This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
Tag: India
This Morning in Metals: China’s December Exports to the U.S. Fall
This morning in metals news, exports from China to the U.S. took a dive in December, India will drive global steel demand in the coming years and Serbia has requested an exemption from the E.U.’s imminent quotas on steel imports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook December Exports […]
Trump, Modi Kick Off New Year Talking Trade
The new year for India started on a positive note where trade with the United States is concerned. On Jan. 7, U.S. President Donald Trump called up his Indian counterpart, Prime Minister Narendra Modi to discuss, among other things, reducing the trade shortfall — a move that seems to have gone down well in Indian […]
Will India’s Coal Power Paradox Make the Country More Green?
Few would have predicted this five years ago, but India is facing a real dilemma. It is exacerbated by the country’s predilection for subsidies and set against the backdrop of a chronic power generation landscape. As any regular traveler to India will know, while power outages are not as common as they once were, they […]
This Morning in Metals: Chinese Steel Prices Continue to Slide
This morning in metals news, prices of Chinese steel and steelmaking ingredients were down Friday, India is in talks with the U.S. over a steel tariff exemption and Japanese crude steel output might be decline in the first quarter of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese […]
Vedanta Shares Rise After Indian Court Order to Restart Shuttered Copper Smelter
In a ruling that caught many by surprise, an environment court in India set aside a provincial government order to shut down Vedanta’s copper smelter plant permanently. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This is the same plant over which the local population in the southern Indian state […]
Hyundai Explores Possibility of Steel Plant in India
It may be in an extremely preliminary stage, but South Korean steelmaker Hyundai seems keen on setting up a steel plant in India. A team from the Hyundai group visited Visakhapatnam in South India, where the steel plant of Rashtriya Ispat Nigam Ltd (RINL) is located, and spoke of looking at the possibility of setting […]
Indian Steel Sector Looks on Nervously at RCEP Trade Talks
A move to hammer out a new trade agreement between the Association of Southeast Asian Nations (ASEAN) and other associated free trade agreement (FTA) countries has left India’s steel, manufacturing and other industries somewhat jittery. The country’s steel sector has been working overtime trying to make the Narendra Modi-led government understand its concerns, pointing to […]
Tata Steel Aims to Unify Brand Ahead of Long-Term Capacity Goals
Much is happening at Tata Steel. To begin with, the Indian steel conglomerate announced it was looking at increasing its installed capacity from the present 18.5 million tons (MT) per annum to 30 MT by 2025. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the near term, Tata wants […]
First Indian Steel Conclave Touts Indian Steel Sector’s Progress
It was the first edition of its kind, but it attracted quite an audience. The International Steel Conclave, organized by the Indian Steel Association and Messe Frankfurt India, was held in the Indian capital of New Delhi on Oct. 25. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Using the […]
