NEMO Selects Tenova for Louisiana DRI Plant Nippon Steel Returns to Profit in Q1 JFE Steel Produces Iron Using Green Hydrogen
Steel rebar futures slipped below CNY 3,060 per tonne, moving closer to multi-month lows as declining profitability at Chinese steel mills raised expectations of further production cuts.
Steelmakers faced increased financial pressure as high coking coal costs and weak finished steel prices continued to squeeze operating margins. Planned maintenance shutdowns and output reductions are also expected to limit near-term steel production, adding uncertainty to the market outlook.
Meanwhile, China has launched Guangyan International Investment Co., a new mining investment vehicle aimed at strengthening the country’s control over overseas mineral resources. Authorities are also working to standardise international metals transactions, improve regulatory oversight and encourage mining companies to share investment risks through partnerships.The steel market may remain under pressure as traders monitor raw material costs, mill profitability, production levels and demand conditions.
Also Read : China Negotiates With EU Over New Steel Import Restrictions China Cuts Steel Output 6.9% in May as Government Curbs Begin to Bite
Tata Steel has made its India growth strategy clear: the company wants to expand on its own ra...
Business 19-May-2026
SAIL’s Durgapur Steel Plant has awarded SMS group a modernisation contract to upgrade it...
Business 03-Apr-2026
West Bengal's Finance Minister Chandrima Bhattacharya presented the state budget for the financial y...
Announcement 09-Feb-2024
The Mines Ministry is seeking to guide and hand-hold Indian companies, both private and conglomerate...
Raw Material 19-Mar-2024
Ukraine’s Interpipe Delivers Steel Pipes For Swiss Alps’ Titlis Tower Inter...
Energy 25-Jul-2025
Following the official visit of Professor Makame Mnyaa Mbarawa, Minister of Transport, United Republ...
Logistics 22-Jan-2024