The director of the Tangyin Steel Works in Tangshan, Hebei Province, was arrested for failing to comply with the government's emission reduction program.
Steel prices in China continued to decline in June and new lows are expected, according to industry association data.
2,500 workers of the largest metallurgical plant in Slovakia, US Steel Kosice, which is the main supplier of rolled metal for Volkswagen, PSA Peugeot Citroen, Kia and Jaguar Land Rover, will be laid off.
The largest private steel company in India, after the failure to merge European enterprises with Thyssenkrupp, directs almost all of its profits to service the debts of European operations.
The Indian auto industry is increasingly plunging into a crisis, many manufacturers are suspending the production of new cars, and dealers are closing car dealerships due to overcrowded warehouses. All this negatively affects the metallurgical industry, for which the automotive industry is one of the main consumers.
Papers of the leading Russian mining company at the Moscow Exchange on Friday broke through the psychological level of 15,000 rubles per share, setting a new historical maximum in value and having risen in price by almost 3 percent since the beginning of the trading session.
Ferrochromium prices in all regions have fallen to their lowest in the past two years due to falling demand amid a decline in stainless steel production.
Shanghai nickel prices are close to year-on-year highs amid low inventories and problems with availability and imports.
Demand for lithium, an important component in batteries, will grow as the electric vehicle market in Europe picks up steam.
Chinese investors have chosen the site for the construction of a new metallurgical plant in the Primorsky Territory of the Russian Federation.
Officials in Beijing suspect that some of the metallurgical enterprises that have been liquidated continue to manufacture products and pollute the air in China.
In the second quarter of 2019, the demand for metal products in the Russian market remained at a high level, which was associated with the start of the construction season and a large volume of orders from large-diameter pipe manufacturers.
Please, fill out this form and your personal expert will call you as soon as possible and advise on all matters
