Industrial Metals

21 Sep 16
Pellet makers a worried lot as ore prices surge
11:58 PM
Pellet makers are grappling with a double blow, rise in the cost of key inputs like iron ore fines and furnace oil, and falling realisations in exports to China.
Domestic steel demand seen 5.3% up at 85.8 mn tonne in FY17
03:04 PM
Domestic demand for steel is expected to grow 5.3 per cent in the current fiscal to touch 85.8 million tonne as consumption from construction and capital goods is seen higher supported by higher infrastructure spending, Indian Steel Association said
14 Sep 16
Lead down 0.2% on muted demand
11:56 AM
Lead prices drifted lower by 0.24 per cent to Rs 126.40 per kg in futures trade today as traders trimmed their positions amid sluggish demand from battery-makers in the spot market.
Copper up 0.2% on rising demand, global cues
11:56 AM
Copper prices were up by 0.23 per cent to Rs 323.10 per kg in futures trade today as participants widened their position, driven by firm demand from consuming industries at the spot market and a firm trend overseas.
12 Sep 16
Govt to extend pact with ISA on exploring manganese nodules
02:22 PM
Government has decided to extend the agreement with International Seabed Authority (ISA) by 5 years for exploration of manganese nodules that will also help in extracting minerals like, nickel, cobalt and copper.
07 Sep 16
Iron ore prices moderate on supply glut
01:33 AM
In a major relief to the Indian steel industry, iron ore prices have started falling in Chinese markets after the Group of 20 (G20) countries decided to cut steel production to reduce global supply glut.
23 Aug 16
India's steel output rises 8.1% in July
10:31 PM
India’s crude steel production grew 8.1 per cent in July compared to the corresponding period a year ago. However, global production too witnessed a marginal growth of 1.4 per cent.
Copper down 0.1% on global cues, weak demand
11:42 AM
Copper prices moved down by 0.06% to Rs 318.20 per kg in futures trade today as speculators cut down their bets amid a weak trend overseas and low demand at spot markets.
19 Aug 16
Industrial metal's record deficit
12:11 AM
Six main industrial metals - copper, aluminum, nickel, zinc, lead and tin - had deficits in the first half of the year, according to figures from the World Bureau of Metal Statistics.
18 Aug 16
Govt imposes anti-dumping duty on cold-rolled flat steel items
02:13 PM
India has slapped anti-dumping duty on certain cold-rolled flat steel products from four nations including China and South Korea to guard domestic industry from cheap imports.
Indian steel demand to outpace Asian peers, says Moody's
12:34 AM
Amid a gloomy outlook for the global steel industry, Indian companies are expected to do well as demand for steel is expected to rise, according to Moody’s Investors Service.
Coking coal imports may firm up
12:33 AM
Inbound coking coal shipments are set to go up on the back of revival in the steel industry thanks to favourable factors such as minimum import price and imposition of safeguard duty.
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