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STEEL SUPPLY GLUT
Trade war set to slash China's steel exports, aggravating oversupply at homeCHINA-STEELEXPORTS/ (PIX)Trade war set to slash China's steel exports, aggravating oversupply at home- Majority of steel imports under FTAs, making any duty hike ineffective, says steel secyIndia's steel industry is grappling with a surge in imports, primarily from countries with free trade agreements (FTAs). These duty-free im...
- Trump’s trade hurdles may cause a steel glut in India, rattle producersIndia is a net exporter of steel, with net outbound shipments of around 3 MT. It was a net importer two years ago before the government int...
- Moody's upbeat on steel sector,says Tata Steel to benefit mostThe agency said the earnings of Tata Steel will increase significantly due to newly-added capacity, and the same will remain steady for JSW...
- Operating conditions in India remain most supportive in Asia: Moody'sThe report said earnings of Tata Steel will increase significantly due to newly added capacity, while JSW Steel's earnings will remain stea...
- Steel mills in India to benefit from cheap raw material: ICRASustained demand weakness especially in key end-user industries remains a concern for the domestic steel industry with a growth of mere 4.6...
- Top steelmakers bet big on India revival by adding capacity"We’re one of the largest economies," Singh, 58, said in New Delhi. "Demand for steel will grow -- it will boom. Unless we create this capa...
- It looks like the worst is over for commodities for this yearUS crude oil production likely to decline by another 4,00,000-50,0000 barrels in 2016, in metals we expect more production cuts in aluminiu...
- Higher infra spend to boost Indian steel demand in 2016India steel demand is expected to grow year-on-year by a mid- to high-single-digit percentage because of increased infrastructure spending.
- Steel companies unable to cash in on low raw material costsIron ore prices have slumped to $30/tonne in the spot market, a decade’s low, hurt by poor demand from steel companies and increased suppli...
- Companies like Tata Steel and JSW Steel will benefit from captive iron ore supplies and rising domestic demand: Moody'sDespite the pressure on steel prices from imports, profitability of companies like Tata Steel and JSW Steel will remain the highest in the ...
- Moody's outlook on Asian steel industry turns negative"Steel demand from Southeast Asia and India will likely increase but will be insufficient to offset the decline in China," Moody's report s...
- In a world filled with gluts, zinc is suddenly hard to findFrom Africa to Ireland, mines that have produced zinc for decades are now tapped out and a fresh source of the metal has proven elusive.
- We will stay focused on producing higher volumes: NMDC chairman Narendra Kothari"In India, the situation is different. There is lot of pressure on steel sector due to dumping of steel from CIS countries and China," Koth...
- Iron ore extends decline to lowest since 2009 on excess supplyThe raw material used to make steel collapsed 50% this year as BHP Billiton, Rio Tinto Group and Vale expanded output, spurring a surplus.
- Tata Steel to import high-end products from EuropeThe sluggish global steel market has encouraged Tata Steel to take the decision to improve capacity of the European operation.
- China's steel industry faces supply glut in second half: expertChina faces a steel surplus in the second half of the year with production capacity continuing to grow and demand expected to drop.
- China's steel industry faces supply glut in second halfChina faces a steel surplus in the second half of the year with production capacity continuing to grow and demand expected to drop, a senio...
- Steel scarcity: Real or invented?The scarcity of steel in the domestic market has set off a relentless war of words between the country’s integrated steel manufacturers and...
- Steel prices may soften in 2007: SAIL CMDSteel Authority of India Limited (SAIL) on Sunday warned that prevailing high steel prices may not be sustainable next year and the industr...
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