Steel Market

The crisis will likely be longer and “more difficult to endure than we expected,” Hu Wangming, chairman of China Baowu Steel Group Corp., told the company’s half-year meeting, according to a statement

Nippon Steel's aggressive bid for US Steel signals better time ahead for the sector 

Nippon's acquisition of US Steel at more than double the nearest competing bid underscores the strategic importance of US Steel in Nippon's growth plan. Beyond China, the combined production capacity of Nippon and US Steel will make it the largest globally. 

Soaring prices herald boom time for steel makers

Steel prices are ruling at record highs and demand is surging, as businesses ramp up production amid an easing of pandemic curbs

Need different tariffs to combat steel imports: JSW Steel

In order to avoid the safe guard duty, the Chinese are under pricing the products, so there has been no relief for the domestic steel producers as such, said Seshagiri Rao, Joint Managing Director of JSW Steel.

Steel prices remain quiet in thin trade

Traders said absence of worthwhile activity from construction units due to adverse weather conditions mainly kept prices steady.

Steel remains flat in thin trade

Traders said adequate stocks position against scattered deals mainly kept prices unaltered.

ArcelorMittal keeps forecast despite worse market view

ArcelorMittal said the global steel market should be flat in 2015, compared to a previous forecast of growth between 0.5 and 1.5 percent, with sharp downward adjustments to the outlook for Brazil and the region around Russia and cuts to China and the United States.

Boost to steel mkt as China group collaborates with India

Taiwan and India joins hands to widen the market reach in steel production. China Steel Group contributes to India‘s ‘Make in India‘ project in steel market.

Weakening rupee a blow for Punjab steel producers

Weakening rupee against US dollar has come as a severe blow to Punjab’s secondary steel market, with industry cutting down output by whopping 30% in the wake of rising cost of imported raw material.