Steel melters concerned over surge in power rates LAHORE: The Pakistan Steel Melters Association (PSMA) has expressed significant concern regarding the recent surge... Published 08 Feb, 2024 05:02am
Markets China’s 2023 steel output likely reached 1.02bn tons BEIJING: China likely produced around 1.02 billion metric tons of crude steel last year, a state-backed steel... Published 15 Jan, 2024 02:04pm
Markets Nippon Steel confident hefty premium for US Steel makes sense TOKYO: Nippon Steel said on Tuesday it can afford to pay $14.9 billion for US Steel, justifying the huge premium it... Published 02 Jan, 2024 05:21am
Markets China’s 2024 steel demand to drop BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state... Published 24 Dec, 2023 04:00am
Markets Energy tariff hike triggers significant steel price surge: PALSP ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) issues a grave warning to the nation as the... Published 26 Sep, 2023 06:33am
Opinion Unraveling state of engineering industry The industrial sector is unquestionably important to Pakistan’s economy, contributing significantly to its growth... Updated 20 Sep, 2023 07:05am
Pakistan Steel sector: FBR Member assures action over smuggling from Iran, Afghanistan ISLAMABAD: The Federal Board of Revenue (FBR) Member Customs (Operations), Zeba Hai Azhar, has assured the ... Published 13 Sep, 2023 06:17am
Markets Iron ore drops on tepid China support measures SINGAPORE: Iron ore futures dropped on Monday, as the markets grew restless on the lack of substantial stimulus... Published 08 Aug, 2023 07:08am
Markets Ferrous metals drop as higher supply, tepid China demand weigh BEIJING: Ferrous metals futures slumped on Monday, pressured by mounting supply and weak downstream demand in top... Published 27 Jun, 2023 06:15am
Markets Dalian iron ore extends rally on improved steel margins BEIJING: Dalian iron ore futures extended gains for the fourth day in a row on Thursday, supported by improved steel... Published 19 May, 2023 06:17am
Business & Finance Rs25bn annual loss due to steel smuggling ISLAMABAD: The documented steel industry has estimated that around 500,000 Metric Tons (MT) steel is being annually... Published 27 Apr, 2023 06:24am
Markets Iron ore futures slump BEIJING: Dalian and Singapore iron ore futures weakened on Monday after China’s state planner said last week it ... Published 07 Mar, 2023 03:16am
Markets Dalian iron ore hits multi-month high BEIJING: Dalian iron ore futures hit an eight-month high on Friday, driven by favourable fundamentals and optimism... Published 05 Mar, 2023 03:36am
Markets Iron ore futures extend losses BEIJING: Dalian and Singapore iron ore futures extended losses on Monday amid concerns over near-term weaker demand,... Published 28 Feb, 2023 06:15am
Markets Iron ore futures dip on regulatory risks MANILA: Dalian and Singapore iron ore futures dipped on Friday, with regulators in China seeking to curb exuberance... Published 26 Feb, 2023 03:27am
Business & Finance ABAD concerned at hike in steel bar rates KARACHI: Association of Builders and Developers of Pakistan (ABAD), while expressing deep concern over hike in steel... Published 25 Feb, 2023 06:23am
Markets Iron ore subdued as DCE tightens trading limits MANILA: Iron ore futures were subdued on Wednesday following an extended rally spurred by optimism around China... Published 23 Feb, 2023 05:52am
Markets Gas tariff hike will help E&P sector but hurt steel, chemical and textile firms, say experts Indirect impact on food and fertiliser could further edge up inflation in the country: AKD Securities Updated 14 Feb, 2023 05:51pm
Markets Iron ore, steel futures fall as China demand concerns persist MANILA: China’s ferrous futures fell on Monday, pressured by mounting domestic steel stocks and rising portside... Published 14 Feb, 2023 05:58am
Opinion Steel, pharma sectors hit harder The issue of letters of credit (LCs) has strongly affected the two sectors in particular: construction (read steel)... Published 12 Feb, 2023 03:56am
Markets Iron ore dips on rising China port inventory, weak demand prospects MANILA: Dalian and Singapore iron ore futures dipped on Tuesday, hovering around their lowest levels in nearly three... Published 08 Feb, 2023 06:10am
Markets Iron ore under pressure as China demand optimism fades MANILA: Dalian and Singapore iron ore futures fell on Monday, hovering around their lowest in more than two weeks, ... Published 07 Feb, 2023 06:07am
Print Steel industry: SBP urged to help resolve issue of LCs ISLAMABAD: The steel industry of Pakistan, facing a severe crisis, has made an urgent appeal to the State Bank of... Updated 06 Feb, 2023 09:09am
Markets Dalian iron ore sets contract high on demand optimism MANILA: Dalian iron ore futures extended gains after a week-long Lunar New year holiday in China, climbing more than... Published 31 Jan, 2023 06:01am
Business & Finance ‘Export emergency’ should be declared: ministry ISLAMABAD: Export-led growth is the cure for our economic woes. Ministry of Planning and Development will recommend... Published 28 Jan, 2023 06:20am
Markets Japan 2022 crude steel output falls TOKYO: Crude steel output in Japan, the world’s third-biggest producer, fell 7.4% in 2022 from the previous year... Published 24 Jan, 2023 06:06am
Markets China Dec steel output rises from prior month SHANGHAI: China’s December steel output rose 4.5% from the prior month, official data showed on Tuesday, as demand... Published 19 Jan, 2023 05:58am
Markets Dalian iron ore higher on strong China demand optimism MANILA: Dalian iron ore futures edged higher on Thursday while the Singapore benchmark price steadied near a... Published 13 Jan, 2023 06:05am
Markets Dalian, Singapore iron ores up MANILA: Dalian and Singapore iron ore futures rose on Tuesday after China said it has seen the peak of COVID-19... Published 11 Jan, 2023 05:53am
Print Steel prices surge to all-time high level KARACHI: The prices of steel rebars rose to an all-time level of Rs 235,000 per metric ton due to shortage of raw... Updated 11 Jan, 2023 10:24am