piyush Goyal, Minister of Commerce
Danieli Strengthens Its Presence in India with Major Project for SAIL Read More »
The length of China’s high-speed railway network has surpassed 50,000 kilometers of operational lines following the opening of a new route. State broadcaster CCTV explained that the new line connects Xi’an and Yan’an, both located in Shaanxi Province in northern China. China State Railway Group said in a statement on Friday that the country’s railway
China’s High-Speed Rail Network Exceeds 50,000 Kilometers Read More »
Customs data released by the Japan Iron and Steel Federation (JISF) showed that Japan’s exports of iron and steel products totaled about 2.40 million mt in November 2025, declining by 5.7% compared to October and by 3.6% year on year. During the January–November 2025 period, Japan’s exports of iron and steel products reached approximately 27.80
Japan’s Steel Exports Down 3.8% In January–November 2025 Read More »
China said on Friday it will continue to regulate crude steel production and prevent the illegal addition of new production capacity during the 2026–2030 period, in a move aimed at addressing market imbalances and controlling supply. China, the world’s largest producer and consumer of steel, halted growth in crude steel output in 2021 as part
China Tightens Grip on Steel Output Through 2030 Amid Oversupply Pressures Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 140.1 million tonnes (Mt) in November 2025, a 4.6% decrease compared to November 2024. Africa produced 2.0 Mt in November 2025, up 7.4% on November 2024. Asia and Oceania produced 99.9 Mt, down 7.1%. The EU (27) produced 10.2
Global Crude Steel Production Declines by 4.6% in November 2025 Read More »
Xuân Thiện Group, one of Vietnam’s leading industrial groups, has signed a strategic investment and cooperation agreement with Primetals Technologies in Ninh Bình province, marking a significant step toward positioning Vietnam as a regional hub for high-quality steel production. Heavy Plate Production Line Primetals Technologies will act as the project’s technology partner, supplying advanced technological
India’s iron ore and pellet exports rose sharply in November, climbing 27.2 percent month-on-month to 2.76 million metric tons (MT), supported by a rise in overseas buying interest. The volumes comprised 2.51 million MT of fines and lumps (up from 1.96 million MT) and 250,000 MT of pellets (210,000 MT last month). On a year-on-year
India: Iron ore and pellet exports jump 27 percent month-on-month in November 2025 Read More »
JSW Vijayanagar Metallics Ltd. (JVML), a subsidiary of JSW Steel Ltd., one of India’s leading integrated steel producers, has commissioned a new 350-ton Ruhrstahl Heraeus (RH) unit from SMS group at Vijayanagar Works Steel Plant 4 in Toranagallu, India. This installation marks the world’s first operational combination of an RH Ladle Rocker with Fast Vessel
China’s crude steel production recorded a notable decline in November 2025, falling below 70 million tons to its lowest monthly level so far this year. According to data from China’s National Bureau of Statistics, crude steel output reached 69.87 million tons, down 10.9% year on year and 2.96% month on month. Pig iron production totaled
China’s Crude Steel Output Drops Below 70 Million Tons in November Read More »
China’s Ministry of Commerce has announced that it will implement a steel export licensing system in an effort to control the record volumes of metal shipments flowing out of the country. The ministry said in a statement that exporters will be required to obtain a permit to ship a range of steel products starting January
China Imposes Restrictions on Steel Exports Read More »
Primetals Technologies and the Steel Authority of India Ltd. (SAIL) Bokaro Steel Plant have partnered to engineer a hydrogen gas injection system for a blast furnace at the facility in Bokaro Steel City, Jharkhand. The project focuses on integrating hydrogen gas injection technology at the blast furnace tuyere level. Primetals Technologies said it will engineer
Primetals Technologies Partners With SAIL Bokaro to Advance Green Steelmaking Read More »
South Korean Trade Minister Yeo Han-koo expressed concerns over the Canadian government’s plan to strengthen protective measures for its steel industry, which could negatively affect South Korea’s steel product exports, according to officials. During an online meeting with Canadian Trade Minister Mary Ng, Yeo conveyed his “deep concern” regarding Canada’s decision to implement the new
South Korea’s Trade Minister Voices Concern Over Canada’s Steel Protection Plan Read More »
China Mineral Resources Group, the state-backed trading arm, has warned that iron ore prices are drifting away from real market fundamentals as intensified speculative activity pushes prices higher at a pace that does not reflect actual supply and demand conditions. In a report issued by its research unit — published on the WeChat account of
Chinese Iron Ore Trade: Prices Climb Unjustifiably Due to Speculation Read More »
According to statistics from the General Administration of Customs of China, China’s steel exports reached 9.98 million tons in November, a 2.0% increase from the previous month. The cumulative exports from January to November amounted to about 107.7 million tons, up by 6.7% year on year. In terms of raw materials, imports of iron ore
China’s steel exports near 10 million tons in November Read More »
The head of the World Steel Association has stated that addressing China’s chronic overcapacity problem will not be achieved quickly, given the deep links between the steel industry and the broader Chinese economy. Edwin Basson, Director General of the association, told Bloomberg that “shutting down just one steel plant can have far-reaching effects on the
World Steel Association : No Quick Fix for China’s Excess Production Read More »
Reducing emissions from Japan’s steel industry is a central pillar of the country’s strategy to achieve carbon neutrality by 2050. The sector alone accounts for around 13% of national emissions due to its heavy reliance on coal for smelting and reduction processes. As global competition intensifies, cutting emissions has become a key benchmark for preserving
Decarbonizing Japan’s Steel Industry Pathways Read More »
The China Iron and Steel Association has urged domestic iron ore producers to accelerate the implementation of key projects, as the world’s largest consumer of the ore faces a challenge due to its reliance on imported supplies from major producers such as BHP. Vice President Xia Nong said in a statement issued Monday evening that
China is pushing to accelerate domestic iron ore projects in pursuit of independence Read More »
Leading Chinese steel producer Hebei Jinxi Iron and Steel Group has placed an order with Primetals Technologies for two continuous slab casters, each with a capacity of 2.5 million tons per year. The order also includes an extensive digitalization package with Level 1 and Level 2 automation systems, ensuring state-of-the-art process control and optimization. The
China’s economy experienced further slowdown in October, weighed down by weakening consumer demand and the ongoing real estate crisis, in addition to the impact of the long national holiday that affected industrial production. Data from the National Bureau of Statistics showed that fixed-asset investment — including the property sector — fell by 1.7% in the
China’s Economy Slows in October Amid Weak Demand and Deepening Property Crisis Read More »
China recorded a significant decline in the production of pig iron, crude steel, and finished steel products in October, with output reaching 65.55 million mt, 72 million mt, and 118.64 million mt respectively. These decreases represent year-on-year drops of 7.9%, 12.1%, and 0.9%, in addition to month-on-month declines ranging between 0.76% and 4.5%, according to
China’s crude steel output drops to lowest level in October at 72 million mt Read More »
India has imposed a five-year antidumping (AD) duty on HRC imported from Vietnam, a government notification said on Thursday, November 14. The AD levy of $121.55/mt on imports of hot-rolled flat steel products from Vietnam for five years is aimed at protecting domestic manufacturers from cheap imports, the notification said. The imposition of the duty
India imposes AD duty on HRC imports from Vietnam Read More »