Trends - steel - Business Recorder

Markets

Iron ore logs annual gain in a dramatic recovery

SINGAPORE: Iron ore futures traded in a tight band on Wednesday, but defied early 2025 fears to post annual gains on...

Published 01 Jan, 2026 08:15am

Markets

China pledges to control steel output during 2026-2030 period

BEIJING: China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal...

Published 28 Dec, 2025 03:08am

Markets

India recommends import tariffs for three years on some steel products

India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top...

Published 18 Aug, 2025 04:32pm

World

Trump says he will set tariffs on steel and semiconductor chips in coming weeks

ABOARD AIR FORCE ONE: U.S. President Donald Trump said on Friday he would announce tariffs on imports of steel and...

Published 15 Aug, 2025 07:02pm

Markets

EU has existing tools to reduce pain of steel tariffs, Thyssenkrupp executive says

BRUSSELS: Europe already has tools to reduce the impact of Trump tariffs and Chinese over-capacity on the EU steel...

Published 05 Jun, 2025 05:57pm

Markets

India’s finance ministry wants lower energy prices for green steel incentives

NEW DELHI: India’s finance ministry wants green hydrogen prices to soften before deciding on financial support for...

Published 05 Jun, 2025 06:08am

Markets

India to put 12% temporary tariff on steel to curb cheap China imports

NEW DELHI: India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said...

Published 21 Apr, 2025 04:50pm

BR Research

Amreli Steels Limited

Amreli Steels Limited (PSX: ASTL) was incorporated in Pakistan as a private limited company in 1984 and was...

Published 16 Apr, 2025 08:57am

Print

Trump to impose new 25pc tariffs on steel, aluminium

WASHINGTON: US President Donald Trump plans to slap 25 percent tariffs on steel and aluminium imports Monday,...

Published 11 Feb, 2025 06:36am

BR Research

Cement price breather

Cement and steel rebar manufacturers may share the same clients, as they both serve the construction industry, but...

Published 29 Jan, 2025 07:51am

Print

PALSP says high energy tariffs brought steel sector to its knees

ISLAMABAD: Pakistan’s steel industry, the backbone of the country’s economy, is teetering on the edge of ...

Published 11 Dec, 2024 08:01am

Print

Steel sector assails delay in the implementation of budgetary steps

LAHORE: The inexplicable delay in the implementation of budgetary measures modifying tax regime for the steel...

Published 22 Oct, 2024 06:33am

BR Research

Agha Steel Industries Limited

The company was incorporated as a private limited company in 2013 and then converted into a publicly listed company...

Published 11 Oct, 2024 08:54am

BR Research

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...

Updated 04 Oct, 2024 11:19am

Print

Struggle for steel continues

Steel is the basic building block of development. It was due to the influential import lobbies that Pakistan lagged...

Published 05 Sep, 2024 06:19am

Print

Misclassification of steel products: FBR urged to recover taxes from importers

ISLAMABAD: The documented steel sector has conveyed to the Federal Board of Revenue (FBR) that misclassification of...

Updated 07 Aug, 2024 08:00am

Markets

US tightens steel, aluminum import rules to curb China tariff evasion

WASHINGTON: The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to...

Published 11 Jul, 2024 07:37am

Print

PALSP urges govt to stop steel smuggling during Eid holidays

ISLAMABAD: The Steel industry appeals the govt to take pre-emptive measures to block smuggling of steel from Iran...

Updated 01 Apr, 2024 08:46am

Print

Sales tax assessment: FBR to fix minimum values of steel products on quarterly basis

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to fix minimum values of steel products on quarterly...

Updated 21 Mar, 2024 08:41am

Print

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

Print

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

Print

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