Machine Industries — steel industry

Profiteering or Profitability? What domestic steel industry wants from price hike A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. Steel production through BF-BOF route uses iron ore of 1.65 tonne and coking coal of around 750 kg per tonne of steel. Steel pricing continues to occupy a centrepiece in the media for the last few weeks. A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. It is difficult to take a dispassionate view on the issue from the producers’ or users’ points...

ITAC introduces changes to steel industry prices In an effort to improve access to affordable scrap metal for the domestic steel and other metal producing industry, the International Trade Administration Commission (ITAC) has introduced changes to the Price Preference System (PPS). Image source: www.pexels.com This comes after the commission finalised an initial investigation into the supply of scrap metal as an input to the domestic steel producing industry.In a statement on Monday, 5 October, the commission, which is an agency of the Department of Trade and Industry (dtic), said the PPS was first introduced in 2013 to promote the affordable supply...