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Latest Market News Of Mild Steel

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Steel Rises on Strong Demand Signals

Steel Rises on Strong Demand Signals

Steel rebar futures surged past CNY 3,090/ton, hitting a two-week high. This rise is attributed to strong seasonal demand and increased restocking by end users, signaling a robust market.
Black Sea wheat prices rise as currency pressure, Middle East war cut margins

Black Sea wheat prices rise as currency pressure, Middle East war cut margins

Black Sea wheat prices edged higher due to geopolitical risks, a strong Russian ruble, and the Middle East war, which collectively squeezed exporter margins despite softer demand.
Aluminum Prices at Over 4-Year High

Aluminum Prices at Over 4-Year High

Aluminum futures in the UK surged above $3,650 per tonne, reaching a 4-year high since March 2022, driven by persistent concerns over a supply shortfall.
US LNG drops to lowest price since Middle East war began

US LNG drops to lowest price since Middle East war began

US LNG prices fell to their lowest since Feb. 28, marking the start of the US-Israel war with Iran. This drop reflects softer prices in Europe and Asia as buyers adopt a cautious approach to spot purchases.
MSRTC incurred daily losses of ₹1.6 crore during FY 25-26

MSRTC incurred daily losses of ₹1.6 crore during FY 25-26

MSRTC incurred ₹1.6 crore daily losses in FY 25-26, totaling ₹591 crore. With ₹31.40 crore daily earnings against ₹33 crore expenditure, only 8 of 31 divisions were profitable, prompting calls for efficiency to reduce losses.
Northern Railway to operate regular Delhi-Kashmir parcel train service from April 17

Northern Railway to operate regular Delhi-Kashmir parcel train service from April 17

Northern Railway launches a Delhi-Kashmir parcel train service from April 17, running till May 31. The 23-24 hour service, with eight parcel vans, aims to boost J&K's economy by rapidly transporting goods like fruits and handicrafts.
Labour-intensive sectors see steep fall in exports in March

Labour-intensive sectors see steep fall in exports in March

India's labour-intensive exports saw a steep fall in March; gems and jewellery slipped nearly 30%, garments 19%. West Asia exports dipped 57.9% due to conflict and shipping disruptions, impacting overall trade.
Gujarat road transport body launches QR code-based passenger feedback system

Gujarat road transport body launches QR code-based passenger feedback system

GSRTC launched a QR code feedback system, receiving 1,702 submissions. Safety, staff behaviour, and cleanliness rated highly (4.7, 4.6, 4.5). Daily passengers rose from 25 to 27 lakh, targeting 30 lakh, enhancing service efficiency.
India's crude imports down 21%; Russia tops, Iran gains

India's crude imports down 21%; Russia tops, Iran gains

India's crude imports fell 21% to 4.1 million bpd in early April. Russia supplied 40%. Iran became the fourth-largest supplier with 7% (4 million barrels), resuming shipments after seven years.
European natural gas prices rise with Iran peace talk hopes in focus

European natural gas prices rise with Iran peace talk hopes in focus

European natural gas prices recovered Thursday, driven by investor hopes for detente between the U.S. and Iran, reversing prior session losses.

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