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India: Steel industry seeks special financial package

The Indian Steel Association has sought a special financial package from the government and the Indian Banks’ Association in line with similar support provided to the textile and sugar industry. As part of the package, the body — which represents ...

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China: Steel industry needs market exit mechanism to cut overcapacity

A market exit mechanism must be put in place as the steel industry strives to cut excess capacity, China Iron and Steel Association said. “Though some enterprises have either cut or stopped production, the absence of an exit mechanism has ...

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European steel industry to attend landmark steel march in Brussels against MES for China

Employers and employees from the entire European steel industry will be attending a march in Brussels on 15 February to show support for fair trade, growth and jobs in Europe, as well as to protest against Chinese dumping on the ...

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This Steel Industry Win Isn’t As Good As Hoped

The U.S. Department of Commerce just set import duties on some Chinese steel products of as high as 235%. That’s great news for steel makers like AK Steel Holding Corporation (NYSE:AKS) and United States Steel Corporation (NYSE:X), but it won’t ...

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UAE steel industry to grow 30% by 2020: Conares CEO

Despite fluctuations in the construction market, the demand for steel products in the UAE is quite stable and has been on a growing trend, said Bharat Bhatia, CEO of Conares, the second largest private steel manufacturer in the region. Over ...

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Indian steel industry will grow three folds in next 10 years, Sajjan Jindal says

Indian steel industry is predicted to grow three folds in the next 10 years – from a capacity of 110 million tonnes (MT) this year to 300MT in 2025, said chairman and managing director of JSW Steel Ltd Sajjan Jindal. ...

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Steel industry calls for EU action on Chinese imports

An emergency meeting to discuss the crisis in the steel industry is to be held by European economy ministers at the request of the UK. The industry is demanding tougher action against cheap imports of Chinese steel, which it blames for ...

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British steel industry could be gone within a year unless David Cameron acts

The nation’s once proud steel industry may be gone within a year, unions warn as 15,000 workers face the axe. Caparo has fallen into administration, the second steel giant to do so this month after the closure of Teesside’s Redcar plant. ...

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Steel Industry Stock Outlook – Sept. 2015

The steel industry has long been considered the “backbone” of the economy. While the strong automobile and improving construction sectors continue to support demand, the steel industry is currently facing three major headwinds: falling prices, economic slowdown in China and ...

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Steel industry talks about striking ‘protection and competitiveness balance’

Current discussions between government and the steel industry are focused primarily on striking the “appropriate balance between protection and competitiveness”, Economic Development Minister Ebrahim Patel told Engineering News Online in an exclusive interview. He added that the talks were being ...

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