Page 2 - Steel Companies

Tata Steel, JSW Steel subsidiaries ramp up capacity in tinplate

JSW Coated and JSW Vallabh Tinplate, the wholly owned subsidiaries of JSW Steel, are increasing capacity from 350,000 tonnes to 620,000 tonnes

Race for steel supremacy begins with disinvestment plans for three units

Among the upcoming assets, Tata Steel is keen on participating in the bidding process for RINL

SAIL aims at reducing net debt to Rs 15,000-20,000 crore in FY22

Steel Authority of India Ltd is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal if the prices and demand for the commodity remain stable

Jindal Steel plans $2.4-billion spend in six years, double output

The steelmaker plans to raise total crude steel capacity to 15.9 million tons by March 2025 from 8.6 million tons, the New Delhi-based company said in an investor presentation on Tuesday

Iron ore price fall yet to completely reflect in the domestic market

Steel companies in wait-and-watch mode, expect reduction from NMDC

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

Rising global steel prices may tone down a bit as supply eases:CARE Ratings

Led by China and India, world steel production grew 15% YoY during the first five months of CY21

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

Steel companies negotiate 10-16% price increase for auto manufacturers

While some mills have finalised contracts, others hope to close by month-end. Deals are for April-June quarter

Steel companies likely to add 29 million tonnes capacity in five years

With a better financial health, leading companies are now better placed to undertake expansion projects than they were in the past several years

Indian steel companies see long-term change as industry rally continues

DMarket has rising since November and even lockdowns for Covid-19 have not hurt demand, say executives.

Auto companies may see sharp increase in prices for steel contracts

Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations

India Inc lends a hand to ease shortage and transportation of oxygen

On Friday, Dharmendra Pradhan tweeted that steel units across India had supplied over 143,000 tonnes of liquid medical oxygen till now with steel CPSEs pitching in with 39,000 tonnes

Covid-19 second wave: India Inc lends a hand amid shortage of oxygen

Over the weekend, many companies stepped in to ease the bottleneck in supply and transportation of oxygen, as demand ran high with the surge in cases

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Steel cos engage with vaccine makers to move bulk supply for employees

JSPL Chief Human Resource Officer said "we are reaching out to vaccine manufacturers for bulk supply of doses and will try to get these doses after completion of all frontline vaccination"

Airlines, steel companies, auto makers race to get vaccine for staff

Companies are asking their employees to be termed as essential workers and are in talks with vaccine makers for bulk procurement

Steel companies raise prices by upto Rs 2,400 a tonne, more hikes expected

Since India entered the unlocking phase, steel prices have been on a continuous uptrend

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Jindal Steel first private firm to get "regular supplier" tag from Railways

With this, Indian Railways, its arms and track-laying contractors can source 60kg 880 grade (90 UTS) Rails made by JSPL for their ongoing and upcoming projects