Global insight
Iron-ore slump deepens on China demand anxiety, supply pressure
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Iron-ore futures wobbled on Friday and were on track for weekly losses due to waning optimism over prospects for demand recovery in top steel producer and metals consumer China, with additional pressure from rebounding supplies from Australia and Brazil. |
China's GEM to build a nickel project in Indonesia
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May 11 - China's GEM Co Ltd , a battery and material recycler, announced on Thursday a $500 million joint investment to build a nickel project in Indonesia. |
Thai Q1 GDP grows 2.7% y/y, beats expectations
Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded. |
AISI: US Raw Steel Production in the week ending on May 6, 2023
In the week ending on May 6, 2023, US domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 76.1 percent. |
Largo Reports First Quarter 2023 Financial Results and Provides Update to 2023 Operational and Sales Outlook
Largo Reports First Quarter 2023 Financial Results and Provides Update to 2023 Operational and Sales Outlook |
Nippon Steel forecasts current year net profit to nearly halve
Nippon Steel forecasts current year net profit to nearly halve |
Hyundai Steel Launches Hcore Store to Sell Steel Online
Hyundai Steel Launches Hcore Store to Sell Steel Online |
Indonesia revokes tax holiday incentives for new nickel smelter
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The government has started to revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters under the consideration that high grade nickel ore processing plants are sufficient and do not need to get tax holiday facilities. |
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