ferro-alloys.com: Rio Tinto set to capitalize on gushing iron ore cost

When Section 232 tariffs were proposed, some feared it could lead to a spike in downstream fabricated steel imports.

According to S&P Global Platts, Nucor (NUE) announced a price increase of $40 per short ton.

ferro-alloys.com:Production targets over-ambitious iron-ore set by NMDC

ferro-alloys.com:China's iron ore recoups as attention moves to request outlook

Chinese steel producers saw their profits fall 18.2 percent year on year in the first five months of 2019.

The open interest in steel contracts on ICEX has seen a 40 per cent spike in the past four months.

Three-fourths of the amount will be used for the Rs 23,500-crore.