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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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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China sets antidumping measures on steel products from EU, Japan, South Korea, Indonesia; Indonesia also slaps duty on Indian steel

Indonesia and China slapped anti-dumping import duties on each other’s steel products in an escalation of a global tariff row involving one of the world’s most widely used metals. Indonesia extended anti-dumping import duties of up to 20 per cent for a number of flat-rolled iron and steel products from seven countries, including China, Russia […]

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Jindal Stainless says adopts future-proof data management platform

India’s largest stainless steel manufacturing group, Jindal Stainless has become one of the early organisations to migrate to BW/4HANA, one of the world’s fastest data warehouse and reporting system. This transition has been achieved along with ‘remote conversion route for 6 years legacy data’, the company said in a statement.  “It is a historical breakthrough […]

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Mergers and consolidation to fuel upgrade China’s steel sector

Mergers and acquisitions will provide the impetus for sustainable transformation and upgrade of the iron and steel industry and leverage on gains from the overcapacity reduction campaigns in the sector that are coming to an end, industry experts following China’s steel sector said. According to the National Development and Reform Commission, the nation’s top economic […]

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