India levies retaliatory tariffs on 28 US products

Finally, after deferring retaliatory tariffs on the US for months, India has decided to impose higher tariffs on 28 American products including almonds, apples and walnut effective June 16, the government said in a notification. The retaliatory tariffs, triggered by the US announcing higher duties on Indian steel and aluminium last year, were deferred multiple […]

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China says to step up efforts to further slash steel and coal overcapacity this year

Chinese authorities said the country will press ahead with the efforts to cut excess capacity in key areas, including coal and steel sectors, this year, according to the official Xinhua news agency. In 2019, the government will focus on structural capacity cuts and promote the systematic improvement of production capacity, it quoted a circular jointly […]

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India’s crude steel output falls by 1% to 9.412 million tonnes in March 2019: worldsteel

India’s crude steel production fell by 1 per cent to 9.412 million tonnes uring March 2019, according to World Steel Association’s (worldsteel) report. India had produced 9.506 million tonnes crude steel during the same month a year ago, the global steel industry body said in its latest report. India produced 9.412 million tonnes crude steel […]

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Non-integrated steel makers to profit from weak forecast on iron ore prices; Odisha iron ore output rises 13%

Leading non-integrated steel players like Jindal Steel & Power Ltd (JSPL) and JSW Steel Ltd are set to profit from the muted hike in domestic iron ore prices. The subdued iron ore prices would also benefit Tata Steel as Bhushan Steel (a company Tata Steel took over in insolvency resolution) sources ore from Odisha, a […]

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