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The steel industry embarks on preparations before officially entering the national carbon market

Recently, the Department of Climate Change Response of the Ministry of Ecology and Environment issued the "Letter on Entrusting the China Iron and Steel Industry Association to Carry out the Work Related to Carbon Emission Trading in the Iron and Steel Industry" to the China Iron and Steel Association. Following the power industry and building materials industry, the steel industry has become the third key industry to be included in the national carbon market.

2022-03-03

"14th Five-Year Plan for Circular Economy Development" was released

With the approval of the State Council, the China National Development and Reform Commission recently issued the "14th Five-Year Plan for Circular Economy Development".

2022-03-03

Hyundai Steel bumps up its first ESG bond offering on explosive demand

South Korea's Hyundai Steel Co. has bumped up its first-ever environment, society and governance (ESG) bond issues to 500 billion won ($453.5 million) after its initial offering attracted overwhelming investor interest during a book building session.

2022-03-03

The outputs of most flats in steel enterprises were decreased in May counted by CISA

According to the statistics of CISA, the output of shipbuilding plate was 770,000t in May, down by 2.5% y-o-y, including 440,000t high strength plate, down by 4.3% y-o-y. The output of boiler and pressure vessel plate was 450,000t, up by 21.6% y-o-y. Bridge plate output was 250,000t, down by 21.9% y-o-y. Pipeline plate output was 340,000t, up by 36% y-o-y. Container plate output was 560,000t, up by 1120% y-o-y.

2022-03-03

China's Steel Market Quick Review

The national stainless steel crude steel output was 13.9485 million tons, +31.64% year-on-year; among them, Cr-Ni series stainless steel was 6.579.3 million tons, which was +24.47% year-on-year; Cr-Mn series stainless steel was 4.56 million tons, which was +29.62% year-on-year; Cr-series stainless steel was 2,863,200 tons.

2022-03-03

JSPL's net profit soars in Q1 FY2022

Financial results of India's Jindal Steel and Power (JSPL) kept climbing in Q1 of FY2022 (January-March 2021) on higher sales volumes and surging finished steel tags in the domestic market.

2022-03-03

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