Steel futures opened lower Thursday in daytime trading on the Shanghai Futures Exchange. The most active construction steel rebar contract for October delivery was down 32 yuan (about 4.52 U.S. dollars) to
Chinese domestic steel prices are likely to face more downward pressure this month amid widespread pessimism around the world due to the rampant spread of COVID-19, according to Wang Jianhua, Mysteel&rsquo
President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to a source familiar with the decision. The plan would not apply to tariffs on Chi
As per an ICRA note, domestic firms may have to face challenges such as weak domestic demand, which is likely to lead to inventory pile up exerting pressure on steel prices.Though reported COVID-19 cases i
Metal industry organizations renewed the debate this week over the enforcement of Section 232 steel and aluminum tariffs after the US Customs and Border Protection said March 20, through its Cargo Systems
48 people at AK Steel Rockport Works will be out of a job at the end of the month.The United Auto Workers Local 3044 says AK Steel will be temporarily reducing operations starting March 31. The layoff is e
Chinese iron ore futures rose more than 5% on Wednesday, the most since July last year, on worries over supply as more countries including top producers of the steelmaking raw material ordered lockdowns to
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