Mexico’s steel metal market recently saw a slowdown on metal prices, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, […]
Tag: India
Iron Ore Prices Show Gains in China, but Is This a Temporary Rebound?
It’s still touch-and-go for the steel sector in China despite the sprouting of the first shoots of a possible manufacturing recovery. However, last Monday, benchmark iron ore prices in the country gained a surprising 7%. This is the biggest daily rise in two-and-a-half months. Is it a sign that we should be more optimistic, or […]
On the heels of COP26, India aims to expand renewable energy projects
In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In light of these targets, the […]
India aims to move up steel value chain under specialty steel scheme
India is trying to save some export bucks in the new year where specialty steel is concerned. In 2022, India plans to focus on increasing per capita steel consumption enhancing steel raw material security. All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo. India […]
India to become net exporter of steel to China; US stainless steel output forecast to rise 16%
News reports indicate India is set to become a net exporter of steel to China but will be surpassed by Indonesia as the world’s second-largest stainless steel producer. A new report by a financial credit rating company has forecast that going by current trends, India would turn net exporter of steel to China in this […]
This Morning in Metals: European Commission slaps duties on stainless steel products from India, Indonesia
This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October. Stay up to date on MetalMiner with weekly updates – without the […]
India follows China into a coal crisis
You do not have to look too hard to find failures of state-run economies around the world. Since the collapse of the Soviet Union, there is less enchantment with the model — outside China, anyway — than there once was. But what we remain plagued with is the idea government has a role in the […]
Facebook, Indian firm CleanMax reach deal on 32 MW wind power project
Social network Facebook recently announced an agreement with a Mumbai-based clean energy firm CleanMax for a 32 MW wind power project in India’s southern province of Karnataka. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Facebook to purchase energy […]
Vedanta wants to set up new copper smelter, three years after Tamil Nadu shutdown
The Vedanta copper plant in India remains shut three years after local residents protested against pollution stemming from the plant’s operation. That, however, has not fazed the Vedanta Group. Get social with us. Follow MetalMiner on LinkedIn. Vedanta to set up new copper smelter Vedanta now plans to set up yet another plant in the […]
India proposes to reduce duties on steel, stainless steel products
A budgetary proposal by the Indian government to reduce steel duties has divided the Indian steel sector. India proposes reduction in steel duties In her 2021 budget speech presented in parliament earlier in the week, Finance Minister Nirmala Sitharaman proposed reducing customs duty on imports of semi-flat steel. She proposed cutting the duy for the […]