Weak Pound Buoys Tata Steel's UK Ops but Post-Brexit Worries Remain

[www.ferro-alloys.com]Benefits from the pound's depreciation and current restructuring not withstanding, India's largest private-sector steelmaker, Tata Steel, is still cautious about its U.K. operations and is carefully weighing its options. The Mumbai-based ...

Tuesday, September 13, 2016

ECC Disallows PSM to Sell Rs Five Billion Unfinished Inventory

[www.ferro-alloys.com] Economic Co-ordination Committee (ECC) of the Cabinet has not allowed Pakistan Steel Mills (PSM) to sell unfinished inventory of Rs 5 billion to meet its financial commitments including payment of salaries, well informed sources told Bus...

Monday, September 12, 2016

PHL’s Last Steel Mill Seeks CA Help to Collect Insurance Claims

[www.ferro-alloys.com] THE country’s last remaining steel mill has sought the help of the Court of Appeals, after the company’s insurance claims worth over P1 billion against nine insurance companies remained pending more than a year after the filing of form...

Friday, September 9, 2016

Vietnam Should Not Invest in Steel

[www.ferro-alloys.com] Recently, the Hoa Sen Joint Stock Group (HSG) made public a super project for steel production in central Ninh Thuan Province with a strong commitment on the use of clean technology. The Ministry of Trade and Industry has included the pr...

Friday, September 9, 2016

Ecc Approves Two-Month Salary For Pakistan Steel Mills Employees

[www.ferro-alloys.com] Economic Coordination Committee (ECC) has approved a grant of seven hundred and sixty million rupees for two-month salary of employees of Pakistan Steel Mills.

Thursday, September 8, 2016

Steel Industry Cautiously Optimistic After G-20 Summit

[www.ferro-alloys.com] China agreed at the G-20 summit to some steps toward reducing exports from state-owned industry, including the creation of a global forum studying overcapacity in the steel industry.

Wednesday, September 7, 2016

EU Erects Defenses against China’s Bloated Steel Industry

[www.ferro-alloys.com] At G20, Jean-Claude Juncker betrayed signs of frustration that Beijing was not cooperating.The EU has given its first public description of new trade defenses to protect European steel mills against a tide of cheap Chinese imports.

Wednesday, September 7, 2016

China Steel, Iron Ore Steady on Expectations for Mills to Restock

[www.ferro-alloys.com] Steel and iron ore futures in China stabilised on Tuesday, mostly clinging to gains from the session before, as the market was supported on expectations that steel mills will replenish their iron ore stockpiles amid a pick up in seasonal...

Wednesday, September 7, 2016
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