Industry News

Brazil's manganese ore exports fell 40.2% year-on-year from January to October 2022
Brazil's manganese ore exports fell 40.2% year-on-year from January to October 2022
Nov 15, 2022

According to the latest statistics released by Brazil's foreign trade department, the total export of manganese ore in the global market in October was 101,697 tons, down 38.2% month-on-month and 9.5% year-on-year....

Japan's steel exports decrease
Japan's steel exports decrease
Nov 18, 2022

AccordingtostatisticsfromtheMinistryofFinanceJapan,Japan’ssteelexportsin Septemberwere2.4milliontons,amonth-on-monthdecreaseof3.3%andfallingby 18.4%fromthesamemonthayearago....

Ferromolybdenum prices in EU continue to fall
Ferromolybdenum prices in EU continue to fall
Nov 18, 2022

Despite the seller's expectation and the driving force of China's price rise, the price of molybdenum products in Europe fell again. In addition, a single transaction with a large concession is under pressure on the price....

Infrastructure development in the SCO countries
Infrastructure development in the SCO countries
Nov 09, 2022

This year, Uzbekistan will launch a nationwide rural road renovation project of more than 2,000 kilometers, which will greatly improve the local road traffic environment and reduce the time of cross-regional transportation....

South Africa's Transnet says cable theft rises sharply during strike
South Africa's Transnet says cable theft rises sharply during strike
Nov 07, 2022

South Africa's national logistics group Transnet said a surge in cable theft during a worker strike this month further hampered freight rail services, whose poor performance has cost exporters billion...

BP signed a contract with ThyssenKrupp to promote decarburization of steel production
BP signed a contract with ThyssenKrupp to promote decarburization of steel production
Nov 07, 2022

Anglo American and ThyssenKrupp Steel have signed an agreement to collaborate on new ways to decarbonize steelmaking. West Asia Import and Export was informed that the collaboration will jointly resea...

Indian market remains strong despite negative global circumstances
Indian market remains strong despite negative global circumstances
Nov 07, 2022

Although the global steel industry suffers from several negative factors such as growing inflation, the approaching slow down of the economy, and the European energy crisis, it was estimated th...

ArcelorMittal, one of the world's largest steelmakers, was forced to cut production
ArcelorMittal, one of the world's largest steelmakers, was forced to cut production
Nov 07, 2022

Sanctions against Russia have caused a backlash in Europe. Soaring energy prices have hit German industrial companies hard. In Hamburg, Germany, ArcelorMittal, one of the world's largest steelmakers...

The export price of China's steel wire rod fell further
The export price of China's steel wire rod fell further
Nov 07, 2022

Due to insufficient demand, China's wire rod export prices continue to decline.This week,Chinese traders quoted US $560-570/t CFR for Thailand's low-carbon wire rods, a drop of US $5/t within one week...

The short-term China’s stainless steel spot prices would be relatively stable.
The short-term China’s stainless steel spot prices would be relatively stable.
Nov 07, 2022

China’s stainless steel production exceeded expectations in September, but the consumption was also high due to stock preparation before the holidays.It was understood from market participants that th...

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