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IMFA predicts firmer ferrochrome prices this quarter Thu, 30 May 2024 10:07:05 +0800

Subhrakant Panda, Managing Director of Indian Metals & Ferro Alloys (IMFA) expects ferrochrome prices to increase by ₹3,000 to ₹4,000 per tonne in the first quarter (April-June). In January-March, the company's average realisation was around ₹1,02,000 per tonne. Panda expects earnings before interest, taxes, depreciation, and amortisation...

Molybdenum prices hikes recently, situation of demand over supply might still exist in 2023 Mon, 13 Feb 2023 09:28:43 +0800

The international molybdenum oxide price hiked by 18.55% year on year to US$39/lb during the Lunar New Year holiday. Meanwhile, the European ferromolybdenum price soared to over US$106/kg. Regarding China’s market, the molybdenum concentrate price went up by over CNY 5,500/ton after the Lunar New Year holiday. In 2022, China’s ferromolybdenum pr...

Indian steel industry to remain stable despite challenges Wed, 08 Jun 2022 08:33:09 +0800

The Indian steel sector’s growth is likely to be stable despite the challenges posed by Russia-Ukraine war or the high inflation impacting input costs, said N Chandrasekaran, chairman, Tata Steel. “While there exist risks of high input costs, the growth of the Indian steel industry is likely to remain stable as domestic demand is expected ...

Global steelmaker remains confident Tue, 10 May 2022 15:48:45 +0800

Tsingshan Investments Zimbabwe chief executive officer Benson Xu (left) takes government officials on a tour of the steel plant site in Mvuma BY Freeman Makopa THROUGH Tsingshan Investments Zimbabwe, Tsingshan Holding Group, the world’s largest stainless steel and nickel producer has kick-started the development of the c...

India Too Complex to be Under Long Lockdown - Tata Steel MD Mr TV Narendran Mon, 13 Apr 2020 16:30:32 +0800

Tata Steel Chief Executive and Managing Director Mr TV Narendran in an interaction with Ishita Ayan Dutt of Business Standard said that “There should be some easing without compromising on the actions being taken to contain the pandemic. The country is too large and complex to be under complete lockdown for too long without harming economic acti...

Iron Ore Prices In India To Remain Steady On Higher Steel Production - Mr Baijender Kumar Mon, 03 Jun 2019 16:07:55 +0800

NMDC CMD Mr Baijender Kumar discussed with Mr Surya Sarathi Ray of Indian Express on what holds for the company for the current fiscal. Q - Clearly increased prices saved the day for NMDC in 2018-19 as the tonnage was down. What is your assessment on iron ore prices for the current fiscal? A - Compared to international prices, our pr...

Indian steel sector to have good scenario in current & next year - Mr Sushim Banerjee Wed, 17 Apr 2019 16:12:25 +0800

Mr Sushim Banerjee DG INSDAG in his personal capacity wrote that the performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other ...

‘We are geared to bring $2,8bn from minerals’ Wed, 27 Mar 2019 13:23:25 +0800

INTERVIEW: Mthandazo Nyoni FORMER Public Service, Labour and Social Welfare deputy minister Tongai Muzenda (TM) was recently appointed general manager of the Minerals Marketing Corporation of Zimbabwe (MMCZ), a government arm mandated to market the country’s minerals. NewsDay (ND) business reporter Mthandazo Nyoni interviewed Muzenda to ge...

Higher steel consumption in India benefits welding industry Thu, 06 Dec 2018 14:34:48 +0800

Jose P Philip, chairman of Indian Institute of Welding (IIW), said that though India is the second largest producer of steel its per capita consumption is below the global average, higher steel consumption will provide more job opportunities for welders in the country. He said "Almost 90% of the steel consumed in the country through welding proc...

Indian steel demand to grow 10-11% over next 3 years- Dr AS Firoz Mon, 13 Aug 2018 14:46:03 +0800

Joint Plant Committee (JPC) Chief Economist A S Firoz told that demand for steel in India is likely to see an annual growth of 10-11 per cent over the next three years, buoyed by a firming trend in the construction sector, among other factors. He said “Going forward we have the potential of domestic steel demand growing at 10-11 per cent for ano...

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