ArcelorMittal increases buyback program, sees global steel dip

OMS is a 100% owned subsidiary of OMH and SISB is a 100% owned subsidiary of Cahya Mata Sarawak Berhad (“CMS”) (BURSA: CMSB-2852).

China's investment in the secondary industry grew by 16.1 percent year-on-year in the first quarter of this year, significantly higher than the 6.8 percent investment growth in the primary industry and 6.4 percent investment growth in the tertiary industry.

China exported 4.977 million tons of steel in April 2022, an increase of 32000 tons over the previous month, a year-on-year decrease of 37.6%.

Steel company ArcelorMittal said recently that it expected global steel consumption to shrink this year.

ArcelorMittal released its operation report for the first quarter of 2022.

Reduced demand from greener China will hit Australia, Indonesia, study says.

Jizhou district in northern Tianjin launched a coal mine rehabilitation project recently, covering an area of 220,000 square meters.