NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Steel-Technology portal grants a dynamic and diverse feed of news items serving the purpose of granting incisive information related to the Steel industry.

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Amid talks of capping iron ore prices, miners body FIMI has warned that any such move by the government could prove fatal for the industry at a time when there are signs of turnaround. Indias iron ore output is projected to grow to about 170 million tonnes MT this fiscal…

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JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said. "We are looking at distressed companies for acquisition," JSW Steel Chairman Sajjan Jindal told a select group of mediapersons at…

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Nippon Steel & Sumitomo Metal Corp plans to raise prices of its steel products by about 5,000 yen per tonne in the April-September half to reflect rising costs of materials and distribution, its president said on Friday. "We have asked our customers to raise our products prices by about 20,000…

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Aluminum Corporation of China Ltd's (Chalco) net profit more than doubled in 2016, marking a second straight year of profitability thanks to recovering non-ferrous metal prices and cuts in production costs. The state-owned aluminium producer, one of the biggest in the world, made a net profit of 402.5 million yuan…

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It's taken a while but the iron ore market is finally getting the reality check it needed, although the Chinese part of the market still looks like it requires a bigger dose. Spot iron ore .IO62-CNI=MB fell to $84.99 a tonne on Wednesday, down 10.4 percent since its peak this…

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Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said. The mill is owned by Algeria's Cevital Group, which…

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The Ministry of Industry and Trade (MoIT) on Tuesday issued a decree imposing temporary anti-dumping duties on H-shaped steel products imported from China. Under the Decree No 957/2017/Q?-BTC, the anti-dumping duties imposed range from 21.18 per cent to 36.33 per cent and will be in effect between April 5 and…

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Tata Metaliks has informed the Karnataka government that it cannot implement its Rs15,000 crore 3-mtpa integrated steel plant at Haveri and because of non-availability of mines and iron ore. “The company has informed the State government that the project cannot be implemented and has requested for refund of the amount…

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Chinese steel and iron ore futures fell sharply for a second straight session on Wednesday as investors continued to cash in on recent gains even as the outlook in the physical market was supported by a seasonal pickup in demand. The losses in both commodity futures came after they posted…

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Nucor Corporation announced today that it will be investing $85 million to upgrade the rolling mill at its steel bar mill in Marion, Ohio. Nucor Steel Marion, Inc. is Ohio's largest producer of rebar and signpost, capable of producing over 400,000 tons annually. "Our Marion mill recently celebrated its 100th…