Iron ore dips on weak steel demand and rising China port inventories, putting additional pressure on the global steel industry. This trend has raised concerns among steel producers, especially as China—the world’s largest consumer of iron ore—struggles with sluggish construction demand and oversupply. The Chart of the Day underscores how the steel sector is at … Read more
Visa Steel Ltd faces significant selling pressure with a 3.65% decline amid ongoing losses, reflecting weak investor sentiment and continued financial struggles. The steelmaker has been reporting consecutive quarterly losses due to high debt, weak demand, and volatile raw material prices. The fall underscores broader challenges in India’s secondary steel sector, where smaller players face … Read more
Interarch Building Solutions has commenced construction of a ₹100-crore steel plant in Andhra Pradesh, reinforcing its commitment to India’s growing demand for pre-engineered steel buildings (PEBs). The project will expand the company’s manufacturing capacity, create new jobs, and contribute to regional economic development. The move comes amid India’s surge in infrastructure investments, urban development, and … Read more