(The Hindu) — Unstable in the market and the absence of pricing power puts a question mark over India’s plan to reach 300 million tonne steel production by 2025 and to make the country the second largest producer of steel. The absence of pricing power in steel industry unlike the highly consolidated coking coal field.. read more →
MUMBAI: JSW Steel, India’s third-largest steel maker, has begun talks to purchase smaller rival Welspun Maxsteel for about 1,000 crore, two people familiar with the development said, a move aimed at sourcing cheaper raw material, cutting production costs and strengthening presence in the northern and western market. “Yes, both companies are talking to each other.. read more →
(Taipeitimes)-China Steel Corporation maintained steel prices from a month ago for June shipments citing uncertainties in China. Mr Liu Jih gang VP for sales said that “Steel prices in China have been creeping down since the end of the Lunar New Year holiday, indicating a lower than expected market sentiment for this quarter. The Q2.. read more →
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