Metaljunction

That the global steel industry is in a downturn is NOT news. What does make headlines, though, is how various steel makers are dealing with the situation. Some find new steel products or markets to survive. Oth

In two months, JSW Steel (JSW) has surged 28 per cent on bourses, touching a 52-week high of Rs 1,084 last Thursday, supported by the company's strong performance despite challenges on the iron-ore availability

Iron ore prices are set to slump in the second half as more steel companies in China will probably go bankrupt, hurting demand in the world's largest user just as supply expands, according to Standard Chartered

InfodriveIndia.com, India's premier research company in import export data, announced today that India's Iron and Steel imports in March- 2014 has grew to US$ 730.69 M, a increase of 19.04% compared to February

Iron ore inventories Iron ore inventory at Chinese ports can be an important indicator for dry bulk shipping industry, since it indicates the short-term demand for iron ore imports. When inven

Driven by weakness While the broad market's weakness might explain part of the recent sell-off in the Guggenheim Shipping ETF (SEA) and dry bulk shipping companies such as Safe Bulkers Inc. (S

China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore. Instead, overseas suppliers ma

China's spot steel prices were mostly unchanged on Wednesday April 16, though the longs market is showing some signs of weakening. In Beijing, prices for grade III rebar were at 3,200-3,230 yuan ($518-523) pe

Official data shows China's economy in the first quarter grew at its slowest pace in 18 months, but two proxies point to some resilience. Electricity output--an indicator favored by Premier Li Keqiang over gro

AK Steel Holding Corporation ( AKS ) will hike prices of commodity sheet and strip, pipe and tube sheet and strip as well as specialty sheet and strip through a discount reduction of 2 percentage points. The co

Tata Steel today said both its domestic annual production and sales hit record levels in 2013-14 at 9.15 million tonnes and 8.52 million tonnes, respectively. "Tata Steel completed FY14 with an overall incr

Chinese steel and iron ore futures weakened on Wednesday after the world's second-largest economy expanded at its slowest pace in 18 months in the first quarter, although a slightly higher than-forecast growth

A new report finds the steel sector continues to face significant headwinds, with excess capacity remaining the biggest drag on the industry. Nimble steelmakers that sought out rare market opportunities would

China's average daily crude steel output hit a record high 2.27 million tonnes in March, government data showed, as steelmakers ramped up on expectations of increased seasonal demand but a slowing economy may c

Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale o

Vale SA (NYSE:VALE), the world's No.1 iron ore producer, received a $2.8 billion loan from the country's national development bank BNDES for expansions at Carajas, the largest iron-ore complex in the world. Th

United States domestic raw steel production dropped by 2.8% year-on-year to 1,785,000 net tons in the week ended April 12th this year while the capability utilization rate was 74.2 percent, as per the latest fi

US service center inventories of steel products contracted in March, while Canadian steel inventories rose to their highest level since June 2013, according to Metals Service Center Institute data published Tue

Russia's second-largest steelmaker Severstal produced 3.9 million tons of crude steel in the first quarter of 2014, an increase of 3 percent from the same period a year ago, while the company's sales of steel

The Commerce Commission will allow an Australian-owned firm to buy New Zealand's only steel mills. The commission said this morning it would allow the mooted $120 million sale of Fletcher Building's Pacific St