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18 May 2017

GST rollout: Coal in lowest tax slab, steel prices to remain stable

Fixing of the GST rate on coal at 5 percent will lead to stabilisation of steel prices, a top official said on Thursday.

26 Oct 2016

POSCO Q3 profit jumps to over 4-year-high as China prices gain

POSCO posted its strongest quarterly operating profit in more than four years, beating analysts` estimates, as a sustained recovery in Chinese steel prices helped boost margins for South Korea`s top steelmaker.

09 Apr 2016

Britain urges China to speed up on cutting steel capacity

Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India`s Tata Steel has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk

05 Feb 2016

Slump in oil, commodity prices to help India build infra: CEA

Slump in oil, steel and cement prices presents India with an opportunity to build infrastructure at lower costs as well as shore up public and private spending, Chief Economic Advisor Arvind Subramanian said.

09 Nov 2015

Crisis-hit Tata Steel asks suppliers to slash prices

Amid a crisis in Britain's steel sector, Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.

07 Jun 2015

Steel prices may stay under pressure in FY16: Moody's

Subdued domestic demand and rise in imports from China, Russia and Korea had exerted pressure on steel realisations in the last fiscal, he added.

21 Apr 2015

POSCO Q1 profit up 20%, low iron ore costs outweigh weaker steel prices

That compared with 518 billion won in operating profit in the same period a year earlier, and 632 billion won in the October-December quarter.

Tata Steel Thailand PCL

25 Feb 2015

Tata Steel Thai unit expects net loss for 2014/15 on weak demand

Tata Steel Thailand PCL, the Thai unit of India`s Tata Steel Group, said on Wednesday it expects to post a net loss for the fiscal year ending March 2015 due to falling steel prices and weak demand.

26 Nov 2014

NMDC may slash iron ore prices in Dec

Falling global prices and subdued demand may prompt country's largest iron ore miner NMDC to cut the price of steel-making raw material for the second month in a row in December.

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