Steel producers in India raise prices by Rs 1,000-1,500 a tonne as demand perks up

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Responding to cost pressure and greater demand, domestic steel producers have raised prices by Rs 1,000-1,500 a tonne across products for January, reports Business Standard. “Iron ore miners have increased prices by Rs 600 per tonne and so this increases the cost of production by Rs 1,000 a tonne. Hence, we have hiked prices from […]

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China’s steel supplies might outpace demand this year as output rises – report

After last year’s bumper profits for China’s steelmakers, there is a risk that the steel supply might outpace demand in 2019 as producers become leaner and more efficient than ever, industry leaders have warned, Caixin Global reported. It said that despite government promises to cut excess capacity, China still produces over half the world’s steel, with […]

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