The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday.
In a draft statem
China’s crude steel output climbed in May as the world’s biggest producer continues to churn out supply in defiance of complaints that it’s swamping the world market, said a Bloomberg report.
Output rose to 70.5
Twelve global steel associations urged the Group of Seven advanced economies, which meet in Japan this week, to prevent cheap Chinese steel distorting world markets and inflicting further pain on producers.
Steelmakers have been h
Iran produced more than 5.5 million tonnes of steel in the first four months of 2016, according to data released by the World Steel Association (WSA).
Iran's steel output from January to April 2016 indicated a 1.5 per cent gro
US-based NanoSteel, a leader in nanostructured steel materials, has announced the delivery of its first advanced high strength steel (AHSS) to General Motors for initial testing.
NanoSteel is an advanced materials company speciali
China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese off
The World Steel Association recently cut its forecast for 2016 global steel consumption, but expects to see a return to growth in 2017, a report said.
The finished steel consumption this year is likely to reach 1,488 million metri
Tens of thousands of German steelworkers took to the streets on Monday, demanding more action against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business.
Iran-based Mobarakeh Steel Company (MSC) has exported 1.793 million tonnes of products during the year to March 19, said a report citing a senior official.
MSC is Iran's biggest industrial complex and the biggest crude steel p
Jindal Shadeed Iron & Steel (JSIS), a part of the Indian steel conglomerate OP Jindal Group, today inaugurated its newly expanded, state-of-the-art integrated steel complex at the Sohar Industrial Port, Oman.
The steel complex inclu