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News
LME to launch steel contract using Shanghai prices on October 27
4+ hour, 12+ min 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
21+ hour, 29+ min 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, 7+ hour 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, 6+ hour 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…...
EU unveils new steel import quotas to protect its industry from overcapacity
2+ mon, 1+ week ago (357+ words) The European Commission unveiled quotas under the new system to limit duty-free steel imports into the EU, in a move designed to protect the bloc’s steel sector and increase its capacity utilization. Under the new rules, the European Union’s annual…...
Trump signs proclamation amending tariffs on steel, aluminum and copper imports
3+ mon, 1+ week ago (220+ words) US President Donald Trump on Monday signed a proclamation amending his Section 232 national security tariffs on some aluminum, steel and copper imports, the White House said. The proclamation lowers tariffs on some steel and aluminum derivative products, including certain types…...
ArcelorMittal donates steel for Trump ballroom
4+ mon, 1+ week ago (177+ words) ArcelorMittal said on Thursday it had donated steel for a White House ballroom project backed by US President Donald Trump. The Luxembourg-based steelmaker’s donation is ongoing and it has delivered 600 tonnes for the project to date, according to finance chief…...
China’s iron ore starts new year higher on strong demand, tight supplies
8+ mon, 2+ day ago (220+ words) BUY/SELL GOLD & SILVER China’s iron ore futures rose on Monday, the first trading session of the New Year, supported by strong demand and ongoing supply constraints. The most-traded May iron ore contract on the Dalian Commodity Exchange (DCE) gained…...