Korean steelmakers are cautiously hopeful that voluntary production cuts by about 45 Chinese mills could ease the oversupply and price pressure that have squeezed their margins, although the impact will depend on how deeply and consistently output is reduced. “Reducing inventories and cutting production is certainly welcome and positive for the Korean steel industry,” an industry official said. “If China were to make a drastic cut of 200 million or 300 million tons, I think it would have a very positive effect on steelmakers around the world, including those in Korea.” The China Iron and Steel Association (CISA) recently called on about 45 steelmakers, including China Baowu Group, Ansteel Group, HBIS Group and Shougang Group, to adjust production and inventories based on actual orders and profitability rather than maintaining full production despite weak demand. The move comes as weak property and construction demand has left Chinese mills with high inventories and deteriorating profitability. China’s crude steel output fell 3 percent year-on-year in the first half of 2026, whil

Korea Zinc, the world's largest refined zinc smelter, said on Monday that its $7.4 billion U.S. manufacturing project has cleared an environmental impact assessment. The approval is expected to accelerate the company's plan to build a critical metals refinery in Clarksville, Tennessee, under the project name "Project Crucible," the company said in a press release. The facility is scheduled to begin test operations in 2029 and commercial production of 11 core minerals, 12 nonferrous metals and semiconductor-grade sulfuric acid the following year. Project Crucible is the first "FAST-41" project approved by the Federal Permitting Improvement Steering Council since Korea Zinc signed a memorandum of understanding with the state of Tennessee in May, the company said. "With Project Crucible now designated as a FAST-41 project, we are accelerating critical infrastructure development and improving government efficiency to move this project forward without unnecessary delays," Tennessee Gov. Bill Lee said. In April, Korea Zinc said it had completed the acquisition of a local zinc smelter and other

HanmiGlobal, a global construction project management company, said Monday it is providing project management services for SK hynix's high-bandwidth memory (HBM) advanced packaging plant under construction in West Lafayette, Indiana. SK hynix held a groundbreaking ceremony Aug. 27 at Purdue University’s Holloway Gymnasium in West Lafayette for the facility, which will be the company’s first artificial intelligence memory production base in the United States. The project represents an investment of more than $4 billion. Construction began in March, with the cleanroom scheduled for completion in October 2028. HanmiGlobal has been involved in the project since the pre-construction stage in August 2024 and will oversee construction project management through completion of the cleanroom in 2028. Its responsibilities include design management, schedule and cost control, quality and safety management and risk management. The company also coordinates SK hynix’s Korean and U.S. partners involved in the project. As Korean high-tech companies expand their operations in the U.S., demand is grow

Only the Vivo X500 and X500 Pro Max are coming to Singapore’s shores. No sign of an Ultra yet.

vivo vừa công bố bộ ba X500, X500 Pro và X500 Pro Max tại Thượng Hải, trong đó 2 phiên bản sẽ được phân phối chính hãng tại Việt Nam.

The United States and China’s agreement to establish an official AI dialogue, including a proposed threat-notification system, marks a pragmatic step towards crisis prevention in their tech war, even as deep-seated divisions over chip access, model distillation and market dominance threaten to limit its impact, analysts said. Announced following high-level talks in New York on Sunday between US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and Vice-Premier He Lifeng,...