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Galvanised steel producers to cut prices by 5%

Steel manufacturers will soon reduce galvanised prices by three to five per cent or  Rs 1,000–1,500 a tonne, thanks to a steep decline in raw material costs. “Falling raw material prices have reduced the cost of production; we will pass ...

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Steel producers warn on Chinese rebar

UK Steel, the trade association that represents the interests of the UK steel industry, says that Chinese rebar sold in the UK has small amounts of other elements added so that it can be classed as ‘alloy’ and thus qualify ...

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Steel producers cut prices under pressure from cheaper import

Major steel producers have reduced prices of the finished product by three-four per cent for the month of January as metal prices across the world continued a downward trend. Domestic producers have announced price reduction of Rs 1,000 a tonne to Rs ...

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Iran among world’s biggest steel producers

According to the report, Iran’s crude steel output totaled 1,459,000 ton this November which shows a 6.1 percent growth compared to the same period last year (1,375,000 ton). The total steel production of Iran during the last 11 months in ...

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‘Make in India’, imports Chinese steel in large-scale

In the run to make India, the exporting powerhouse, the Modi government, within 5 months of rule, has outran all the records of import of steel as well as the import of iron ore . Even though the  country produces enough capacity ...

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Pricing power seen returning to steel producers

Pricing power seen returning to steel producers

After about two years, pricing power seems to have returned to steel companies. Now, primary steel producers are preparing to raise prices for this month. On Wednesday, NMDC announced a rise of Rs 250-300 a tonne in domestic iron ore prices. “Taking the total domestic demand-supply environment into ...

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