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 stayed largely rangebound as steady demand from the steel sector helped counter concerns over rising ore supply in the global market. Traders remained cautious, weighing stable steel production against expectations of higher shipments from key mining regions.
The market is currently moving in a narrow band as buyers avoid aggressive positions while monitoring demand signals from steel mills. Although improving supply prospects may limit sharp price gains, continued consumption from the steel industry is offering support to iron ore sentiment.
For steelmakers and raw material buyers, the current trend suggests a wait-and-watch approach. Any strong shift in steel demand, inventory levels, or export supply could influence iron ore prices in the near term. The market is expected to remain sensitive to production updates, port stock movements, and broader commodity trends.
Also Read : Tata Steel CEO Urges Government to Curb Rising Steel Imports Tata Steel Soars 30% in Intraday Trade on February 3
According to the power ministry, India met a record maximum power demand of 250 GW, due to a combina...
Energy 31-May-2024
15 major producers of long products in China are calling on the authorities to take measures to limi...
Ferrous 03-Apr-2024
The average finished steel price in China decreased slightly over the June 24–30 period this y...
Ferrous 04-Jul-2024
Under the Center's Pradhan Mantri Surya Ghar Muft Bijli Yojana Scheme, public sector Indian Bank has...
Renewables 24-Apr-2024
ArcelorMittal warns of global trade issues. Steel prices surge amid supply bottlenecks. Calls for...
Business 30-Apr-2025
Profits at China's industrial firms fell 2.3% in 2023, their second straight yearly decline, due to...
China 27-Jan-2024