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News
LME to launch steel contract using Shanghai prices on October 27
3+ day, 12+ hour ago (217+ words) The London Metal Exchange will launch a steel contract using prices from its Shanghai counterpart on October 27, the LME said on Wednesday, advancing China’s drive to expand its influence over global commodity pricing. The LME announced a landmark agreement with…...
Indian steel prices set to rise further on coking coal costs, demand revival
4+ day, 5+ hour ago (388+ words) Indian steel prices are expected to rise further in the coming weeks as a post-monsoon pickup in infrastructure and automotive demand tightens the market while higher coking coal costs lift production costs of mills, executives and analysts said. Higher prices…...
Mexico starts anti-dumping investigation into Japan’s steel sheets
1+ week, 3+ day ago (159+ words) Mexico has started an anti-dumping investigation into imports of steel sheet originating in Japan, according to a resolution published early on Wednesday in the country’s official gazette. The investigation, accepted by the Mexican Ministry of Economy, was requested by Grupo…...
Indian steel mills face margin squeeze as global coking coal prices rise
3+ week, 3+ day ago (505+ words) Indian steel mills are facing mounting pressure on margins as higher coking coal prices, driven by supply disruptions in Australia and China and the Iran war, raise steelmaking costs, executives and analysts said. India, the world’s biggest crude steel producer…...