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 prices moved higher as strong steel production and rising construction demand supported the market ahead of China’s National Day holidays.
On the Dalian Commodity Exchange, the most-traded January contract rose 0.37% to 808.5 yuan ($113.65) per tonne, while the Singapore benchmark remained steady at $105.7 per tonne. Blast furnace capacity utilization in China reached 90.4%, with daily hot metal output at 2.41 million tonnes.
The uptrend is being driven by active construction activity, restocking ahead of holidays, and a drawdown in inventories. Port stockpiles fell 0.42% week-on-week to 132 million tonnes.
Steel futures also gained in Shanghai, with rebar up 0.85% and hot-rolled coil up 0.54%, signaling stronger downstream demand.
Also Read : China solar industry's record-breaking growth to stall in 2024 China's factory activity expands on export order boost: Caixin PMI
Jindal Stainless Ltd (JSL) supplied a high-end steel grade for the Indian Railways' Vande Metro trai...
Large Corporate 15-May-2024
India’s steel sector is showing signs of stabilisation after a prolonged price slump, but a me...
Construction 01-Dec-2025
In December, tin plate imports to the US increased by 14%, according to a report from steelorbis.com...
USA 07-Feb-2024
Vedanta Ltd, a mining giant, stated that production of aluminium, zinc, iron ore, and steel increase...
Large Corporate 04-Jul-2024
Larsen & Toubro (L&T) announced that its Minerals & Metals (M&M) business has secure...
Construction 24-Oct-2025
LMEL enters into a renewable energy deal for iron ore and&nb...
Business 06-Jun-2025