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
Oversupply weighing on near-term prices of copper on the London Metal Exchange (LME) has created record discounts against longer-dated contracts and an opportunity for Asian buyers to purchase the metal cheaply, traders said.
The discount, or contango, for the cash copper over the benchmark three-month contract on the LME hit a record high of $108 a metric tonne on January 8, while the discount over the February contract stands at $58 a tonne.
These discounts are being used by Asian buyers to negotiate lower prices with sellers of the metal used to make wire cable for the power and construction industries.
Expectations of tighter supplies due to disruptions including at First Quantum’s Cobre mine in Panama and Anglo American and Vale cutting production guidance have done little to derail this trend.
Also Read : Global Steel Demand to Rise in 2026 Amid Strong India and China Momentum Steel Price War: Vietnam Targets Surging Chinese Imports
In February, India's steel mills continue raising prices despite robust domestic demand, with the be...
Ferrous 14-Feb-2024
Talks over Jindal Steel International’s proposed acquisition of Thyssenkrupp Steel Europ...
Europe 26-Mar-2026
JSW Steel may lose 10-15% production capacity. ₹4,500 crore EBITDA dent expected from BPSL liquidat...
Business 03-May-2025
Malaysia’s Ministry of Trade and Industry (MITI) has urged greater adoption of recycled-conten...
Construction 30-Sep-2025
Tata Steel Bonus 2025 Likely to Be Finalised Soon The bonus settlement for Tata Steel employees is...
India 27-Aug-2025
· JSPL and Interarch aim to drive faster, eco-friendly construction across urban projec...
Business 07-Apr-2025