Formosa Steel hikes HRC prices by $145/mt

Vietnam’s Formosa Ha Tinh Steel Corporation (FHS) hiked HRC prices for May and early June shipments following a rise in global steel prices which have spiked to a decade’s high. On April 12, the steelmaker raised HRC prices by $145/mt to equivalent levels of $910/mt for shipments scheduled for May and early June.    Despite […]

India’s auto production jumps 67pc in March

Total auto production in India in March was reported at 2.36mn units, up 67pc from the prior year month, according to data released by Society of Indian Automobile Manufacturers (Siam).   Passenger vehicles segment witnessed a sharp jump in production of 74pc to 334,349 units in March from the preceding year period which pushed total […]

Iran’s iron ore concentrate output up 5pc

Iran’s iron ore concentrate production in the Iranian year 1399 (Mar 21, 2020-Mar 20, 2021) stood at 49.7mn mt, up by 5pc as compared to the preceding year, according to local media reports citing data released by the Industries Ministry. Of the total iron ore concentrate output during the year, Gol Gohar produced 16.2mn mt, […]

Central Asia Metals’ output dips in Q1

UK-headquartered Central Asia Metals’ copper, lead and zinc output was lower in Q1 FY2021 compared to the prior year with the drop in copper production being more severe than others metals, according to a company release on April 13.   Central Asia Metals’ copper production in Q1 dropped to 2,880mt, down 10pc from the prior […]