Indian Express reported that Delhi police, a month after Steel Authority of India Limited chairman Mr Anil Kumar Chaudhary was assaulted by armed men, have established that it was a premeditated attack over a deal not going through. The special task force of the Crime Branch has arrested a 62-year old private contractor, Ashok Kumar…Details
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ccused wanted to avenge loss of contract worth crores A coal contractor has been arrested for allegedly conspiring to attack Steel Authority of India Limited (SAIL) chairman Anil Kumar Chaudhary and make it look like a road rage case, the police said on Monday. Deputy Commissioner of Police (Crime Branch) Dr. Ram Gopal Naik confirmed…Details
Base metals prices on the Shanghai Futures Exchange exhibited mixed movements during morning trading on Tuesday September 10 while the complex reacts to global economic growth concerns and China relaxing its monetary policy. China’s disappointing trade data for August, with exports unexpectedly down 1% year on year, weighed on market sentiment at a time when…Details
The Philippine Star reported that Philippines local manufacturers have urged the Department of Trade and Industry and the city government of Manila to monitor hardware stores selling substandard steel angle bars, saying the use of these materials especially in billboards poses risks to life and property. The Steel Angles, Shapes, Sections Manufacturers Association of the…Details
The export price for Chinese ferro-silicon has reached a 27-month low amid persistent weak demand and tough international competition, Fastmarkets heard on Monday September 9. In Europe, the market extended its steady trend into a third week in a row, but losses were looming amid an expectation of weaker settlements for deliveries in the fourth…Details
Vietnam News reported that Vietnam steel exports have reached almost USD 2 billion so far this year an increase of almost 15% compared to the same period in 2018. According to the General Department of Customs, Viet Nam’s steel exports in July rose by 4.7% from the previous month. The steel exports saw an increase…Details
Stocks of the five major finished steel items at Chinese traders and steel mills declined during the week of August 29-September 4, as steel demand from downstream users recovered gradually amid the traditional peak season for steel consumption over September-October, Mysteel Global has learned. Total inventories of the five major steel items comprising rebar, wire…Details
Manganese ore prices continued to soften over the past week, after a reduction in the September prices for silico-manganese further damped sentiment in the market. Manganese ore prices drop in China after alloy tender is cut Spot domestic silico-manganese prices slide in China Indian silico-manganese prices weaken further European alloy price holds steady in thin…Details
Malaysia has imposed temporary anti-dumping duties of 3.70 to 20.13% on cold rolled and non-alloy steel imported from Vietnam. They will apply for 120 days, starting retrospectively from August 26, according to the Department of Trade Remedies under the Ministry of Industry and Trade. The decision follows a recent investigation by Malaysia’s Ministry of International…Details
MANILA, Sept 9 (Reuters) – Iron ore futures in Dalian and Singapore fell in early trade on Monday after data showed China’s imports of the steelmaking raw material rose in August to a 19-month high, the latest evidence of a continued rebound from recent supply-side issues. China’s iron ore purchases last month totalled 94.85 million…Details
The three-month aluminium price on the London Metal Exchange had risen at the close of trading on Monday September 9, reaching its highest level since July 31, while a steady uptick in nickel futures over the afternoon saw the metal regain support above the $18,000 per tonne threshold. Aluminium futures closed at $1,799 per tonne,…Details
Canada’s steel and aluminum sectors are key contributors to the Canadian economy, creating well-paying jobs and providing key inputs for major industries. Mr Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced over USD 4.9 million in funding for 10 companies across British Columbia. The funding is being…Details
In a meeting with top state government officials, JSPL Chairman Naveen Jindal emphasised the need to give preference in iron ore auction to companies which have already invested in Odisha Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday sought steps to provide raw material security and to reserve iron ore mines for…Details