Metaljunction

The roller-coaster Essar Steel Minnesota economic ride has taken yet another dip, about a month after it seemed to have stabilized its funding.

India-based Essar, which for six years now has

In a report published Monday, Morgan Stanley analyst Carlos De Alba reiterated an Equal-Weight rating on Vale SA (NYSE: VALE), but removed the $15.20 price target.
 
In the report, Morga

Iron ore is down 30% this year and after a relatively quiet 2013, market volatility is back with a vengeance.
 
The market was jolted on March 10 this year, when iron ore suffered the wo

At $93.68, September 62% Fe Swaps are down $17.23 a tonne over the quarter for a loss of 15.54%.

But that hasn’t stopped analysts at Citigroup and Fortescue Metals chief financial offi

Steel and iron ore futures in China fell on Monday after recent gains that propelled them to one-month highs, reflecting continuing pressure from excess supply and lean demand growth in the world&#

India's containerized shredded scrap import market edged up after a two week of down trend. Prices for containerized shredded scrap imports to the Indian market rose last week, up by $2 a ton to $402 a

The new government is faced with an uphill task of formulating reforms and policies to revive the economy. Growth has declined sharply in the past few years, with the GDP falling to a meagre 4.4% in 2013.<

JSW Steel will complete the acquisition of Welspun Maxsteel in the next 15 days, CNBC-TV18 learns from sources. The deal is being valued at over Rs 1,000 crore.

JSW may ink deal with Welspun

CS Verma, Chairman, Steel Authority of India, is confident that steel demand will pick up once the projects that are held up take off. In an interview with BusinessLine, he spoke about smaller steel manufa

The Indian Steel Ministry has raised the issue of the erosion of competitiveness of domestic steel producers with the Prime Minister, claiming discrimination against the industry.
 
In a

A mixed performance in paper markets with Dalian off to the races but everything else easing back, including rebar futures.

Physical ignored Dalian and fell. So did rebar average. The Baltic

The European Commission on Thursday opened an investigation into unfair trade practices by Chinese and Taiwanese steel manufacturers, saying preliminary evidence shows that a steep increase in imports from

Iron ore prices, heading for a second straight quarterly loss, will rebound as the daily closure of mines supplying high-cost output in China boosts demand for seaborne shipments, according to Citigroup In

The average price of iron ore next year is set to fall below $US100 a tonne, according to the government's commodities forecaster.

The Bureau of Resources and Energy Economics estimates

The finance chief of Rio Tinto has said the mining giant is comfortable with its iron ore exposure despite the struggles of the commodity this year, according to The Australian.

Chief financ

Visakhapatnam Steel Plant (VSP) on Friday signed a memorandum of understanding with Rail India Technical & Economic Services (Rites), a Government of India enterprise under the Ministry of Railways, fo

Serious efforts are being made by the Telangana Government to set up a steel plant in Khammam district.

A team from the Steel Authority of India Limited visited Bayyaram, Paloncha and Kothag

Goa Chief Minister Manohar Parrikar has taken objection to capping of iron ore production in the state in the name of 'intergenerational equity'.

"Intergeneration equity has now

Eastern region is set to push India's steel capacity with an investment of nearly Rs 9 lakh crore for creating an additional 160 million tonnes per annum (mtpa) capacity in the next 10-15 years.

Investments of around Rs 12 lakh core would be required in steel sector by 2030 to treble the country's installed capacity to 300 million tonnes per annum (mtpa), Prime Minister Narendra Modi was infor