The deal should complete on Monday.

Swiss commodity trading group IMR Metallurgical Resources has proposed to set up a major steel plant in YSR Kadapa district in Andhra Pradesh by investing more than INR 12,000 crore.

ArcelorMittal in its Annual Report for 2019 said that “The Resolution Plan also includes a capital expenditure plan of INR 18.697 crore to be implemented in two stages over six years.

[Ferro-Alloys.com] Chinese domestic coal prices for higher grades of coals have been holding firm for eight weeks, but prices for weaker grades of coals have retreated, effectively erasing the increase in prices seen in mid-February.

[Ferro-Alloys.com] Shanghai steel futures closed higher on Thursday, boosted by hopes of more stimulus by China to support its economy impacted by the coronavirus outbreak, although gains were capped on caution over the country’s record-high inventories.

[Ferro-Alloys.com] Steel giant China Baowu Steel Group announced Wednesday that it surpassed the Luxembourg-headquartered ArcelorMittal to become the world’s largest producer of crude steel in 2019.

Vietnam’s Steel industry forecast to grow by 6-8 percent in 2020.

Indonesia strengthens local iron, steel industry to reduce imports.