Bangladesh steel and cement sectors under strain
Bangladesh’s steel and cement manufacturers are facing mounting pressure as subdued demand and rising production costs continue to erode profitability, industry insiders said. D...
Steel
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Steel industry calls for government support to boost green steel output and consumption
About half of the global planned green steel projects have been delayed. In addition, governments have committed just US$20bn of the US$1.5trn needed to decarbonise the sector, ...
Weak demand hits Chinese rebar margins
Steel margins in China remain under pressure as the country's infrastructure and property construction sectors continue to show weakness. In addition, demand for Chinese steel e...
British Steel signs GBP70m Nigerian contract
The agreement will see British Steel supply 120,000t of steel to support modernisation projects at Tin Can Island and Lagos Apapa port. The contract is for 140mm rebar-type grad...
Construction material prices rise as CBAM enters latest phase
Steel prices were the first to move upward. Hot-rolled coil in northern Europe rose ~EUR22/t (+ 3.5 per cent) in January, while rebar prices in Italy and northern Europe climbed...
Steel demand to shift from China to India and Southeast Asia
The drop in demand is expected to lead to significant overcapacity while opening up opportunities for India and southeast India to emerge as growth powerhouses. "China's share i...
India's GST reduced to ease construction costs
The government has reduced the GST on cement from 28 to 18 per cent, effectively reducing the cost of one of the key building material inputs. It is expected that the step will ...
Malaysian building materials sector sees mixed price trends in June
The unit price index for steel slipped between -1.0 and -3.1 per cent MoM in June 2025. Pahang saw the most significant decline at -3.1 per cent, followed by Sibu (-2.5 per cent...
China steel sees biggest fall in 10 months
The drop sees 1H25 production three per cent lower than last year and at its weakest since 2020, according to the National Statistics Bureau. By comparison, cement output fell 5...
Mexican president agrees on prices with steel and cement companies
The step is expected to ensure that homes for low-income sectors do not become more expensive due to an increase in prices for key inputs. In 2025 the Mexican state is planning ...