Steel makers set for profit surge in March quarterSteelmakers are poised for a significant profit surge in the March quarter, driven by a new protectionist measure and seasonal demand. High...
Coal India, NMDC emerge as must-watch mining plays as spot prices surge, says Motilal Oswal's Siddhartha KhemkaIndia's mining and metals sectors show strong opportunity with surging coal and iron ore prices, benefiting Coal India and NMDC. Private ba...
Steel to stay costly through 2026, India to lead demand rebound in 2027: ReportGlobal steel demand will stay weak, growing just 0.3% in 2026, with China dragging growth while India emerges as a strong outlier. Despite ...
Goods train derails near Mumbai, railway operations affectedA goods train derailed at the Palghar railway station. Several trains have been cancelled or rescheduled by the Western Railway. This has a...
Volatility in steel prices to continue in medium-term: SteelMintIn the last six months, the steel prices have not been stable. The user industry has been witnessing price revisions on a weekly basis. "Th...
Steel prices fall on cheaper iron ore, weak demandThe fall in steel prices is unlikely to impact steel companies’ margins and spreads due to a steeper fall in the prices of iron ore, a key ...
NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonneThe announcement has come at a time when steel is trading at an all-time high. In May 2021, the steel makers raised prices of Hot Rolled Co...
China exchanges move to cool iron ore, steel price rallyThe Dalian Commodity Exchange said it would raise trading limits and margin requirements for iron ore contracts for delivery in June, Septe...
Defying trade tensions, Chinese buyers snap up Indian steelLeading Indian steel companies Tata Steel Ltd and JSW Steel Ltd were among Indian companies that sold a total of 4.64 million tonnes of fin...
Defying trade tensions, Chinese buyers snap up Indian steelTraders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 o...
Indian steel players to enjoy better profitability in near term: IcraFurther, industry players can see additional gains due to an increase in sales volumes, as imports are likely to reduce in the current year.
JSW Steel hikes prices of all products by 2%JSW Steel has increased prices by about 2 per cent or about Rs 750 per tonne across all categories for the current month.
- Budget 2011: Raise import duty on HR coils by 5%, says ASSOCHAM
ASSOCHAM feels that pro-active policy measures adopted by Government of India can help expand the HR Coil capacity by additional 8 million ...
- Why should govt fear steel imports?
Since the government is stepping up public investment in infrastructure, reduction in the cost of a vital building material like steel shou...
- Steel prices dip up to 6 per cent in last fortnight
Government said steel prices have declined up to six per cent during the last fortnight on the back of measures taken by primary steel prod...
- Govt plans duty rejig to cool steel prices
The government seems to be ready with a magic potion to check rising prices of iron and steel.
- Supply-hit ingots steel the march
A huge demand and supply mismatch for steel ingots is propping the price of the raw material, which has risen by over Rs 500 in the last fe...