Tokyo Steel, one of the major H beam manufacturers in Japan, has announced its combined sales revenue during April to June was ￥37.41 billion, reducing by 15.6% year on year.

Recently, the POSCO Chairman and Chief Executive Officer Quan Wujun (Kwon Oh Joon) said that its India Orissa steel project no progress was made, therefore, will be temporarily stopped.

According to data released by the China Iron & Steel Association (CISA), the crude steel production of the major steelmakers in China totaled 68.94 million tons in June, decreasing by 0.8% compared from the same time a year earlier.

Many loss-making Chinese steel mills could finally be ready to shut their doors this year, with the government expected to offer more incentives for stricken enterprises to close as the economy slows and a war on smog intensifies.

The decision by the nation's largest private steelmaker, Shagang Group, to sell 55.1 percent of the shares in its Shenzhen-listed unit

Steel exports from China, the world's largest producer, rose to a record for a fifth month as new tax rules for some shipments failed to slow sales.

China's bloated steel industry will continue to experience tough times this year despite years of government efforts to address

Although China's steelmakers saw a big rise in profits last year, the industry still has overcapacity problems that have dragged prices to record lows.