Rathi Steel bags GreenPro certification for Fe 550 TMT rebars JSW Steel, POSCO form JV for 6 mtpa Odisha steel plant Global steelmakers still far from green transition CISA flags EU CBAM risks for Chinese steel exports
Iron ore prices moved higher as Chinese steel mills ramped up production, helping the market recover part of last week’s losses. Futures climbed toward CNY 760 per ton, supported by better mill profitability after raw material costs eased. Analysts also see room for further restocking as iron ore consumption improves and inventories at steel mills stay relatively low.
Port-side supply also showed signs of tightening. Industry data indicated stockpiles at major Chinese ports slipped 0.16% week on week as of April 10, while weather-related disruptions in Australia reduced import volumes at 47 ports by more than 500,000 tons. Although shipments are expected to normalize as delays ease, the near-term mood remains supported by stronger steel output and firmer demand expectations
Also Read : Global Steel Output Update: Falls 2.2% in H1 China’s Iron Ore Imports Surge Despite Sluggish Steel Demand
The standing committee of the State Board for Wildlife (SBWL) has issued a firm 'no' to the proposed...
Ferrous 01-Feb-2024
Shyam Metalics and Energy Limited (SMEL) has completed the rail infrastructure development at its in...
Large Corporate 28-May-2024
JSW Steel has announced plans to auction around 20,000 tonnes of calibrated iron ore lumps (CLO) fro...
India 04-Sep-2025
As former U.S. President Donald Trump reinstates tariffs on steel and aluminium imports, concerns ar...
Business 21-Feb-2025
Beijing China's steel production fell by 1.5% year-on-year in the first two months of 2025, as...
China 17-Mar-2025
The stainless steel industry is pushing for protectionist measures to curb the influx of che...
Business 04-Jul-2025