Industrial News
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Imported 200 million tons of coal from January to July, up 6.8% year-on-year
In July, the decline in raw coal production of industrial enterprises above designated size expanded, crude oil production remained flat, and the growth rate of natural gas and electricity production slowed. Raw coal, crude oil, and natural gas production and related conditions the decline in raw...Read more -
COVID19 Slashes Steel Consumption in Vietnam
Vietnam Steel Association said that Vietnam’s steel consumption in the first seven months fell 9.6 percent year-on-year to 12.36 million tonnes due to Covid-19 impacts while production dropped 6.9 percent to 13.72 million tonnes. This is the fourth month in a row that steel consumption and produc...Read more -
Brazilian domestic flat steel prices up on-demand recovery, low imports
Flat steel prices in the Brazilian domestic market have increased in August because of recovering steel demand and high import prices, with further price rises to be imposed next month, Fastmarkets heard on Monday, August 17. Producers have fully applied the previously announced price increases f...Read more -
With weak demand recovery and huge losses, Nippon Steel will continue to reduce production
On August 4, Japan’s largest steel producer, Nippon Steel, announced its first-quarter financial report for the 2020 fiscal year. According to the financial report data, the crude steel output of Nippon Steel in the second quarter of 2020 is about 8.3 million tons, a year-on-year decrease o...Read more -
2020 authoritative ranking of global oil companies released
On August 10th, “Fortune” magazine released this year’s latest Fortune 500 list. This is the 26th consecutive year that the magazine has published the ranking of global companies. In this year’s ranking, the most interesting change is that Chinese companies have achieved a...Read more -
China steel demand to decline to 850 mln t in 2025
China’s domestic steel demand is expected to decline gradually in the years to come from 895 million tonnes in 2019 to 850 million tonnes in 2025, and high steel supply will impose a persistent pressure on the domestic steel market, Li Xinchuang, chief engineer of the China Metallurgical Industry...Read more