Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Iron ore prices retreated after crossing one-year highs, as fresh signals from China’s steel sector raised concerns over weaker demand. Futures fell below CNY 810 per tonne after Tangshan, one of China’s key steelmaking hubs, activated a level-two emergency response to heavy air pollution, increasing expectations of production curbs and tighter environmental checks.
Market sentiment was also hit by softer steel output data. Chinese steel production declined 3.6 percent year on year to 76.1 million tonnes in February, while global steel output slipped 2.2 percent to 141.8 million tonnes. Beijing has also reiterated its focus on curbing excess steel capacity amid sluggish demand, adding to pressure on iron ore prices. At the same time, weather-related disruptions near Australia’s northeast coast and evacuations at Port Hedland created supply-side uncertainty, partially limiting the downside.
Also Read : Fortescue works to clear iron ore held in China as quarterly shipments surge Chinese Oversupply Pushes South Korea’s Steel Exports Toward Five-Year Low
KoBold Metals, a California-based company with backing from billionaires like Bill Gates and Jeff Be...
Africa 06-Feb-2024
India’s steel industry is facing growing concerns over the influx of steel imports carrying co...
Business 05-Mar-2025
JSW Steel, Tata Steel, ACC Ltd and JK Cement Ltd are among the prominent companies vying for coal mi...
Large Corporate 21-Feb-2024
State-run oil companies Oil India Ltd (OIL), Bharat Petroleum Corporation Limited (BPCL), and Hindus...
Large Corporate 05-Mar-2024
Tata Steel Q1 Profit Rises, Despite Lower Revenue Tata Steel has reported a 116% year-on-year incre...
Business 31-Jul-2025
Rathi Steel and Power Limited has secured the GreenPro ecolabel certification for its Rathi Po...
Business 18-Apr-2026