Chinese iron ore futures recouped early losses to extend their rally into a sixth straight session on Tuesday as steel prices stretched gains amid shrinking inventories and possible fresh output restrict
Steelmakers continue to face challenges arising from a glut of capacity in the global market that is driving down margins, and the effects are rippling through the sectors that provide raw steelmaking ma
In a step forward on auction of mineral blocks, the state government, Monday, opened the technical bids for auction of 10 mineral blocks.The directorate of mines has opened the technical bids for electro
China has started investigating production capacity at its steel mills amid increasing worries about the rapid growth in output this year, according to a notice circulated online on Monday.The notice joi
The Supreme Court judgement on Essar Steel has come as a breather for 535 other corporate debtors facing liquidation by December. These companies had crossed 270 days deadline for a resolution under the
Global iron ore prices shook off less than inspiring trade and production data from China for the month of October to notch up a solid gain last week.In fact, prices jumped more than 6% as solid demand f
Brazilian miner Vale SA has signed a physical iron ore spot deal to supply a Chinese steel firm using the Dalian Commodity Exchange (DCE) iron ore price, the bourse said in a statement.The deal comes as
After healthy growth in segment revenues and profitability over recent years, US Steel European division is proving to be the biggest drag on growth for U.S. Steel Corp (NYSE: X). Lower steel prices, slo
China Steel Corp yesterday gave a cautiously optimistic outlook for its business next year, citing growth from infrastructure demand in Southeast Asia and offshore wind farm development in Taiwan.Sluggis
The normally pragmatic Netherlands has been strangely agitated recently, as both the construction and agricultural industry have protested on the streets of the capital, the Hague, against the government
Low demand for long steel products such as rebar was at the root of the problems facing the steel industry, according to the International Rebar Producers & Exporters Association (Irepas).The raw mater
The big three Australian miners have all seen their share prices decline today, as iron ore flirts with the US$80 per tonne level.Certain things in the markets are unavoidable. Warren Buffet once said th
The top three Japanese steelmakers reduced their annual profit forecasts this month as slumping steel prices in Asia eroded their export margins while slower auto demand overseas and falling usage in machi
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