Chile's Codelco to meet obligations as financials deteriorate -JPMorgan

Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country's largest steel consumer -- the property sector -- has remained muted for the most part of this year.

Moody's Investors Services has upgraded Tata Group-backed leading steelmaker, Tata Steel's ratings to investment grade with a Baa3 issuer rating. Also, the rating agency has assigned the company's outlook to 'Stable' from positive. Further, it withdrew the com...

Such certification would help because the ferro-alloys industry is quite energy-intensive and is a key target for state-driven green development plans.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Recently, South Korea’s LG Chem Ltd has entered a partnership with China’s Huayou Group’s subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio.

AUSTRALIAN VANADIUM AND TECHNOLOGY METALS AUSTRALIA AGREE A$217 MILLION MERGER