Metaljunction

Tata Steel Ltd is tapping into the lowest foreign loan rates in six years to cut the cost of debt that funded its 2007 takeover of the UK's Corus Group.

 India's biggest

The board of Uttam Value Steels has approved the merger of its steel engineering operations with Lloyds Steels Industries Ltd, the former said in a filing to the stock exchanges. According to the s

The Steel Ministry is likely to highlight the need for raw material security, cheaper credit and dilution of stake in PSUs to 51 per cent in a presentation to Prime Minister Narendra Modi on Friday.

Peru's steel demand is expected to rise 5% this year after demand remained flat in 2013, as work gets underway on large-scale infrastructure projects.

Source: BN Americas

South Korean steelmaker POSCO said on Tuesday that it will not buy two of the units of the cash-strapped Dongbu Group conglomerate, citing financial burdens and price differences.

Korea Deve

The United States will slap duties on imports of stainless-steel pressure pipe from Malaysia, Thailand and Vietnam after finding the products had been sold at unfairly low prices, the government said on Tu

The Minister of Mines and Steel Development, Mr Musa Sada, said on Tuesday that Nigeria was endowed with iron-ore and other steel raw materials in commercial quantity for the production of steel.

From Credit Suisse comes some good news for iron ore as marginal Chinese iron mines stay closed after winter:

We expect further incremental closures to be forthcoming but do not believe ther

Iron ore futures in China and Singapore edged lower again on Tuesday, after recent gains,pressured by plentiful supply forcing Chinese mills to unload more cargoes into the market.

An upbeat

Ah yes, it’s a stampede! From Craig James:

CBA analysts recently downgraded iron ore price forecasts for 2014/15 to US$98 per tonne from US$114/t and calendar year 2015 to US$100/t fro

There goes the iron ore miner rally. Credit Suisse has abandoned its support of iron ore juniors.

AGO:

Our AGO valuation has been slashed due to the fall of the iron ore price

Australia revised down its 2015 iron ore and metallurgical coal price forecasts as rising output of two of the country's biggest export earners outstrips demand, raising concerns for mining companies a

The Steel Authority of India Limited (SAIL) would start inviting mine developers and operators (MDOs) to start project development at two of its prized iron-ore reserves by mid-July.

The dec

Mahindra Ugine Steel said its chairman Anand Mahindra on Tuesday sold all his 13,617 shares in the company for over Rs. 58 lakh.

Mr Mahindra sold 13,617 shares, or a 0.04 per cent stake, in

Steelmakers in Odisha are on tenterhooks with the state government dragging its feet over devising a mechanism for proper implementation of its resolution to reserve at least 50 per cent of the iron ore pr

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant is mulling increasing prices of its product following hike in railway freight charges, a senior company official said

The NDA Government plans to set up a separate auction of coal blocks for the steel industry expeditiously. According to a Steel Ministry note, the Ministry of Coal on Tuesday stated at a joint meeting that

Government is working on creating a single-window mechanism for granting faster regulatory clearances to boost coal, steel and power production. Following an inter-ministerial coordination meeting, Coal an

The new government on Tuesday signalled that it would set up a single-window clearance system for capital-intensive steel, coal and power projects, as it seeks to lift flagging economic growth by s

Construction at Tata Steel Ltd’s Kalinganagar steel plant in Odisha remained stalled for the second day after Monday’s violent clash between labourers and security staff, a top government offic