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Global Giants Upbeat on Iranian Steel Prospects

     Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic growth.For Iran, the steel industry is set to play an even more important role. After years of crippling sanctions, the country wants to get its industries back on track and streamline economic growth. This is while low oil prices have fa

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India: Domestic steel production to remain high in 2017-18

      KOLKATA: Domestic steel production is expected to remain high in the current year 2017-18 and is likely to rise by around 8-10%, an industry research report by CARE Ratings has said. However, steel prices may rise going forward as steel producers are expected to face increased cost pressure due to supply disruption and a steep surge in coking coal prices on account of Cyclone Debbie in Australia. The latter accounts for aroun

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Chinese steel futures, iron ore fall

      Chinese steel prices dropped for the second straight session to the lowest in a week as demand remained subdued, dragging down the key steelmaking raw material iron ore more than 3 per cent.      Steel demand has remained weak since the Lunar New Year holiday in late February and is likely to recover gradually from mid-March. That is limiting gains in steel prices made over the past few sessions on expecta

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US steel tariffs will hurt some Asian companies more than others: Nomura

     Recent tariffs on U.S. steel imports will likely hurt some Asian steel producers more than others, according to Nomura.    Smaller South Korean companies are expected to be hit harder than their larger counterparts while Japanwill probably experience minor impact after U.S. President Donald Trump last week signed off on tariffs of 25 percent on steel imports, analysts from the research firm said in a note.  &nbs

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Operating Intermediate Frequency Furnace for Stainless Steel in Dainan were forced to shut down by government

       On May 23, 2018, the government of Dainan Town posted an announcement at The Conference for Rearranging and Closing Stainless Steel  Intermediate Frequency Furnace of Dainan that all operating furnance in Dainan Town must be shut down on 0:00 a.m. of May 24, 2018, as well as all furnance in Taizhou, Jiangsu Province. The announcement has a significant influence in stainless steel fastener manufacturers of Dainan. T

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