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UKRAINE STEELMAKERS
World's top miners BHP, Rio Tinto see India emerging as steel's next growth frontier beyond ChinaGlobal mining giants BHP and Rio Tinto are focusing on India for future steel demand. India's rapid urbanisation and infrastructure project...- EU import cuts threaten Ukraine's battered steel sector, Interpipe CEO saysUkraine's vital steel sector faces a new threat from European Union import quotas. This move could severely damage the war-torn industry, d...
- Wars in West Asia and Ukraine are turning shipping costs into steel sector’s biggest headacheIn the face of a daunting 28-30% increase in international freight costs, India's steel sector is at a crossroads. The unrest in West Asia ...
- Blockade breach? $500 million Russian-linked superyacht sails through Strait of Hormuz amid US-Iran warA superyacht linked to sanctioned Russian billionaire Alexey Mordashov, the Nord, transited the Strait of Hormuz, a route severely restrict...
- China, India place strategic bets on clean energy out of favour in the WestChina and India are aggressively pursuing green hydrogen, investing billions to build massive production capacity. While China focuses on s...
- Ukraine increases steel production despite loss of coking coal mineUkraine continues to grow steel production in early 2025 despite the suspension of its key coking coal mine in Pokrovsk due to security con...
- India to seek easing of EU steel quotas, tarrifs in trade talks"India is likely to take up the issue of EU's steel import quota and their high tariffs during the free trade negotiations," said the offic...
- Tata Steel buys coal from Russia weeks after vowing to cut tiesTata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw mater...
- Indian steelmakers face hit on Europe deals over export tax: JSPLIndia imposed an export tax of 15% on eight steel products late on Saturday, at a time steelmakers are looking to make up for tepid local d...
- Steel demand in India to grow around 10% in 2022: Moody'sDemand for steel is expected to grow by around 10% through 2022 amid the government's continued focus on the construction of roads, railway...
- Melting point: The Ukraine-Russia conflict is a reminder why India needs a steely resolve to ‘Make in India’The war in Eastern Europe has made import-dependent steel companies wobbly. Strange, considering that India is a big steel producer. There ...
- Ukraine's top steelmaker Metinvest says it will never work under Russian occupationThe company controlled by Ukraine's richest man Rinat Akhmetov said that Ukraine, one of Europe's biggest suppliers of iron ore, had also m...
- Steel cos have agreed to cut prices for MSMEs despite disruption: RCP SinghDue to the geopolitical situation, global steelmakers, mainly from Germany and the UK, have hiked prices sharply by at least 25%. Indian st...
- Steelmakers hike rebar, HRC prices by Rs 1,500-Rs 2000 a tonne as coking coal costs surgeThis is the fourth round of increase in March. Effective price for HRC stands at Rs 72,500 73,500/t and CRC price stands at Rs 78,500-79,00...
- Steelmakers feel the heat, find alternativesSteel scrap is used as the primary input into steelmaking through the electric arc furnace and the induction furnace routes, while iron ore...
- Can steel stocks really emerge as key beneficiaries of Russia sanctions?India’s share in EU imports could potentially increase in the near term, said Nomura India, but it felt that supply disruptions could lead ...
- Disruption to supply chains unlikely: Indian metal makers"So far there is no impact in our supply chains. We do not import any raw material from Russia or Ukraine," said an executive from a top st...
- Coal import bill of steel companies set to riseThe coal import bill of steel manufacturers is set to rise with the slump in the rupee pushing up spot prices of coking coal, an essential ...
- Govt may impose 10% import duty on flat steel productsWith a view to bring relief to the domestic steelmakers, the finance ministry is likely to impose a 10% import duty on flat steel products ...
- Blast in Mittal's Kazakhstan mineAn accidental blast at coal mines in Kazakhstan and Ukraine killed at least 53 people.
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