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Natural gas supplies for Indian DRI restricted
May 07, 2012
India's Minister for Steel has called on the New National Steel Policy to ensure sufficient supplies of natural gas to gas based DRI producers. Supplies have been restricted in the past by the Ministry of petroleum & Natural Gas.
EU steel demand to take a step back in 2012 before rebounds in 2013
May 07, 2012
Eurofer’s Q2-2012 economic and steel market sees recessionary pressures in the EU gradually easing from the 2nd quarter onwards. However, the strength and timing of a economic turnaround remains surrounded by uncertainties and risks. Most of them stem from internal problems and structural imbalances in the EU.
JSW Steel places $10M order for cranes
May 03, 2012
WMI Konecranes (India) has won an order to supply a total 21 heavy duty cranes to JSW steel worth Rs580M (US$10.8M).
CISA confident of sector-wide profit by end-H1
May 03, 2012
The China Iron & Steel Association (CISA) showed confidence in an industry wide turnaround by the first half of 2012 as profit returned in March as demand improved, amounting to a combined sector profit of RMB 1.77bn ($231M).
Chinese input costs rising
May 03, 2012
In 2011, production costs for Chinese steelmakers jumped 15% due to a combination of an increase in the resource tax on domestic ore and rising prices for fuel, say CISA.
Chinese exports grow in Q1 2012
May 03, 2012