Metals

Steel Secretary wants to cap iron ore prices that ‘move like Sensex’; miners cry foul

Metals, Steel /

[av_heading heading=’While steel secretary Aruna Sharma hinted at regulating iron-ore prices that “move like the Sensex” speaking to a TV channel, the producers of this key raw material for steel-makers have denounced the move as “bogus and foolish.” Given that miners lay hands on iron-ore reserves by bidding for them and assuming market-determined pricing, it […]

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Indian steel industry set to recover, after strong headwinds

commodities, Metals, News, Steel /

[av_heading heading=’Indian steel industry looks to improve after facing strong headwinds from global factors. Total exports by India recorded 150 percent Y-O-Y jump in February 2017 at 0.75 million tonnes marking high demand in the industry’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’1′ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”][/av_textblock] [av_hr class=’custom’ height=’50’ shadow=’no-shadow’ position=’center’ custom_border=’av-border-thin’

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Rourkela Steel Plant to be privatised?

commodities, Metals, News, Steel /

[av_heading heading=’Steel Authority of India (SAIL) is withdrawing its investment from three steel plants owing to immense losses for which the process will begin by April, 2017′ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’1′ color=” custom_font=”][/av_heading] [av_textblock size=” font_color=” color=”][/av_textblock] [av_hr class=’custom’ height=’50’ shadow=’no-shadow’ position=’center’ custom_border=’av-border-thin’ custom_width=’50px’ custom_border_color=” custom_margin_top=’1px’ custom_margin_bottom=’1px’ icon_select=’yes’ custom_icon_color=” icon=’ue811′ font=’entypo-fontello’] [av_textblock

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