The deal should complete on Monday.

Ferrosilicon futures 2005 contract close at 5650 on Friday March 6.

Swiss commodity trading group IMR Metallurgical Resources has proposed to set up a major steel plant in YSR Kadapa district in Andhra Pradesh by investing more than INR 12,000 crore.

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

Through 2019, China exported a total of 64.29 million tons of steel, down by 7.3% vs. the same period in 2018.

Nucor Corporation announced that Nucor-JFE Steel Mexico Sde RL de CV, located in Silao, Guanajuato in central Mexico, has begun operating its continuous galvanizing line.

ArcelorMittal in its Annual Report for 2019 said that “The Resolution Plan also includes a capital expenditure plan of INR 18.697 crore to be implemented in two stages over six years.

Steel tender of March moving slowly and showing pessimistic signs by both prices and volumes declining.