China’s 2025 steel demand to fall 1.5% on year, state research institute says
China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.
In India’s biggest foreign investment deal since 1991, the Indian government has on Monday finally given South Korea’s Posco the green light to build a giant $12 billion steel plant in the country. Posco has said it expects to renew `shortly’ its pact with the Orissa government for building the $12 billion steel plant, even as the firm has assured that no exports of iron ore would be conducted from the site.
