Steelmakers

ArcelorMittal SA on Friday said its Indian steelmaking joint venture with Asian peer Nippon Steel Corp has entered into a $5 billion loan deal

Spot steel prices have been rising both globally and at home since December; a hike of over 12% in the domestic market would have been the basis of negotiations for the upcoming contracts

Benchmark steel prices are down more than 50% this year as surging inflation has crimped appetite for longer-term projects

Irani transformed Tata Steel totally to make it the world's lowest-cost steel producer by 2001, completely revamped technology and used his phrase "Customer Har Haal Me" to augment user delight

Global macroeconomic challenges to shape turnaround of JSW Steel and Bhushan Power & Steel

The NARCL will have the right to match any counteroffers, as the lenders have put the debt on the block

Steel-makers are in for better times from the second half of the current fiscal as lower input cost and robust domestic demand will ease their margin pressure and lift operating margins to over 25 per cent, as per a report. The industry was hit by high input costs in the first quarter and is still under pressure in the ongoing second quarter, the rating agency said in the report. As a result, their operating margins of primary steelmakers are likely to fall to 14-16 per cent in the first half of this fiscal -- massively down from 30 per cent last fiscal, which was a decadal best -- due to high input costs, lower realisations and imposition of export duty on finished steel products, among other reasons, Crisil added. However, from the second half onwards the margin pressure is expected to ease due to lower production costs because of declining raw material prices and steady realisations backed by robust domestic demand, lifting it above 25 per cent, the report said. This will have t

The domestic market has also seen a sharp correction in steel prices from peak levels

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

The mineral-rich state contributes about 20 per cent to the country's secondary steel output

Captive coal availability and zero-debt target by the end of the year are positives

Now, beginning June, steel mills are expected to announce a cut for monthly contracts

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

In the wake of rising input costs, especially primary steel, the government's decision to remove import duty on raw materials for the metal production would lower costs for domestic steelmakers

World's largest steel co set to buy Uttam Galva

CREST is an integrated plant with a sponge iron capacity of 225 kilo tonne per annum (KTPA)

High input costs amidst supply disruptions, and adverse change in output/demand in key markets like China are downside risks

The ongoing conflict between Ukraine and Russia will burden domestic steelmakers with high input costs, according to rating agency Icra. However, the tension between the countries provides exports opportunities to the Indian steel players, the rating agency said in a statement on Monday. "Russia-Ukraine conflict to heighten input cost pressures, but also open up export opportunities for Indian steel companies. Sanctions on Russia could open new export opportunities for Indian steel mills in geographies like Europe, the Middle East and the USA, which could face supply shortages in the near term," it said. Notwithstanding the input cost pressures, the industry earnings are expected to remain healthy in the next 12 months and its outlook for the industry remains positive, Icra further said. The domestic steel demand is also pegged to grow at 7-8 per cent in FY2023 on the back of an estimated growth of 11-12 per cent in FY2022, supported by the government's large infrastructure spendin

NEW DELHI (Reuters) - India's top steelmakers have urged the government to provide federal funding and other economic assistance to help them meet targets for cutting carbon emissions, a leading industry body said.

Next fiscal year, steel demand is expected to grow at a moderate pace of 6.5-7.5%, led by further pickup in construction activity