Apr 03

Steel makers mulling price hike – NDTV

Leading steel makers are mulling hike in prices with at least one of them confirming raising the rate by Rs 1,400 per tonne to offset the cost push and to minimise gap with landed cost of the imported metal. "We have hiked the price by 3-4 per cent ...
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Apr 02

Iran sanctions, RG steel bankruptcy sink UK steel trader Balli

By Silvia Antonioli LONDON (Reuters) - Trade sanctions against Iran and the bankruptcy of U.S. steelmaker RG Steel were among the troubles that forced London-based commodities trader Balli to enter administration, industry sources said. Privately owned Balli Group plc and two of its affiliates entered administration on March 20, with Deloitte LLP appointed as administrators. Many European steel ...
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