Metaljunction

Saying that restrictions on mining of iron ore in Karnataka and Goa has led to a steep drop of 35 per cent in its output, the steel ministry has asked the finance ministry to continue with the 30 per cent

The European Commission will launch an investigation by the end of this month into alleged dumping of stainless steel into the European Union by Chinese and Taiwanese producers, a leading executive said.

Steelmaker and metal recycler Steel Dynamics Inc. said Monday it expects higher per-share earnings for the current quarter than the year-ago period, citing a pickup in residential construction.

U.S. steelmakers have collectively lost $3.6 billion over the past five years. They are getting slammed by imports from state-bankrolled foreign competitors that are so heavily subsidized they don't ha

The London Metal Exchange (LME) said on Monday it plans to launch new steel rebar and scrap contracts and also said it was still committed to its existing steel billet contract.

The LME, own

Indian miners and traders are confident that recent drop in international iron ore prices will not trigger import orders from local steelmakers due to higher transportation cost at ports and gradual easing

Benchmark iron ore fell more than 2% on Thursday to fresh lows last seen September 7, 2012.

According to data from the The Steel Index, the import price of 62% iron ore fines at China's

Iron ore futures in China and Singapore dropped on Monday to the lowest since their launch last year, reflecting plentiful supply and tighter credit that has slowed purchases by Chinese mills despite a mor

Production of iron ore in China, the world’s biggest consumer of the key steelmaking ingredient, will climb to a record this year as bigger mines open, adding to a global glut that’s depressing

ArcelorMittal inaugurated an $832 million steel plant -- Valin AreclorMittal Automotive (VAMA) Steel -- to produce high strength automotive steels that are currently imported into the local market.

Essar Steel today said it has bagged an order to supply 1.2 lakh tonnes of steel pipes to Saurashtra Narmada Avtaran Irrigation project of the Gujarat government.

"Of the 5.86 lakh tonn

The Odisha government has given its in principle consent to be a partner in the Special Purpose Vehicle (SPV) proposed by the Union Steel Ministry, which has planned to revive investor interest in the sect

The Steel Ministry foresees a raw material supply crunch due to environmental constraints, mining caps, inadequate infrastructure to move iron ore, and the strain on overall reserves position.

Saying that restrictions on mining of iron ore in Karnataka and Goa has led to a steep drop of 35 per cent in its output, the steel ministry has asked the finance ministry to continue with the 30 per cent

In a major blow to Tata Steel, the Orissa High Court ordered the local government to restrain from allocating Sukinda chromite deposits to the private sector steel behemoth till June 19, the scheduled date

Two engineers lost their lives following a suspected gas leak on Monday morning at the Rashtriya Ispat Nigam unit in Visakhapatnam (Visakhapatnam Steel Plant). The two were working for SMS Siemag India Ltd

The accident at the Bhilai Steel Plant (BSP), which claimed six lives including two deputy general managers, has affected a part of the operations at the unit. While operations at BSP, which is among the c

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Paper markets are universally weak, plumbing new lows daily, although rebar futures were flat Friday. Physical is no better with rebar sliding relentlessly, ore spot

BNamericas reported that Peru's steel production is projected to rise 7.6% to 1.6 MT to meet surging demand from infrastructure concessionaires.

Consulting firm Maximixe said that new st

Mining for iron ore and copper in the US Upper Midwest is expected to stage a major comeback, as demand for both commodities locally and from foreign markets such as China continues to rise.