Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals in South Africa due to an escalation in the security situation at the operations.

Mr Sanjeev Gupta is negotiating with Glencore to refinance its European aluminum business debt to remain in control of one of his best assets.

Texas Governor Mr Greg Abbott announced that Optimus Steel LLC will establish a new rebar line and coil handling facility in Orange County in Texas.

The 2109 ferrosilicon contract price on ZCE closed at 8066

India’s Director General Trade Remedies announced that American Precoat Speciality Private Limited has filed for initiation of anti-dumping investigation concerning imports of Electrogalvanized originating in.

A provisional deal reached between Liberty Steel and Germany’s Saarstahl.

China’s steel makers expect profits to bounce back for the first half of the year to mirror rising steel prices.

Tata Steel in Annual report for 2020-21 said that “Strengthening the Balance Sheet continues to be the enterprise strategy of the Company.