India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Steel prices moved higher after China renewed its push to curb excess capacity in the domestic steel sector, strengthening sentiment across the market. Steel rebar futures climbed above CNY 3,080 per tonne and approached one-month highs as policymakers signaled more orderly production cuts aimed at improving supply discipline and supporting mill margins. The latest policy direction comes as Chinese steelmakers continue to face pressure from oversupply, softer demand linked to the prolonged property slowdown, and rising challenges in export markets due to protectionist measures. With output already slipping below 1 billion tonnes last year, the market is now watching whether tighter capacity control can bring better balance to supply and demand. For the steel trade, the renewed focus on production discipline could support firmer prices in the near term, improve confidence across the value chain, and offer relief to mills navigating a difficult operating environment.
Also Read : Iron Ore Futures Drop Amid Rising Shipments and China’s Steel Levies Copper drops on firmer dollar, rising inventories in China
India's finished steel imports reached a five-year high in the starting of two months of the fiscal...
Ferrous 12-Jun-2024
Beijing has vowed to reduce emissions from four carbon-intensive industries - steel, oil refining, a...
Ferrous 10-Jun-2024
Radiance Renewables, Renewable energy developer and Singapore’s InfraCo Asia, division of the...
Business 12-Jun-2024
The global hot-rolled coil (HRC) market is witnessing a phase of mixed momentum, as European demand...
Europe 24-Oct-2025
ArcelorMittal Nippon Steel, an Indian steel maker, has awarded Danieli Corus a new greenfield pellet...
Large Corporate 03-Apr-2024
The European Union (EU) and the United States are engaged in discussions to merge their efforts in e...
Europe 12-Feb-2024