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China’s iron ore jumps to two-week high

China's iron ore futures jumped 6% on Monday to a two-week high, logging a third straight session of gain, fuelled by robust short-term demand after Beijing vowed to provide more support for the country's economy. China's cabinet, the State Council, on Saturday pledged to beef up investment in infrastructure projects and regional development to support…

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NMDC Restores BHEL Contract for Raw Material Handing System at Nagarnar Steel Plant

Bharat Heavy Electrical Ltd announced that NMDC has revoked the termination of the contract to construct a Raw Material Handling System at NMDC’’s under construction Integrated Steel Plant at Nagarnar in Bastar district of Chhattisgarh, being executed by BHEL-ISG Bengaluru division, has restored the original contract on 27th August 2019. BHEL had received on 15th…

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Chinese Steel PMI in August Dips to 44.9

According to the latest release on August 31 by the official index compiler CFLP Steel Logistics Professional Committee, China’s Purchasing Managers Index for the steel industry for August hit a new low since December 2015, reaching 44.9 amid imbalance in the fundamentals, steel price declines amid higher production and stocks while the growing challenges in…

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