India’s steelmakers face a fresh cost squeeze as Australian premium coking coal prices surge 25%. India imports up to 95% of its met coal needs, leaving mills highly exposed to global supply disruptions. #India#Steel#Coal#Commodities
Iron ore prices hit a one-year low as weak Chinese steel demand, rising supply, and growing inventories deepen expectations of a market surplus. Analysts now see prices averaging around $95/ton in 2027, with softer demand continuing to weigh on the outlook. #IronOre#Steel#China
The UK has officially nationalised British Steel after determining the move served the public interest. The government says public ownership will protect thousands of jobs, secure domestic steelmaking, and preserve one of Britain's last virgin steel plants. #Steel#UK
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