Due to anticipated price growth for the metal, which had been stagnant for the first nine months of the year, steel manufacturers’ margins would improve in the fourth quarter. An added benefit would be the openness of China. In Q4, an increase of 7-8% in steel demand is predicted. “Steel prices increased from $600 per…
Even though demand remained on the lower side due to the festival season, steel mills managed to maintain stable domestic prices in November. Mills are still having a difficult time in the export market due to a decrease in orders in important markets, even at $570 per tonne. Because of pressures from the global crisis…
In a bid to drive efficiency and cut operational costs, Tata Steel has decided to merge seven subsidiaries, including four listed entities with itself. The Board of Directors of all the Tata Steel group companies have approved the schemes for the proposed amalgamation. Based on an independent valuer report, Tata Steel Long Products investors will get…
