Dalian and Singapore iron ore futures were firmer on Monday, rebounding from oversold levels, although traders' disappointment particularly over the demand for construction steel products in China capped gains.
Copper prices are likely to hit a record high in the next 12 months, commodity trading major Trafigura has forecast, citing the rebound in China’s economy and short supply.
Aluminium yesterday settled down by -0.24% at 205.65 as the resumption of production by aluminum smelters in Sichuan, Guizhou, and other places has led to a slight recovery on the supply side. Downstream consumption continued to pick up, driving domestic aluminum
The global steel industry faced a lot of challenges last year, both in India and internationally. Koushik Chatterjee, the CFO of Tata Steel, spoke with CNBC-TV18 on the sidelines of the CII CFO Conclave about the current state of the steel market and what one can expect going forward.27 Mar, 2023 - Special Correspondent
Domestic brokerage and research firm Motilal Oswal Financial Services expects robust domestic demand, the enhanced vision of one billion tonne production, and an improved e-auction premium to drive a strong near-term performance for the Coal India stock.27 Mar, 2023 - Special Correspondent
Global miner BHP Group Ltd (BHP.AX) and Chinese steel company HBIS Group Co Ltd (000709.SZ) have agreed to trial carbon capture, utilisation and storage (CCUS) technologies at the Chinese firm's steel mills, the companies said on Monday.27 Mar, 2023 - Special Correspondent