There is something to cheer for Indian steel and mining industry, who have been struggling to survive post Supreme Court’s decision on suspending mining operations for those running under second and third deemed renewal.
Issuing a statement, Turkish Steel Exporters Union (Ç?B) Chairman Nam?k Ekinci shared his comments on the result. Ekinci stated that the union had been declaring through all available channels that Turkish steel exporters are not involved in damping, as the ...
Base metals reversed from Monday’s stronger close on LME trading, starting the week’s Asian trading mostly lower this Tuesday after yesterday’s Mid-Autumn break.
JSW Steel, India’s one of the largest steel producers, has increased imports significantly but overall purchases have declined by about 16% in August against July.
Mining companies will aggressively pursue increased output in the face of continuing weakness in the iron ore price, though with forecast demand not expected to keep pace with production, one analyst is warnings of a potential "disaster".
The Times of India reported that India would become the third largest steel maker, with an installed capacity exceeding 110 million tonnes per annum by 2015 when the ongoing expansion projects of SAIL and some private steel makers come on stream.