Aluminum Prices Climb Slowly but Surely as China Begins its Pollution ...Tue, 28 Mar 2017 00:24:00 GMT
The worlds largest nation-producer of the metal will force about a third of aluminum capacity in the provinces of Shandong, Henan, Hebei and Shanxi to be ... in the creation of a Global Forum on steel excess capacity in order to increase information ...
Iron ore plummets Monday to reach its lowest in seven weeksMon, 27 Mar 2017 19:28:00 GMT
The production levels of Tangshan are around 90 million tonnes a year, which outweighs the overall production of the United States. In an effort to enhance prices and make way for relaxation on sector debts, China has said it will be cutting steel capacity ...
China's Liaoning pledges 10 mln T low-grade steel closures by ...Mon, 27 Mar 2017 19:13:00 GMT
Heavy industrial Liaoning, home to struggling state steel mills like the Anshan Group and the Benxi Iron and Steel Group, is a key part of China's strategy to tackle price-sapping overcapacity in the coal and steel sectors. However, the province has ...
Trump-Russia ties; Saudi Aramcos tax break; China casts wide ...Mon, 27 Mar 2017 15:44:00 GMT
(FT) China plans steel crackdown Beijing is planning a new crackdown on steel production in the north-eastern city of Tangshan in a drive to prevent false reporting of mill closures by local governments reluctant to obey shutdown orders. (FT) Trump pick ...
Iron ore is copping a drubbing, making it five big losses in ...Mon, 27 Mar 2017 15:04:00 GMT
had launched a fresh probe into steel overproduction in the city of Tangshan. It is said to have been prompted by concerns that steel mills continued to ramp up production levels despite the implementation of mandatory production cuts from the government.
US court cancels most of class action against Samarco over deadly ...Mon, 27 Mar 2017 10:02:00 GMT
Samarco, which has annual capacity of roughly 30 million tonnes of iron ore, run out of money last year and its debt already is pegged at more than $3.7bn. In a statement Monday, Vale said the US District Court for the Southern District of New York had ...
China plans fresh crackdown on Tangshan steel productionMon, 27 Mar 2017 08:53:00 GMT
China is planning a new crackdown on steel production in the north-eastern city of Tangshan in a bid to prevent false reporting of mill closures by local governments reluctant to obey shutdown orders. Officials in the northeastern province of Hebei have ...
IndustriALL demands fair global steel restructuringMon, 27 Mar 2017 00:59:00 GMT
In countries like Brazil, South Korea and the U.S., restructuring is either imposed with little worker input or governments do not provide support that could enable social dialog to minimize impacts on workers. Global Forum on Excess Steel Capacity The ...
Iran abandons plans for iron ore export tariffsThu, 23 Mar 2017 13:04:00 GMT
Arshiya Sibia, analyst at CRU Group, said Iran's steel output had grown by 9 percent last year, adding that because domestic demand was not strong, they had ramped up exports. Iranian Mines & Mining Industries Development and Renovation (IMIDRO ...
COLUMN-Aluminium sector seeks way to tackle China-induced instability: ...Thu, 23 Mar 2017 06:14:00 GMT
As with steel, trade tensions are rising with the United States taking ... Environmental inspection teams were in Henan province last month and at least one operator, Linfeng Aluminum and Power, closed some capacity as a result, according to specialist ...
China's Hebei Steel to proceed with $8 billion revampTue, 21 Mar 2017 15:27:00 GMT
... will cut Hebei Steel's annual iron capacity by 1.8 million tonnes and drop its steel capacity by about 1.9 million tonnes. Laoting is a seaside county in the Tangshan city area in Hebei province. Hebei is home to 104 mills that account for nearly a ...
Dry bulk freight market seizes the dayThu, 16 Mar 2017 18:32:00 GMT
The bullish market is prompting freight market participants to seize the moment and capitalize on the flow of steel production in China ... have extended restrictions on sintering output in Tangshan by a further three days, having an immediate, if ...
Number of news reports: 12