Steel
OCBC invests in low-carbon steel in Malaysia’s Sabah
The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated low-carbon steel plant
MaxSteel forges its future on diversification and a major regional expansion
The steel and metal products maker expects to triple its revenue through a new joint venture in Thailand to support the electric vehicle boom
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months
China aims to revive steelmaking without ordering cuts to supply
Beijing seems to have committed to a more gradual tightening of the screws on steelmakers that would play out over years rather than months
Vingroup’s 10 trillion dong steel venture to supply materials for rails, EVs, real estate
VinMetal will initially prioritise supplying materials for the conglomerate’s ecosystem
Malaysian steel industry road map aims for ‘fully green’ sector by 2050
The plan includes clear licensing guidelines for manufacturers and a carbon pricing and transparency framework
EU plans tariffs of 25 to 50% on Chinese steel and related products, Handelsblatt reports
[FRANKFURT] The European Commission plans to impose tariffs of 25 to 50 per cent on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported citing senior ...
China’s steel work plan vows to ban new capacity, promote demand
Beijing has been expected to lay out its plans for the world’s biggest steel industry since promising to cut output at its annual policy meeting in March
China’s commodities imports rise as seasonal demand revives
Chinese steel production has fallen in recent months, most recently to ensure clear skies for last week’s military parade in Beijing, which has raised prices and margins
China’s Baosteel in discussions on steel investments from Asia to Africa
Beijing is also facing anti-dumping duties from a number of countries as they seek to keep out cheaper Chinese supplies after domestic use declined due to a prolonged property slump
