India’s steel industry is grappling with mounting challenges as cheap imports from China and aggressive global tariff policies put pressure on domestic prices and profitability. Leading steelmakers, including Tata Steel and JSW Steel, are facing reduced rating headroom, as highlighted by Fitch Ratings in its latest report. The influx of discounted steel imports from China […]
China, the world’s largest steel producer, reported a 1.5% year-on-year decline in crude steel production for the first two months of 2025. According to the National Bureau of Statistics, the country produced 166.3 million metric tons of crude steel during January and February, reflecting a slight decrease compared to the same period last year. Despite […]
Iron ore futures declined on Wednesday due to the tariff war between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. China is the world’s largest consumer of metals, including iron ore, a key raw material for steel production. According to reports, the most-traded May iron ore contract […]
China has announced plans to reduce its steel output [1], in an effort to address overcapacity and enhance profitability. The decision, revealed at the National People’s Congress, aims to restructure the country’s steel industry, which has been grappling with a prolonged property market downturn and mounting trade frictions. However, the announcement didn’t cover any interventions […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
Chinese batteries and electric vehicles, BYD Energy Storage has officially signed contracts [1] with the Saudi Electricity Company (SEC) to deliver a massive 12.5 gigawatt-hours (GWh) of battery energy storage systems (BESS) across five sites in Saudi Arabia. This deal marks the world’s largest grid-scale storage deployment to date. The project supports Saudi Arabia’s Vision […]
BHP Foresees an economic recovery in China and central bank rate cuts to boost demand for steel and copper but asks to be vigilant about potential trade tensions posing risks to global growth, as it reported its lowest first-half profit in six years. BHP had planned a $49 billion takeover of Anglo American, aiming to […]
A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
China has announced a significant policy shift [1], allowing market forces to determine the prices of renewable electricity. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have agreed to scrap fixed pricing on renewable power, enabling electricity generated by renewables to be freely traded. This move is aimed at modernizing […]
As trade tensions between China and the United States intensify, Puma is shifting its supply chain, sourcing more from countries like Vietnam and Indonesia for the US market, according to CEO Arne Freundt. The ongoing economic conflict between the world’s two largest economies has escalated, with the Trump administration imposing 10% tariffs on China, prompting […]
According to commodity analysts Kpler, China, the world’s biggest buyer of iron ore, is expected to import 99.5 million metric tons of the key steel raw material in January. China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows, says […]
Saudi Arabia’s ACWA Power has made a significant move into China’s renewable energy market with two major agreements worth $312 million [1]. These agreements mark a substantial step in ACWA Power’s global expansion strategy and highlight its commitment to supporting China’s clean energy transition. The first agreement involves a 132-megawatt solar photovoltaic (PV) portfolio in […]
China emitted 13 billion metric tons of greenhouse gases in 2021, marking a 4.3% increase compared to the previous year, according to its latest official submission to the United Nations, as reported by state media on Friday. This figure represents the most recent official estimate of China’s annual emissions, proving its position as the world’s […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
HBIS Group, steel manufacturer based in Hebei province, is advancing its green transformation by harnessing hydrogen energy, a move its chairman, Yu Yong, described as groundbreaking for the steel industry as per reports by China Daily. “Hydrogen energy is hailed as the ultimate energy source in the 21st century, and replacing carbon with hydrogen can […]
China’s crude steel production dropped by 4.3% in November compared to October, driven by lower profit margins and seasonal weakening in demand, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the world’s largest steel producer manufactured 78.4 million metric tons of crude steel last month, down from 81.88 […]
Popular international brand Uniqlo is facing backlash from Chinese consumers following remarks made during a BBC interview [1] by its chairman, Tadashi Yanai, about not sourcing cotton from Xinjiang, a region in China’s far west. Yanai’s comments have sparked discussions on Chinese social media, with some users calling for a boycott of Uniqlo products. Fast […]
Experts from home and abroad at the launch of the Global Development Report 2024 in Beijing on Friday stated that global unity and cooperation are necessary to overcome today’s complex challenges and building a sustainable future for all. As per Sudheendra Kulkarni, founder and chairman of the Forum for a New South Asia, “All these […]
China is seeking public feedback on new guidelines aimed at standardizing greenhouse gas emissions from the steel industry, the Ministry of Ecology and Environment said on Friday, reported Reuters. The move is part of efforts to prepare steel mills for their entry into the nation’s carbon market. The draft plan, released in September, drafted an […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
India’s construction boom, with gleaming highrises and expanding multilane highways, was expected to boost domestic steel sales. However, Jogindra Group’s mills in northern Punjab are currently facing a surplus of unsold inventory. The inexpensive Chinese steel has put significant pressure on India’s smaller steel mills, forcing many to scale back operations and contemplate job cuts. […]
Redress, a Hong Kong-based environmental NGO, is concluding its impactful consumer-focused series of sustainable fashion initiatives. The organization has been highlighting the innovation and dedication of Chinese designers who are leading the way sustainably, particularly through showcases at Shanghai Fashion Week and exhibitions at Bicester Village Shanghai. Dr. Christina Dean, Founder of Redress, emphasized the […]
China is increasing its coal power production, despite advancements in renewable energy, primarily due to soaring domestic electricity demand and concerns over energy security. With a record coal mining output of 4.7 billion metric tons in 2023, the country continues to develop new coal-fired power plants, approving 106 gigawatts of new capacity—enough to power the […]
China has requested that countries hold talks at next week’s COP29 U.N. climate summit on carbon border taxes and other “restrictive trade measures” that Beijing says are hurting developing countries, according to reports by Reuters. The talk is expected to highlight the mounting trade tensions between major economies that could disrupt this year’s United Nations climate […]
China is advancing renewable energy initiatives in Africa, highlighted by the presence of a geothermal power plant in Kenya’s Great Rift Valley. The 35-megawatt Orpower 22 project, led by the state-owned company PowerChina and funded by the Chinese firm Kaishan Group for US$93 million, aims to boost Kenya’s geothermal energy output. President William Ruto announced that […]
China has introduced a comprehensive 17-point plan aimed at transitioning to renewable energy while gradually reducing coal usage to enhance energy security and support its climate commitments. The National Development and Reform Commission (NDRC) emphasizes a safe and orderly energy transition across various industries, targeting a renewable energy consumption equivalent to over 1.1 billion tonnes of […]
Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]
Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]
Shanghai – Shanghai is on its journey towards a greener development with high- quality growth. However, further efforts are required in energy supply, institutional arrangements along with technological innovations as per officials and experts. Under the plan, Shanghai is looking to reach a target of installing solar photovoltaic of 4.5 million kilowatts by the […]
Beijing – China’s steel industry is on the edge of a wave of bankruptcies as a prolonged crisis reshapes the sector, according to Bloomberg Intelligence . In a recent report, senior analyst Michelle Leung revealed that nearly three- quarters of the steel producers in the country reported losses in the first half of the year. […]
