• Skip to main content

    CRU

    January 3, 2025

    CRU: Jindal acquires Vitkovice Steel

    Written by CRU

    India’s Jindal Group has purchased all the shares of Czech steel maker Vitkovice after clearance from the Czech Republic’s anti-trust office which says the transaction will not distort competition.

    “We are convinced that this will strengthen the company and the Czech steel industry,” CEO Radek Strouhal was quoted as saying by the CTK news agency. “The new industrial owner will bring the company stability and, above all, development in the form of investments in production technologies, sharing of foreign know-how and moving towards environmentally produced low-emission steel.”

    CRU

    CRU offers unrivaled business intelligence on the global metals, mining, and fertilizer industries through market analysis, price assessments, consultancy, and events.

    Read more from CRU

    Latest in CRU

    CRU: HR coil futures re-price 2027 forward curve

    CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.