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CHINA STEEL OVERSUPPLY
Why India's steel demand is defying global weaknessIndia’s steel prices are rising despite weak global markets, supported by infrastructure spending, manufacturing growth and higher input co...
US has India as an ally and a target of investigation in the same manufacturing fightIndia has aligned itself with a US-led initiative aimed at mitigating global manufacturing overcapacity, joining 15 nations in this coopera...
Tata Steel shares in focus as CEO flags lowest steel prices in 5 years, global headwinds, and expansion plansTata Steel shares may remain in focus after CEO T V Narendran highlighted pricing pressures from global oversupply, Chinese exports and tra...
Global coal mine additions fall to decade low in 2024, yet oversupply risk looms from ChinaGlobal Energy Monitor reports a 10-year low in new coal mining capacity for 2024, decreasing by 46% from 2023. While construction slowed in...
Watch out for cheap steel, JSW tells India amid rising China flowJSW Steel's Jayant Acharya cautions India about potential steel dumping, particularly from China, due to global oversupply concerns exacerb...
Canada imposes a 100% tariff on imports of Chinese-made electric vehiclesCanada announced a 100% tariff on Chinese-made electric vehicles and a 25% tariff on Chinese steel and aluminum. Prime Minister Trudeau's m...
China’s steel exports face headwinds as trade backlash worsensChina may face a slowdown in its booming steel exports due to new anti-dumping actions by Vietnam and other nations.
Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' marginsThis is the third time in the past decade that local producers are confronting such a situation. "The government has in the past imposed du...
Just quality won't do, steel companies must cut rates: ExpertsExperts believe that despite the March quarter traditionally being the strongest for steelmakers both in terms of demand and margins, they ...
Sustained increase in steel prices in August can signal revival in domestic consumption: CARE RatingsThe statement is bolstered by changes in steel activity in China which will eventually have a bearing on the international steel prices and...
Global steel market to reach $865.5 billion by 2020: MarketLineSteel prices rose throughout most of 2016 as a protectionist backlash has prompted authorities in the US, the EU to clamp down on cheap imp...
India the only bright spot in steel production: Moody's Investors ServiceMoody's conclusions were contained in its just-released report, "Steel - Asia 2017 Outlook – Weakening Production and Earnings Keep Outlook...
Global steel oversupply must be urgently addressed: world leaders at G7 summitWorld leaders warned that the global oversupply of steel must be "urgently addressed", while taking aim at governments that contribute to e...
China makes most of a weak commodity market, boosts raw material purchaseThe weakest commodity market in 25 years is proving to be a boon for China as it grapples with the slowest economic growth since 1990.
Ore prices at 7-year low, why are steel cos hurt?Steel companies claim it is affecting their bottomlines at a time when they are being burdened by high finance costs and falling product pr...
‘Chinese steel industry faces unprecedented demand slump’The fallout from the steelmakers’ struggles is hurting iron ore prices and boosting trade tensions as mills seek to sell their surplus over...
The Steel industry is in incredible trouble today: Peter Marcus, World Steel DynamicMarcus says that worrying may make things worse as it might stagnate investment in fixed assets, something that constitutes 80 per cent of ...
- Sell MOIL with a target price of Rs 215
It has valued MOIL using a blend of DCF (40%) and 8.5x PE (60%). Citi said its manganese outlook is muted as its cautious on steel near ter...
- China denies "gobbling up" India's iron ore reserves
CISA has rejected assertions by Shah Committee that China gobbled up Indian ore, while "strategically stopped short of tapping its deposits...
- China steel exports seen strong despite rebate cut
China’s steel products exports are unlikely to slow in the near term despite lower export rebates, due to domestic oversupply and expectati...