Mr Seshagiri Rao, JMD of JSW Steel, spoke to Business Line on the way ahead for steel industry in India Q - How do you see the coming year for the steel industry? A - The World Steel Association has estimated steel demand for 2017 to be higher by 0.5 per cent, mostly driven by revival in advanced economies and emerging economies excl...

Mr Sanjeev Gupta’s Liberty House re opened a Welsh steel works that it had acquired along with other steel products assets of the Caparo Group, last year. The Tredegar plant will produce steel structural hollow sections and tubes largely for the construction industry, creating around 70 new jobs. Mr Virinder Bahadur Garg CEO of Liberty Steel New...

Analysts at Goldman Sachs said that's just the start as stockpiles continue to mount and demand from China is slowing. They said that copper is "entering the eye of the supply storm" with supply set to climb 15% in the coming quarters. However, customs data shows that Chinese imports of refined copper shrank in July to the smallest in 17 mont...

Rio Tinto ( RIO.AU ) (AUD44.56, Mar.18, 2016)   Fortescue Metals ( FMG.AU ) (AUD2.74, Mar.17, 2016)   BHP Billiton ( BHP.AU ) (AUD 17.98, Mar.18, 2016)   Anglo American PLC ( AAL.UK ) (GBP5.409, Mar.18, 2016) Vale S.A ( VALE ) (USD4.25, Mar.18, 2016)   Kumba Iron Ore (KIO.SA) (ZAR86.60, Mar.18, 2016)   ...

The outcome of Chinese discussions to cut the country's aluminium output will be key to determining the global price of the light-weight metal, the head of Norwegian producer Norsk Hydro told Reuters on Thursday. Aluminium prices have dropped by nearly 50 percent since 2011 to USD 1,459 per tonne. Hydro Chief Executive Mr Svein Richard Bra...

Mr Satish Pai, chief executive officer (aluminium), Hindalco Industries, talks to Jayajit Dash on the outlook on aluminium prices, Hindalco's assets, strategies to be cost competitive and its focus on downstream business. Edited excerpts: Q - What factors are triggering the plunge in aluminium prices? A - The decline in alumini...

Goldman Sachs said that if China's old economy doesn't find its footing, metals demand could take another hit. Goldman said that "Only a major pick-up in Chinese demand is likely to be sufficient to balance metals markets such as copper and aluminum. This is because metals supply generally continues to grow, while Chinese demand is not, so deman...

Iron ore is sinking back toward $50 a metric ton as expanding low-cost supply and sputtering demand in China spur concern a global glut will persist into 2016, with Goldman Sachs Group Inc. forecasting significant losses. “We think it’s going down significantly,” Katie Hudson, managing director and senior investment manager at Goldman Sachs Ass...

China's stock market crash and currency devaluation have not dampened the optimism of mining giant Vale's chief executive, who said he is most upbeat on the iron ore market in two years. Vale CEO Murilo Ferreira told newspaper Valor Economico that China's stock markets have little relation to its real economy and a new foreign exchange policy has b...

Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET, France who visited Japan had a press interview at Hotel Okura located in Minato-Ward, Tokyo on July 2, and announced the Company's activity in 2014 and the outlook for its future transaction as follows. As to the Group's business results in 2014, albeit the sales amount...