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JSW Steel sees stable input costs, margin Wed, 08 Nov 2017 15:03:20 +0800

Input costs for the steel industry are expected to stabilise in the coming quarters, which will lead to an improvement in prices or realisations and profit margin in the second half of the current financial year, Mr Seshagiri Rao, joint managing director and chief financial officer at JSW Steel Ltd., told BloombergQuint that the demand picture for ...

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Current trend in steel output offers optimistic view – Mr Sushim Banerjee Wed, 11 Oct 2017 17:57:17 +0800

Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote for Financial Express that the first half of the current fiscal has shown a growth of 4.5% in crude steel production in India at 49.8 million tonne. On an annualised basis and assuming a normal hike in production in H2, the estimated production...

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China holds the key as steel price rises: Jonathan Barratt, Ayers Alliance Fri, 11 Aug 2017 09:48:48 +0800

Mr Jonathan Barratt CIO of AyersAlliance said that we have seen a pickup in demand and it all comes down to actions of Beijing whether it is the infrastructure spends, environment or whether it is just acting on behalf of what G-20 wanted with them to do for reducing capacity. All of it has created a very strong market. Q - What do you thi...

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Steel demand in India will grow faster than local supply – Mr TV Narendran Tue, 27 Jun 2017 17:07:46 +0800

Mr TV Narendran MD of TATA Steel in an exclusive interview, while answering to How has the steel demand been in the last one year?, said that “While 2015 was a bad year for the steel industry, last year was much better for India and China. China shut down excess capacity and prices are improving there. A large number of small players were du...

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Expect coking coal prices to normalise in the near-term - Mr Paul Wed, 26 Apr 2017 18:55:14 +0800

Tata Metaliks has posted a mixed bag this quarter. It dragged down by weakness in the pig iron business, even as the ductile iron pipe does well this time around. In an interview, Mr Sanjiv Paul, MD of Tata Metaliks spoke about the results and his outlook for the company. Mr Paul said that "For the quarter we sold 65,640 tonne of ductile ir...

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ITRI wins edie Sustainable Supply Chains Leader 2017 Fri, 27 Jan 2017 11:49:02 +0800

ITRI’s dedicated work and success in bringing positive change in the tin supply chain has beenrecognised with the award of the prestigious edie Sustainability Leaders Award 2017 forSustainable Supply Chains. The winners were announced at an awards ceremony at the HiltonHotel, Park Lane in Lo...

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China demand behind increase in manganese ore prices: Mukund Chaudhari, CMD, MOIL Fri, 13 Jan 2017 10:27:10 +0800

In an interview, Mukund Chaudhari, CMD, MOIL talks about the company's future trajectory. Excerpts: The last few months have seen manganese ore price rally significantly. What is the reason according to you? Why are we seeing such a traction in the prices? Mukund Chaudhari: The spurt in China demand is the main reason behind increa...

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Excess supply in China is a worry in 2017 Wed, 04 Jan 2017 17:54:12 +0800

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...

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Liberty looking at 100% import substitution - Mr VB Garg CEO Tue, 15 Nov 2016 09:01:57 +0800

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...

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Goldman Sachs says nothing will save copper Mon, 29 Aug 2016 17:05:52 +0800

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...

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