Chinese steel producers saw their profits fall 18.2 percent year on year in the first five months of 2019.

The open interest in steel contracts on ICEX has seen a 40 per cent spike in the past four months.

Three-fourths of the amount will be used for the Rs 23,500-crore.

American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of June totaled 2,695,000 net tons (NT).

It said the Commerce Department inquiry was initiated at the request of...

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