India's Steelmakers

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Economic Survey: India sees 25% growth in steel output during Apr-Oct FY22

India's crude steel production increased 25 per cent year-on-year to 66.91 million tonne during April-October period of 2021-22, according to the Economic Survey.

Export fetters by China, Russia spell good news for Indian steelmakers

China has removed export tax rebates for 23 steel products. Export tax on key steel-making inputs pig iron and ferrochrome is set to rise

Steel makers push for exports as rural stress impacts domestic demand

Rural off-take has taken a hit due to increased spend on health and lower incomes

Aditya Mittal set to take over from his father as CEO of ArcelorMittal

The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year

JSW Steel Q3 production up 6% at 4.08 million tonnes in December quarter

JSW Steel on Thursday reported crude steel production of 4.08 million tonnes in the third quarter (October to December), marking a growth of 6 per cent quarter-on-quarter and 2 per cent year-on-year.

Jindal Steel and Power posts record sales, production numbers in December

Private steel maker Jindal Steel and Power Ltd (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020

Steel maker Micky Metals holds back expansion project over high power cost

Micky Metals is holding back an expansion plan at its steel making plant in Bengal's in Birbhum district as "high power tariff" of the state-run electricity discom is making the project "unviable"

Indian steelmakers turn net exporters to China in April-Aug: Crisil

Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August

Growing Chinese demand, rising global prices to help domestic steel players

Rising Chinese demand, expected supply cuts in winter and global prices rising to above anti-dumping duty levels bode well for domestic companies

Domestic steelmakers raise product prices for a second straight month

While steel producers expect the market to embrace price hike, industry officials are of the view that the consumer is not ready and continuous hikes of this kind may not be sustainable

Steelmakers fear iron ore supply disruption once leases expire next March

Industry says transition from existing to new lessee is not going to be as easy as anticipated

With strong demand, India's biggest steelmakers plan record output

JSW sees Indian steel consumption rising by as much as 7.5 percent in the 2019 financial year