It is reported that the Ministry of Industry and Trade (MoIT) of Vietnam will impose a new tariff on stainless steel product imports from four Asian countries including China, Taiwan, Indonesia and Malaysia.

According to statistics, South Korea’s iron ore imports totaled 42.98 million tons during the first seven months, increasing by 23.5% year on year.

The US International Trade Commission voted on Wednesday that the domestic industry was not injured by imports of grain-oriented electrical steel from Japan, Germany and Poland, and as a result, no antidumping orders will be imposed.

Iron ore prices are at risk of falling to their lowest level since 2009 as increased supplies from Australia and Brazil boost a global surplus and prompt the closure of some higher-cost Chinese suppliers.

Seven domestic rare earth companies have formed an industrial alliance to sue Japan's Hitachi Metals for its patent monopoly in the United States.

China plans to cut on-grid power tariffs to reflect a fall in coal prices, a move that may put more pressure on power generation companies, a newspaper said Aug 7th.

The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.

South Korean steel giant Posco announced to cut its domestic prices for austenitic stainless coils by 100,000 won/ton for August due to weak market conditions during summer holiday, in spite of higher nickel prices.