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Thailand to protect domestic steel industry from China imports

Thailand’s Commerce Ministry and enterprises related to the steel industry have agreed on measures to promote sustainable growth as well as prevent an influx of cheap steel from overseas, especially China. The measures were agreed at a meeting of representatives ...

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Indian domestic steel producers reluctant to lower prices

Domestic primary steel producers are reluctant to lower prices of products for the coming month, even after NMDC, the country’s biggest iron ore miner, reduced ore prices last week. NMDC reduced prices of ore fines by 20% and lumps by ...

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VSA domestic steel consumption up by 25pct in Q1 2015

The Viet Nam Steel Association member companies’ domestic steel consumption rose in the first quarter, reaching 2.5 million tonnes, 25% increase on the year. The domestic steel industry produced 2.7 million tonnes in the Q1 up 17% over last year. ...

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Domestic steel producers feel the pinch as Russian rouble falls

KOLKATA: The fall in the Russian rouble has emerged as a threat for domestic steel producers. A sharp depreciation in the currency has made Russian steel relatively cheaper for importers even as it is offering better realization for exporters based ...

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Fitch expects lower domestic steel consumption in Russia in 2015

International credit ratings agency Fitch Ratings announced that it expects a further decline of 5% in domestic steel consumption in Russia in 2015 driven by deteriorating economic conditions. At the same time, Russian steel producers will be able to partly ...

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Relief For Domestic Steel Firms: NMDC Slashes Iron Ore Price

Owing to falling global prices and less demand, National Mineral Development Corporation (NMDC), a state-run iron ore miner, has cut down price of lumps by Rs 200 a tonne and Rs 100 a tonne for fines for December 2014. The ...

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Steel ministry asks for steel to be kept on negative list for RCEP

NEW DELHI: Apprehending that the domestic steel industry might face increased risk of dumping from China, Japan and South Korea due to India’s participation in a 16-country trade bloc called Regional Comprehensive Economic Partnership (RCEP), the steel ministry has requested ...

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China to cancel tax protection policy on certain categories of imported steel

The Chinese Ministry of Finance, General Administration of Customs and State Administration of Taxation has announced its decision to cancel the tax protection policy on certain categories of imported steel into the country. The decision is intended to boost the ...

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