Industrial Metals

07 Dec 16
Steel firms hike prices by Rs 3,000 per tonne
05:01 AM
Steel companies have increased prices by up to Rs 3,000 a tonne effective December, on the back of a surge in coking coal prices.
30 Nov 16
Rising zinc price to hit profitability of galvanized steel producers
11:51 AM
Rising zinc prices have impacted the profitability of galvanised steel producers hard because of their  inability to pass the spurt in production cost on to consumers due to weak demand.
29 Nov 16
China-driven rally sends zinc, lead to multi-year peaks
01:42 AM
Zinc soared to a nine-year high on Monday and lead hit a five-year peak as reports of more infrastructure investment in China and signs of strong property investment in the world's top metals user sparked heavy buying.
25 Nov 16
Traders cut positions on MCX due to policy uncertainty
01:24 AM
Open interest in non-farm commodities on the Multi Commodity Exchange (MCX) has declined sharply in the last three weeks following uncertainty over global economic indicators.
Rio Tinto to cut iron ore volumes
01:20 AM
Rio Tinto Group said it's prepared to cut iron ore output if that'll improve cashflow, signaling a major step back from the industry's decade-long strategy to keep pumping ever-expanding supply onto the global market.
Govt imposes safeguard duties on some steel imports
01:16 AM
As in the case of hot rolled coils, the safeguard duty would be tapering, with the peak duty being 10%.
24 Nov 16
India imposes safeguard duties on some steel imports
12:20 PM
India has imposed anti-dumping duties on hot rolled flat sheets and plates of alloy or non-alloy steel to curb cheaper imports into the country, a government notification said on Thursday.
22 Nov 16
Iron ore awakens to hangover as stockpiles surge
12:39 AM
For iron ore it is the morning after the night before.
21 Nov 16
Rise in imported coal prices puts overseas coal mines back in focus
01:30 AM
The spurt in global coal prices in past six months is likely to put Indian companies’ overseas coal assets back in focus with talks over fresh plans for these assets now underway.
17 Nov 16
Centre aims at import substitution for all major minerals
02:15 AM
In line with the coal ministry's move to increase domestic coal production aiming for import substitution, the union mining ministry is also aiming for the same and results have started reflecting on the iron ore production and sales trend this fiscal
13 Oct 16
Nickel futures down on global cues, muted spot demand
11:32 AM
Nickel futures traded 1.34 per cent down at Rs 697.10 per kg on Thursday as speculators reduced their exposure, tracking a weak trend in base metals at the London Metal Exchange (LME) amid muted demand at the domestic spot markets.
11 Oct 16
Base metals likely to remain bullish
10:23 PM
Base metals are likely to remain bullish in short- to medium-term on expectations of a revival in their demand from user industries and consumption to outpace supply until next year due to production cut by major global producers.
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