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 [Ferro-Alloys.com] China's steel consumption is expected to hit a record in 2019, and this would then be followed by a slight decline in demand in 2020, a new report by the China Metallurgical Industry Planning and Research Institute released on Thursday said. The report added that the country's crude steel output is also expected to fall in 2020 from 2019.

Romanian media reported that ArcelorMittal's Long Products division has temporarily halted production at its steel mill in Romania's Hunedoara country since December 1st due to high gas and power prices and unfavourable market conditions. ArcelorMittal said "The prices of electricity and natural gas have increased significantly for industrial users in Romania in recent years, and are significantly higher than in other European countries with important operators in the steel production, such as France and Germany.

China's direct investment in Egypt in the first three quarters of 2019 rose by 66 percent to $74.9 million, a senior Chinese diplomat told a press conference on Tuesday at Egypt's under-construction new administrative capital city, east of Cairo.

Mongolia exported a total of 34.8 million tons of coal in the first 11 months of this year, the Mongolian Customs General Administration (MCGA) said Tuesday.

Click here for more information: Ferrosilicon Daily Express 12.16