NEWS

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India’s coking coal import is likely to rise by 5.7 per cent to 46 million tonnes, a record, in 2016-17. There has been a sharp increase in demand from steel mills, which have scheduled the commissioning of 6.7 mt of additional output capacity. Last year, coking coal import growth was…

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Price increases of $30/st announced by the majority of US flat-rolled sheet steel producers at the end of last week and on Monday have received generally positive feedback, sources said Tuesday. However, most were still trying to decipher the new price levels. A buyer said the increase had been going…

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Raw steel production in the Great Lakes region slid to 632,000 tons last week, down from 656,000 tons a week earlier, a decrease of 3.6 percent. Capacity utilization nationwide was only 67.3 percent last week, the seventh straight week it’s been mired under 70 percent. Overall U.S. steel output rose…

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The U.S. International Trade Commission on Tuesday voted to lock in duties on imports of welded stainless pressure pipe from India as it affirmed the goods were harming the U.S. industry. The action finalizes provisional duties of up to 13.3 percent set by the Commerce Department after it found India…

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German engineering giant Thyssenkrupp AG is in talks with Ternium SA to sell its large steel plant in Brazil, a step that would finish unwinding the German company’s unsuccessful investment push in the Americas, according to people familiar with the matter. The discussions are at an advanced stage and could…

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The global steel industry is on the mend, at least for now. China’s Baoshan Iron & Steel Co. has kicked off the earnings season for the quarter to September by reporting a jump in profit that’ll probably presage similar figures from producers in Asia, Europe and the U.S. The listed…

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China’s steel juggernaut is picking up speed closer to home. As governments in Europe and the U.S. limited supplies of Chinese metal they said was dumped on the market, the world’s largest producer is expanding exports to its neighbors in Southeast Asia. A third of all Chinese shipments now end…

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A few aspects of the growth story of the Indian steel industry is currently being discussed or talked about in various forums. The opinions expressed on these issues are varying in nature but interesting enough to be considered in some detail First, has the MIP benefited the industry? And if…

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The government may impose anti-dumping duty on imports of certain flat steel products from China and European Union to protect the interest of domestic players from cheap in-bound shipments. In its preliminary findings, the directorate general of anti-dumping and allied duties (DGAD) has recommended the duty on imports of "colour…

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While no steel maker will be happy with the explosion in coking coal prices, Chinese mills are the best placed to deal with the impact, given they are nowhere near as exposed to spot prices as competitors in the rest of Asia and Europe. The spot price of premium hard…