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Global steel mills hit lowest operating rate in two years in November

Global steel mills hit lowest operating rate in two years in November

According to statistics from the International Steel Association (worldsteel), the crude steel production of 64 major steel producing countries and regions worldwide in November was 115.5 million tons, a year-on-year increase of 1.1% and a month on month decrease of 6.4%. The daily average global crude steel production in November was 3.85 million tons, a decrease of 3.3% compared to the previous month, reaching the lowest level since the beginning of this year.

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China Iron and Steel Association: It is difficult for India to stop supplying iron ore to China within five years

China Iron and Steel Association: It is difficult for India to stop supplying iron ore to China within five years

Recently, foreign media reported that Rana Som, the chairman of the National Mining Corporation (NMDC), India's largest iron ore producer, stated that India will slowly withdraw from the world iron ore market and may stop exporting iron ore to China within at least 5 years. Regarding this, Chi Jingdong, Deputy Secretary General and Chief Analyst of the China Iron and Steel Industry Association, stated that it is quite difficult for India to exit China's iron ore market within the next five years.

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Shougang builds a million ton comprehensive steel plant in Malaysia

Shougang builds a million ton comprehensive steel plant in Malaysia

Shougang Group has continuously achieved new results in expanding its overseas business. On December 5th, Zhongshou Company, together with partners such as Malaysia's Xiede Holdings, jointly invested in the construction of the Donggang Comprehensive Steel Plant project in Ganmawan, a special economic zone in eastern Malaysia. The first phase of the project was officially launched at the same time.

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