Steelmakers in India, Asia’s second- largest user of the alloy, are poised to boost exports to a record as demand slows at home and a plunge in the rupee near an all-time low increases the value of sales overseas.
Gina Rinehart, Asia’s richest woman, built her fortune by heeding her own counsel. Now she’s testing that acumen by building her own iron ore railroad in Australia’s remote north -- just as prices enter a bear market.
Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, expects demand to improve in the second half as the government eases liquidity and policy restrictions, General Manager Ma Guoqiang said.
Baosteel Group Corp., the parent of China’s largest listed steelmaker, may consider moving its main factory out of Shanghai to avoid energy consumption and environmental curbs, Chairman Xu Lejiang said.