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...
more>>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 ...
more>>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...
more>>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...
more>>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...
more>>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 ...
more>>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...
more>>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...
more>>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...
more>>JSW Steel is planning to invest about INR 45,000 crore over a period of four years from FY2017-18 to FY2020-21, to expand steel making capacities, besides modernizing and expanding capacities of its downstream businesses. JSW Steel chairman Sajjan Jindal, while addressing shareholders at the company’s 24th AGM on Tuesday, said “These projects wi...
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