Indian steelmakers’ performance is likely to be hampered in the first fiscal quarter through June by slowing domestic steel consumption growth and elevated coking coal prices, according to Indian credit rating agency ICRA.

India is the second-largest crude steel producing country in the world. During the first four months of …

Global steel output from the 64 countries reporting to worldsteel rose 6.4% on-year in April to 156.7 million tonnes. This was driven by a 12.7% surge in Chinese output to 85mt, according to the latest data from the World Steel Association.

Indian production increased 1.5% to 8.8mt but output in …

The reduction by the US of Section 232 tariff on Turkish steel to 25% will not see Turkish exports to the US return to previous tonnages, according to the Turkish Steel Exporters’ Association (CIB). It does however see this as a positive development, the CIB says.

Besides reducing the tariff on …

Last week the market was dominated by the news that US authorities have decided to relax the existing steel tariffs on some of its principal external steel suppliers - Turkey, Mexico and Canada.

This happened as US trade tensions with China worsened, confirming that some uncertainty remains in the global …