As if cheap steel imports from the Association of Southeast Asian Nations (ASEAN) was not enough of a problem to handle, India’s steelmakers are now fretting over heavily discounted steel imports coming in from Iran, a country that is under economic sanctions imposed by the United States. Need buying strategies for steel? Request your two-month […]
Tag: India
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
India’s NCLT OKs ArcelorMittal’s Resolution Plan for Essar Steel
Steel tycoon Lakshmi Mittal’s dream of re-entering the Indian steel market is about to come true. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After almost a year of legal tussles, the National Company Law Tribunal (NCLT), Ahmedabad bench, gave the green light to ArcelorMittal’s resolution plan for the debt-laden […]
This Morning in Metals: Copper Rises on China’s Stimulus Announcement
This morning in metals news, the copper price picked up steam, the U.S. terminated the status of India and Turkey as beneficiaries of the Generalized System of Preferences (GSP) program, and Vale SA shares fell as the Brazilian miner’s CEO and other executives resigned over the weekend. Need buying strategies for steel? Request your two-month […]
India Faces Lack of Domestic Steel Options for Railway Development Initiatives
The railways sector is one of the high-growth areas in India, so far as infrastructure is concerned. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Much of it still runs on a setup that its former colonial ruler, the British Empire, left behind, and then some. In a bid for […]
This Morning in Metals: Brazil Suspends Operations at Two Vale Facilities
This morning in metals news, a Brazilian governmental regulator has suspended operations at two Vale SA facilities, India’s steel production jumped 4% year over year during the April 2018-January 2019 period and a company is seeking a federal loan to bring a promised aluminum mill to Kentucky. Need buying strategies for steel? Request your two-month […]
India’s Aluminum Producers, Like Steel Counterparts, Battle Rising Imports
Last week, MetalMiner reported on the challenges India’s steel companies face in the form of cheaper imports, and their desire for the Indian government to impose an import tax. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The woes of India’s aluminum producers, too, are similar. Primary and secondary producers have […]
Indian Government Aims to Boost Domestic Steel Sector with Import Restrictions
Steel imports are once again threatening India’s steel sector, spurring major steel companies to ask the government to impose steel import duties. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the past few months, representatives of steel companies like Tata Steel and JSW Steel have met steel ministry officers […]
Indian Gold Prices Rise as Analysts Expect a Demand Bump in 2019
Gold is back in the news in India, the second-largest consumer market in the world. Gold prices have been moving upward, buoyed by several conditions, since January. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Feb. 6, for example, retail gold prices touched approximately U.S. $461 (Rs 33,000) per […]
This Morning in Metals: Steel Mills’ Capacity Utilization Rate Hits 80.5%
This morning in metals news, U.S. steel mills’ capacity utilization rate inched up this past week, India’s steel sector looks to the government for protection from diverted steel, and the Office of the United States Representative (USTR) released its annual report on the WTO compliance of China and Russia. Need buying strategies for steel? Request […]