June rebar margins for China’s blast furnace mills fell by over 50% – survey

(This story appears here courtesy our content partner MySteel Global) China’s 91 blast-furnace mills under Mysteel’s monthly survey have reported that the gross profits they earned on the three major steel products all shrank last month, with their average margin on rebar plunging the deepest, tumbling by Yuan 163/tonne ($23.3/t) on month to just Yuan 92/t […]

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Udupi district in Karnataka allows rice mills, coconut oil manufacturing units to operate during lockdown

Consumers of rice and coconut oil in coastal districts of Karnataka can heave a sigh of relief as the Udupi district administration has made arrangements for the operation of rice mills and coconut oil producing units in the district, reports Hindu BusinessLine. Udupi district houses a significant number of these units along coastal Karnataka. Considering […]

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Maharashtra cooperative millers seek to delay crushing to 1 December, 2019

Cooperative sugar millers in Maharashtra have urged state sugar commissioner Shekhar Gaikwad to postpone the crushing season of 2019-20 to December 1, 2019. Millers have put forth this demand before the Commissionerate owing to the damage caused by recent floods in Satara, Sangli, Kolhapur and drought situation in Marathwada, Ahmednagar and Solapur which has led […]

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Oil Millers ask focus to be shifted on groundnut meal exports to get rid of groundnut stocks in Gujarat

After NAFED found it difficult to sell off the groundnut heaps to millers, the latter are suggesting export of groundnut meal instead, a Hindu Business Line report confirms. Millers are suggesting to push groundnut meal exports, a by-product of groundnut after oil has been extracted from it.  It is considered a rich source of protein […]

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