Gpi Tanks delivered 13 stainless tanks to International Starch Institute, among them were structures for which the company used 904L grade stainless steel. Read more
Siemens introduced new industrial control cabinet series, made with 100% scrap sourced from green steel suppliers in Europe and manufactured using wind power. Read more
2024-10-09Producer News, Market News, Raw Material NewsAsia
Indonesian nickel miner Aneka Tambang (Antam) has completed the acquisition of a minor stake in Tsingshan Holding’s nickel smelting plant to bolster its position in the global nickel market. Read more
Department of Foreign Trade (DFT) has officially announced the initiation of an anti-dumping investigation on cold-rolled stainless steel products originating from the Socialist Republic of Vietnam. Read more
In 2024, steel trade relationships between Mexico and its close trade partners under the United States-Mexico-Canada Agreement (USMCA) have been heated due to the surging country’s trade with China. Read more
Taiwanese stainless steel manufacturer Walsin Lihwa reported a slight increase in revenue for September, primarily due to its wire and cable division. Read more
First days of Q4: Full exhaustion for India in “STS Bars and light sections” and high levels of exhaustion for “Others” in “STS Bars” and Taiwan in “STS Cold Rolled Coils” Read more
Signs of recovery were seen in Japan’s automotive sector in July, as sales jumped y-o-y for the first time in 2024. Production was also on the rise after a quality scandal-related slump in H1. Read more
India's Shyam Metalics and Energy Limited (SMEL) has started producing stainless steel rebar, raising its crude steel melting capacities. An ambitious flats hot-rolling project is also on the horizon. Read more
In September 2024, manufacturing PMI in the Eurozone, U.S., and China showed continued contraction, with weakening demand, job cuts and declining orders. Read more
The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain, according to the OECD. Read more
JFE Steel announced that the dry bulk carrier Bright Queen, believed to be the world’s first ship with a hull made entirely of green steel has entered service. Read more
Franke has concluded a sale and purchase agreement to acquire Wesco, manufacturer of high-end kitchen extractor hoods and ventilation systems. Read more
Wyloo and Metalshub have partnered to improve transparency of the CO2 footprint, ESG credentials, pricing and provenance in international nickel markets. Read more
GMH has acquired Kind & Co., specializes in the production and refinement of high-alloy steels and offers a wide range of tool steels and special alloys. Read more
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