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Steel prices peaked in 2008: Minister
New Delhi, Dec 12 (IBNS) Minister of Steel Beni Prasad Verma has said that the price of steel in the domestic market was at its peak during April to July 2008.During the last three years, the price of steel items in the domestic market has been fluctuating in accordance with the domestic market conditions, international steel market prices and price movement in raw material in the international market.

High raw material prices squeeze steelmakers' margins globally

Winter is still a few months away, but the steel industry, particularly in the US and EU, has already started feeling the chill. In the face of falling demand from automobile and consumer durables

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ArcelorMittal, Uttam Galva embark on next phase of growth

Everyone was caught by surprise when ArcelorMittal, trying to gain a foothold in the growing Indian steel market, bought a 33.8 per cent stake in Uttam Galva, a company whose installed capacity is

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Coking coal price expected to rise with shift to short-term contracts
Developments in steel market likely to determine the extent of shift.

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Ore prices up 11% on hopes of revival
Despite uncertainty in the steel market due to poor demand for long products, iron ore prices have moved up 11 per cent in a month.The prices gained on hopes of revival in construction projects that

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Weakening demand may hit steel market

The deterioration in global macro-economic conditions suggests a weakening demand environment for metals through the remainder of 2008.

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