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Jindal Steel, Thyssenkrupp pause talks on steel unit stake

Jindal Steel, Thyssenkrupp pause talks on steel unit stake

Jindal Steel and Thyssenkrupp paused talks on a steel unit stake due to funding roadblocks, including Thyssenkrupp's potential €2 billion ($2.3 billion) injection, and subsidy uncertainties. A deal became elusive.
India: BigMint's coking coal index remains stable w-o-w in absence of active buying inquiries

India: BigMint's coking coal index remains stable w-o-w in absence of active buying inquiries

India's coking coal index held stable at $253/t CNF Paradip on May 1, 2026, amid sufficient stocks and lower steel prices. Vessel freights increased, while HRC prices fell by INR 1,000/t. A marginal price drop is anticipated.
Dalian iron ore firms on upbeat China factory activity data

Dalian iron ore firms on upbeat China factory activity data

Dalian iron ore futures rose 0.51% to 787.5 yuan ($115.15) on upbeat China factory activity (PMI 50.3). This boosted demand prospects, despite some steelmakers reporting profit drops.
China benzene imports in line with expectations in Mar

China benzene imports in line with expectations in Mar

China's March benzene imports reached 458,700 tonnes, near forecast. Expected to fall to 250,000-380,000 tonnes in April-May due to regional production cuts. Imports rose 10.46% MoM but fell 14.14% YoY.
China Mar styrene imports plummet, exports up 344.70% YoY

China Mar styrene imports plummet, exports up 344.70% YoY

China's March 2026 styrene imports plunged 99.97% to 1.725 tonnes, while exports soared 344.70% to 84,500 tonnes. This sharp divergence, driven by ample domestic supply and global arbitrage, is expected to continue.
China's Mar PVC exports hike 86.70% on policy-led rush, global gaps

China's Mar PVC exports hike 86.70% on policy-led rush, global gaps

China's March PVC exports surged 86.70% due to a policy-led rush from cancelled export rebates and global supply tightness caused by geopolitical conflicts, showing strong Q1 2026 performance.
India-US met coal trade will not shield the steel sector from price shocks, supply constraints

India-US met coal trade will not shield the steel sector from price shocks, supply constraints

India's steel sector, 90% reliant on imported met coal, faces price shocks. 64% of new 300 MTPA crude steel capacity by 2030 needs imports, deepening dependence despite US trade.
First Vecchiato forging plant in India

First Vecchiato forging plant in India

Vecchiato commissioned India's first integrated open die forging plant for PTC Aerolloy. Featuring a 4,300-ton press and 16-ton manipulator, it achieves 110 strokes/minute with 1mm accuracy, reducing power by 40%. This boosts India's aerospace and defence sector.
MMRDA completes key Line 2B harbour crossing

MMRDA completes key Line 2B harbour crossing

MMRDA completed a critical 42-metre, 178-tonne steel span installation for Metro Line 2B's harbour crossing. Civil works are 92% complete, promising 75% reduced travel time and enhanced Mumbai connectivity.
Hyundai Steel narrows net loss in Q1 2026 despite cost pressures

Hyundai Steel narrows net loss in Q1 2026 despite cost pressures

Hyundai Steel narrowed its Q1 2026 net loss to KRW 39 billion from KRW 54 billion, with sales up 3.1% to KRW 5.74 trillion. Operating profit reached KRW 16 billion, reversing a loss, driven by improved sales volumes despite cost pressures.

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