Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Iron ore futures finished 2025 with an annual gain, marking a notable turnaround from earlier-year concerns over weak demand. Reuters reported that futures were trading in a relatively tight range but the broader year still closed higher as sentiment and demand proved more resilient than expected.
A key support has been steel exports, which have helped offset softer domestic demand conditions in major consuming markets especially China by keeping mills’ offtake steadier than feared. While China’s crude steel output in 2025 has been under pressure, Reuters notes iron ore buying has remained comparatively strong, reflecting restocking behavior and expectations of policy support keeping the raw material market firmer than steel fundamentals alone would suggest.
Looking ahead, the iron ore narrative remains closely tied to how steel trade flows evolve in 2026. China has indicated it will continue to control steel output during 2026-2030 and also plans an export licensing system from 2026 for certain steel-related products moves that could reshape export momentum and, in turn, iron ore demand expectations.
Also Read : Siemens Mobility Expands Use of Low-Carbon Steel in Rail Manufacturing Lloyds to Invest ₹20–22 Billion in 4 MTPA Integrated Steel Plant
The Biden administration announced on Monday that the US government will award $1.5 billion to Globa...
US 19-Feb-2024
The largest Solar and Battery Energy Storage Systems (BESS) project in India has been built at Rajna...
Large Corporate 12-Mar-2024
Researchers from NIT Durgapur, Kazi Nazrul Islam University in Asansol, IIT Bombay and IIT (IS...
Renewables 17-Feb-2026
ArcelorMittal posts $805 million net profit in Q1 2025. Strong steel prices and higher shipments bo...
Business 02-May-2025
The suspension order on mining operations at Vedanta's iron ore mill in Chitradurga, Karnataka, has...
Large Corporate 22-May-2024
Indian steel tycoon Naveen Jindal has made a bold move in Europe with an unsolicited offer to acquir...
India 17-Sep-2025