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Steel: World Steel Association expects demand to grow by 1.8% in 2023
The World Steel Association (Worldsteel) has published an updated Short Range Outlook (SRO) for 2023 and 2024. The association expects steel demand to grow by 1.8 per cent in 2023 and reach 1,814.5 million tonnes after a 3.3 per cent contraction in 2022. In 2024,...
Indian steel industry prepares: coal coke crisis leads to controversial price increases
India has almost replaced China as the most important destination for coking coal exports in the near future. This comes after a significant increase in demand for steel on the subcontinent. The expected recovery of the Chinese economy, mainly due to the government's...
Codelco will acquire Lithium Power for USD 245 million
Chile's state-owned copper mine Codelco, the world's largest copper producer, has reached an agreement with Lithium Power International to buy the Australian battery metal producer for 385 million Australian dollars ($245 million). The agreement reached by the...
Yamada signs strategic agreement with Martinrea to strengthen production of aluminium components for EVs in Japan
Martinrea International Inc. announced the signing of a strategic partnership with Yamada Manufacturing Co., Ltd., a renowned manufacturer of chassis, transmission units and drivetrain components based in Gunma, Japan. This partnership will undoubtedly strengthen...