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India becomes net importer of finished steel in third quarter 2022-2023
According to data from the Ministry of Steel's Joint Plant Committee (JPC), India became a net importer of steel in the third quarter (October-December) of fiscal year 2022-2023, with domestic shipments exceeding overseas sales. Data showed India's total steel imports...
Steel: POSCO restarts CR steel mill No. 2 and electric steel mill No. 1
South Korean steelmaker POSCO Group announced that it has restored and restarted Cold Rolled Steel Plant No. 2 and Electric Steel Plant No. 1 in Pohang, after being suspended in September last year due to the fire caused by Typhoon Hinnamnor. Cold steel mill No. 2,...
Crude steel: China’s production will decline by 2.2 percent in 2022
At the 18th China Steel Industry Chain Summit held in Beijing, Qu Xiuli, vice-president and secretary-general of the China Iron and Steel Association (CISA), said China's crude steel production in January-November last year was 935 million tons, down 1.4% from the...
First Quantum may suspend workforce in Panama due to government order to halt operations
Canadian mining company First Quantum said in a statement that it will suspend a "significant amount" of its workforce at its operations in Panama if the Central American government forces it to halt operations during a contract dispute. "If we were to reduce...