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Iron Ore Rebounds on China Supply Restrictions

Iron Ore Rebounds on China Supply Restrictions

Iron ore futures climbed above CNY 740/ton, recovering from one-year lows. China's supply restrictions on Fortescue products to steel mills tightened the market, causing the rebound.
Babu to launch Rs 16,350 crore Kadapa Steel Plant works

Babu to launch Rs 16,350 crore Kadapa Steel Plant works

Andhra Pradesh CM will launch JSW's Rs 16,350 crore Kadapa Steel Plant works on July 3. The 2 MTPA green steel facility, targeting March 2028 production, will create thousands of jobs and boost industrial development in Rayalaseema.
World Stainless Acid Resistant Steel - Market Analysis, Forecast, Size, Trends and Insights

World Stainless Acid Resistant Steel - Market Analysis, Forecast, Size, Trends and Insights

The global Stainless Acid Resistant Steel market is set for sustained expansion, projected to grow at a 4.8% CAGR to 2035. Demand is driven by semiconductor, chemical processing, and energy infrastructure investments, with premium grades seeing 5-7% annual growth.
EU issues new steel, e-commerce regulations to reduce trade imbalance with China

EU issues new steel, e-commerce regulations to reduce trade imbalance with China

The EU implemented new steel import quotas (18.3M tons) and a €3 customs duty on small e-commerce parcels, removing a €150 exemption. This aims to reduce a €360 billion trade deficit with China and protect EU industries.
EU allocates steel import quotas to trading partners to curb import surge

EU allocates steel import quotas to trading partners to curb import surge

EU implements new steel import quotas from July 1 to curb surges, offering preferential treatment to trade agreement partners.
EU Cuts South Korea’s Steel Quota

EU Cuts South Korea’s Steel Quota

The EU cut South Korea's tariff-free steel quota by 510,000 tons due to new import regulations. In response, South Korea's government is boosting domestic demand through customs and logistics support.
AP govt has disbursed over Rs 68,000cr as welfare pensions: CM Naidu

AP govt has disbursed over Rs 68,000cr as welfare pensions: CM Naidu

AP CM Naidu announced Rs 68,598 crore disbursed as welfare pensions to 62.2 lakh people. He highlighted Rs 1 lakh crore BPCL refinery, Rs 24,000 crore irrigation spending, and a new steel plant, aiming for state development.
China-Australia mining cooperation expands amid green transition

China-Australia mining cooperation expands amid green transition

China-Australia mining cooperation expands beyond traditional iron ore to mine decarbonization, green steel, and renewable energy applications. This collaboration is driven by the global mining industry's accelerating transition towards lower-carbon production.
Anti Dumping Duty Could Raise Transformer Costs

Anti Dumping Duty Could Raise Transformer Costs

India's anti-dumping probe on CRGO/amorphous metals from China, Japan, South Korea, Russia could raise transformer costs, impacting Rs 9.15 trillion grid expansion. With 90% import dependence, higher duties may slow infrastructure growth.
[SMM Stainless Steel Flash] EU Publishes Steel Safeguard Country-Specific Quotas, Effective July 1, 2026

[SMM Stainless Steel Flash] EU Publishes Steel Safeguard Country-Specific Quotas, Effective July 1, 2026

EU sets steel safeguard quotas effective July 1, 2026. India secures significant allocations: 92,557t for bars, 38,054t for cold-rolled sheets, 18,772t for wire rod, and 15,329t for seamless tubes. Total 18.3M tonnes, 50% duty.

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