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GLOBAL STEEL OVERSUPPLY
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...
How we can steel a March on USThe US has imposed a 25% tariff on steel imports, affecting global steel markets and potentially leading to oversupply and lower prices. In...
Exporters fear US tariff hike on steel will spur dumpingIndia risks a significant steel surplus as US tariffs potentially slash steel exports by 85%, leading to dumping in India. This expected ex...
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...
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...
Graphite India Q3 profit surges 79% YoYCompany officials attributed the performance to stabilization of electrode prices globally.
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...
Steel output likely to hit 127.1 mn tonnes by 2020: BMI"India will be the global steel production growth bright spot as demand from construction, auto and infrastructure industries continue to a...
Global steel prices to soften during Jul-Dec, predicts BMI ResearchIt expects prices for the metal to trade in the range of $450-520 per tonne during the second half of 2016 with the average price for the y...
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...
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 ...
Fall in coking coal prices to help steel companiesCoking coal, a key ingredient in steelmaking, has tumbled 16% in the quarter to June over the previous quarter, according to rating agency ...
Care for curbs on iron ore fines export, warns of low reservesAdvocating curbs on exports of iron ore fines, the rating agency Care today said the domestic reserves are likely to last only 28 years if ...
Global steel output rises 3% in Jan-Sept' 2013Global steel production rose 3% to 1186.2 million tonnes in the nine months to September from a year ago, despite concerns of overcapacity ...
Tata Steel gains 30% in six sessions: Is it time to exit?After taking a massive hit of over 44% so far this year, Tata Steel stock has surged around 30% in just six sessions in the run-up to quart...
- Credit Suisse puts 'underperform' on JSW Steel
Credit Suisse maintains `Underperform’ rating on JSW Steel, however , it increases the target price to Rs 700.