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Chrome ore: Firms Deek Export Duty Re-Imposition

Ferro chrome producers such as Jindal Stainless and Visa Steel have urged the government to re-impose 30% export duty on chrome ore as India’s insufficient reserves have been depleting fast.Chrome ore is used for production of ferro chrome, an important raw m...

Monday, April 11, 2016

Nava Bharat Ventures Gains after Signing Pact with Tata Steel for Chrome Ore Conversion

Nava Bharat Ventures rose 1.66% at Rs 165 at 10:10 IST on BSE after the company said that it has entered into an agreement for renewal of conversion arrangement of chrome ore into ferro chrome with Tata Steel.

Monday, April 11, 2016

India to impose temporary anti-dumping duties on Chinese seamless pipe

On March 31, 2016, the India Ministry of Commerce announced to impose temporary anti-dumping duties on Chinese seamless pipe, the taxes were difference between the CIF price and the reference price. Reference prices set according to the product specificati...

Friday, April 8, 2016

US Steel announces to cut 25% jobs in North America

United States steel has announced to cut 25% of its employees in North America, in order to reduce costs. The company did not provide the exact number of layoffs. A company spokesman said, because of the tough market conditions, including price volatility, ...

Friday, April 8, 2016

China's crude steel productions fall in Jan-Feb

According to China's National Development and Reform Commission data released, in January-February this year, China's crude steel production totaled 1.2107 billion tons, down by 5.7% year on year; steel production totaled 1.6228 billion tons, down by 2.1% year...

Friday, April 8, 2016

Chinese seamless steel pipe exports prices fall in 2015

According to statistics showed in 2015, China's steel exports exceeded 1 billion tons for the first time. Among them, China’s steel pipe exports totaled 9.978 million tons, accounted 8.88% of total steel exports, an increase of 6.26% year on year, hit ano...

Friday, April 8, 2016

Japan’s rebar exports statistics in Feb

According to statistics showed, in February of this year, Japan’s rebar steel exports totaled 36,329 tons; the export prices were at US$319.95/ton FOB. During the first two months of this year, Japan’s rebar exports totaled 78,286 tons; the export prices ...

Friday, April 8, 2016

FMG: 2016 iron ore shipments are expected to increase

Global the biggest iron-ore exporter, FMG expected iron ore shipments will increase this year, due to the beneficial effect of weather factors. FMG predicted that shipments of iron ore in the first half of the year amounted to 84 million tons, and annual sh...

Friday, April 8, 2016
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