Finance & Economy

In 2020, the global output of crude stainless steel will be 50.89 million tons, a year-on-year decrease of 2.5%

According to the statistics released by ISSF on March 15, the global stainless steel production in 2020 decreased by 2.5% to 50.892 million tons from 52.218 million tons in 2019.

Tuesday, March 16, 2021

East Asia stainless steel import price continues to fall

The import price of stainless steel in East Asia has declined with the decline of international nickel price in the past week.

Tuesday, March 16, 2021

Mining production down in January, but mineral sales up almost 25%

Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report.

Monday, March 15, 2021

India JSHL's stainless steel sales and profits will continue to grow from October to December 2020

According to a report issued by India's Jindal stainless steel (Hisar) Co., Ltd. (JSHL), in the first three quarters of the fiscal year 2020 / 2021 (April to December 2020), its stainless steel sales totaled 394157 tons, with a year-on-year increase of 22% and...

Monday, March 15, 2021

Merafe: demand for ferrochrome will recover in 2021

Coronavirus pandemic is expected to boost the demand for ferrochrome in 2021, mineral company Merafe said.

Monday, March 15, 2021

Iron-ore sees year's second-worst week on China pollution crackdown

Benchmark Asian iron ore futures fell on Friday and were on track for their second-biggest weekly loss so far this year, as moves in China to restrict steel mills' highly-pollutive operations and reduce production capacity weighed on sentiment.

Monday, March 15, 2021

Chinese firm plans iron-ore mine, steel plant in Zimbabwe

Tsingshan Holdings Group, the world’s top producer of nickel and stainless steel, will start construction on an iron ore mine and a carbon steel plant in Zimbabwe in May, according to a senior government official.

Monday, March 15, 2021

New report highlights decade of falling electricity production in South Africa

A new Council for Scientific and Industrial Research (CSIR) report offers a sobering picture of declining electricity system production and demand between 2010 and 2020 – a trend that was amplified further during Covid-hit 2020, when demand slumped by a sharp...

Monday, March 15, 2021
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