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Page 2 - Iron And Steel Industry

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

With massive investment plans, steel leads India Inc's capacity expansion
Updated On : 28 Jun 2021 | 6:10 AM IST

This is the right time to make investment: Seshagiri Rao, JSW Steel

Demand will be robust and India will quickly recover from Covid impact, he says

This is the right time to make investment: Seshagiri Rao, JSW Steel
Updated On : 24 May 2021 | 12:09 AM IST

JSW Steel's US operations poised for a turnaround amid the pandemic

With modernisation of Baytown plate mill, the utilisations will more than double leading to conversion costs reducing by 33-40 per cent, says company

JSW Steel's US operations poised for a turnaround amid the pandemic
Updated On : 05 May 2021 | 10:32 PM IST

We are producing 210 tonnes of oxygen per day: AM/NS India CEO Dilip Oommen

Oommen says major customers have indicated the current surge in Covid cases may have a limited impact on demand, but the situation is being closely monitored

We are producing 210 tonnes of oxygen per day: AM/NS India CEO Dilip Oommen
Updated On : 25 Apr 2021 | 11:06 PM IST

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic
Updated On : 27 Dec 2020 | 11:59 PM IST

Vedanta's steel business back on growth turf after Covid-19 speed breaker

The group's ESL Steel is looking to hit the ground with its plan of doubling capacity towards the end of the fourth quarter

Vedanta's steel business back on growth turf after Covid-19 speed breaker
Updated On : 13 Dec 2020 | 2:33 PM IST

JSPL: Reduction in net debt expected to drive re-rating, say analysts

Rising volumes, expanded capacities, operating leverage, better realisation and debt reduction to aid earnings

JSPL: Reduction in net debt expected to drive re-rating, say analysts
Updated On : 03 Nov 2020 | 10:24 PM IST

Steel set to get costlier by 10-20% for auto manufacturers amid recovery

Though steel companies had to wait to finalise prices, the wait may have proved advantageous for them. Prices have been on an upswing since the country started unlocking

Steel set to get costlier by 10-20% for auto manufacturers amid recovery
Updated On : 31 Oct 2020 | 12:45 AM IST

Import of iron, steel items need mandatory registration under SIMS: Govt

The mandatory registration was earlier imposed on about 300 items. Now about 530 more products have been added

Import of iron, steel items need mandatory registration under SIMS: Govt
Updated On : 28 Sep 2020 | 10:51 PM IST

Cut import dependence for special grade steel, boost R&D: Govt to industry

The government on Thursday stressed the need to cut import dependence for special grade steel, exhorting the domestic players to go for research and development activities and take required measures to make India self-reliant in value-added steel production. Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a Ficcci event, said though the country is the second largest producer of crude steel in the world, it is purely dependent on imports for special grade steel. Value added steel or special grade steel is used in segments like power, ship, rail, metro, defence, auto etc. Kulaste asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India. He said the industry players can conduct research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. This will help India become 'Aatmanirbhar' in ...

Cut import dependence for special grade steel, boost R&D: Govt to industry
Updated On : 24 Sep 2020 | 5:07 PM IST

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

Iron ore prices surge, but export curbs play spoilsport for Indian firms
Updated On : 23 Sep 2020 | 6:10 AM IST

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant
Updated On : 28 Aug 2020 | 10:37 PM IST

Help govt in providing low-cost homes for migrants: Pradhan to steel firms

Pradhan said the government has set a target of providing 100,000 such houses, but the industry should build many more steel-intensive, low-cost houses, which will be a model for others to emulate

Help govt in providing low-cost homes for migrants: Pradhan to steel firms
Updated On : 19 Aug 2020 | 1:24 AM IST

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

Improving realisations may help steelmakers forget Covid-19 memories
Updated On : 09 Aug 2020 | 5:34 PM IST

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

Indian steel firms race to plug demand gap in China amid Covid-19 crisis
Updated On : 10 Jun 2020 | 10:46 PM IST

No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen

Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen

No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen
Updated On : 27 May 2020 | 10:31 PM IST

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao

Ensuring return of labour as important as sending them back home, says Seshagiri Rao

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao
Updated On : 25 May 2020 | 10:28 PM IST
Updated On : 22 May 2020 | 2:41 AM IST

Life after lockdown: Ramping up isn't easy with curbs, labour shortages

The first of a three-part series looks at how manufacturing units are gearing up to the new normal

Life after lockdown: Ramping up isn't easy with curbs, labour shortages
Updated On : 15 May 2020 | 2:11 AM IST

Covid-19 impact: AMNS India's March operations take a hit due to lockdown

The company said that it had moved to match production with the evolving orderbook; steel shipments for 2Q 2020 were expected within the range of 13.5 million tonnes to 14.5 million tonnes

Covid-19 impact: AMNS India's March operations take a hit due to lockdown
Updated On : 07 May 2020 | 9:47 PM IST