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Rio Tinto and China Minerals Resources sign MoM
Rio Tinto and China Minerals Resources Group signed a memorandum of understanding for strategic cooperation during the ongoing fifth China International Import Expo in Shanghai. he MOU focuses on areas of mutual cooperation related to iron ore and steel value chains,...
Steel: JSW Steel expects exports to fall to 5-year lows
India's JSW Steel Ltd expects its exports to fall to a more than five-year low, at 10 percent of total sales, in the fiscal year ending March 2023, due to slowing global demand and an export tax. India's largest steel producer by capacity plans to sell 24 million tons...
ArcelorMittal’s net income plummets 78 percent in third quarter
ArcelorMittal, the world's second-largest steel producer, saw its net profit plummet 78 percent in the third quarter of 2022, due to falling metal prices from the "exceptional" levels of the post-Covid recovery and soaring energy prices. The global steel market is...
Recycling: exclusion of shredder wear parts will expire at the end of the year
The Institute of Scrap Recycling Industries (ISRI), the Washington-based association representing the recycling industry, has issued an alert to its members that Section 301 tariff exclusions, including the shredder wear parts exclusion, will expire at the end of the...