MANILA, Aug 1 Chinese iron ore futures rose as much as 3 percent to their highest in more than three months on Monday as the raw material rode on the sustained strength in steel prices. Tighter steel supply in China has helped prop up prices with floods in the northern part of the country disrupting …
Dalian iron ore hits 14-wk top as higher steel prices counter stockpile gains Read More »
Steel Minister Chaudhary Birendra Singh advised domestic steel producers to explore ways to enhance steel consumption and utilise the time in the highly dynamic economic scenario. “Domestic steel producers should take all steps to promote use of steel at the earliest as time is of essence in the fast changing business scenario,” a statement by …
Steel Minister asks cos to take steps to promote use of steel Read More »
At the third meeting to review the Comprehensive Economic Partnership Agreement, Japan on Thursday protested against the imposition of a minimum import price(MIP) and safeguard duty on steel products. The Japanese delegation – headed by Deputy Minister of Foreign Affairs Keiichi Katakami – said the imposition of MIP restricted entry of certain products into India …
Japan says MIP on steel products violates WTO rules Read More »
Ruias-promoted Essar Steel today said its flat steel production rose by 48 percent to 1.22 million tonnes (MT) during the April-June quarter this fiscal from 0.82 MT during the year-ago period. Iron ore pellet production too grew by 58 percent to 2.02 MT against 1.28 MT during the quarter under review, Essar Steel said in …
Flat steel production up 48% in Apr-Jun: Essar Steel Read More »
Mumbai: Tata Steel in an announcement made late Friday evening revealed an alternate plan to look for a joint venture partner for its entire European business as sale talks for its UK assets hit a roadblock due to Brexit (Britain’s decision to exit the European Union). On 30 March, Tata Steel said it will exit …
Tata Steel looks for Europe JV, analysts see talks with Thyssenkrupp Read More »
Beijing: India is promoting its steel industry with trade protectionism and making China a “primary victim” of trade investigations, China’s official media alleged today and asked New Delhi to adopt “open-mindedness” towards the world’s largest steel producer. “It seems India is seeking to boost its domestic steel industry with some help from trade protectionism, making …
India adopting trade protectionism to boost domestic steel industry, says China Read More »
India is promoting its steel industry with trade protectionism and making China a “primary victim” of trade investigations, China’s official media alleged on Friday and asked New Delhi to adopt “open-mindedness” towards the world’s largest steel producer. “It seems India is seeking to boost its domestic steel industry with some help from trade protectionism, making …
India promoting its steel industry with trade protectionism: Chinese Media Read More »
MUMBAI: In a shift from its earlier strategy of an outright sale of the UK business, Tata Steel on Friday said it’s in talks for a JV with German engineering giant Thyssenkrupp in Europe, which includes Port Talbot in Wales and the Netherlands operations. However, there is no clarity on shareholding structure of the proposed …