Page 3 - Iron And Steel Industry

Ferrous metals headed for subdued start in FY21 due to dip in auto demand

Analysts believe that strict quarantine measures to enforce lockdown will lead to demand erosion even though the supply side is facing relatively lower disruptions

Coronavirus lockdown: SAIL rings alarm bells over financial position

Impacted by customers in various sectors shutting operations

UP allows 9 industries to operate at 50% capacity amid Covid-19 lockdown

These industries include cement, steel, chemical, textile barring garments, foundries and a few others

As coronavirus epidemic spreads, Indian steel industry may have a meltdown

Coronavirus is likely to keep up the pressure on Indian domestic steel prices in the near term

Govt taking steps to meet input challenges in steel sector: SAIL chairman

Issues include iron ore allocation, coking coal crunch and high cost of producing steel in India

Steel, iron ore companies likely to add 13 mt of capacity by FY22

While 13 mt is likely to be the addition in the next two years, by FY25, the ministry is expecting 28-30 mt from the current planned capacity expansions of existing players

Govt steps post-budget and festive season will boost demand: JSW Steel

Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors

Global iron ore prices at five-year high, but India fails to cash in

By failing to extend the zero export duty benefit on higher grade ore, Indian miners could not cash in on supply shocks and rising Chinese demand

Steel stocks still under the pump, rising iron ore prices pose threat

Tata Steel, JSW Steel, SAIL, Jindal Steel and Power (JSPL) all continued their downtrend and are trading 11-19 per cent lower since the end of April

India signs $5 bn-worth of pacts to give impetus to iron and steel industry

The pacts were signed between 20 technology providers, capital goods manufacturers and steel producers for manufacturing of capital goods in India