the US steel import market share in August 2023 was estimated at 21 percent, compared to 21 percent in July and 22 percent year-to-date.

The greenfield smelter capacity in Kalinganagar will be commissioned by FY26, and mining expansions will take six to seven years.

Steel producers globally are attempting to slash the climate impact of an industry that accounts for about 8% of energy sector emissions

Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country's largest steel consumer -- the property sector -- has remained muted for the most part of this year.

Alacero expressed "its concern regarding the process of regulation and implementation" of the EC's carbon border adjustment mechanism.

Moody's Investors Services has upgraded Tata Group-backed leading steelmaker, Tata Steel's ratings to investment grade with a Baa3 issuer rating. Also, the rating agency has assigned the company's outlook to 'Stable' from positive. Further, it withdrew the com...

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

But the increase in sales prices has not been enough to offset rises in production costs, sources reported during the assessment period.