The Indian government said reducing the impact of carbon emissions is “one of the greatest challenges” for the steel industry, and called for collaboration among stakeholders to address the issue. Speaking at a webinar ‘By-Product Management for Indian Steel Industry’ organised by industry body FICCI, Steel Additional Secretary Rasika Chaube said it is important to […]
The earnings of Indian steel manufacturers such as JSW Steel, Tata Steel, etc, are likely to rise in the coming months as prices of coking coal, a prime raw material, are expected to dip as China has put a ban on Australian coking coal. Softer coking coal prices shall directly support EBITDA per tonne accretion of around […]
In August, China’s blast-furnace steel mills saw most of their steel margins squeezed by higher production costs especially with the multiple-year high imported iron ore prices, according to Mysteel’s latest monthly report. For rebar, the most popular long steel product in China, the average margin among the country’s 91 sampled mills plunged Yuan 43/t on month to merely Yuan 25/t on average, […]
Tata Steel Ltd. has proposed that the U.K. government invest more than 900 million pounds ($1.2 billion) to take a stake in its British operations and protect the Port Talbot steelworks in Wales, Sky News reported. Under the plan, the British taxpayers (state) would control a stake of as much as 50 per cent in Britain’s […]
