Page 12 - Steel Industry

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

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

Coronavirus outbreak to impact steel industry for next 2-3 years: Pradhan

The minister also asked Indian steel companies to enhance output, particularly special steel, to grab larger global market share

Domestic steel players raise prices amid absence of green shoots

Next two-three months to test if domestic steel price hikes are sustainable

Mining is one of the growth areas for Tata Steel: CFO Koushik Chatterjee

The company has chalked out a master blueprint for growth in India over the next decade, Tata Steel CFO tells Ishani Ayan Dutt

New codes likely to take 1,200 steel items out of 'others' category

These new codes will accurately define and classify the imported product

Auto scrappage policy targeting CVs a way to start revival: Sajjan Jindal

If we are to become a $5 trillion economy, then we need at least 7 per cent to 8 per cent GDP growth, if not higher, says Sajjan Jindal

20 key industrial, political and economic developments to expect in 2020

Where is the Sensex headed? will the economy turn around? what about sectors like auto, pharma, consumer goods and infra? Business Standard tells you what to expect in the new year

As Steel firms bid 2019 goodbye, they hope for better pricing in 2020

Analysts see commodity prices looking up and say looking forward to a pick-up in consumption

Disruption likely in steel industry after March as mine leases expire: SAIL

Coking coal and iron ore are the two key raw materials needed for making steel.

Slowdown blues: Steel industry reels from poor demand, wafer-thin margins

Steel output has contracted for two consecutive months, after at least four years of continuous expansion.

Growth after slowdown: India a net exporter of steel in FY20, says Pradhan

He was responding to a query on whether the government proposes to set up new steel plants in Haryana

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

Steel sector may face disruption in iron ore supplies with 232 mines expiry

With the leases of 232 merchant iron ore mines expiring in March next year, the country may face a short-term disruption in supply of the main ingredient used in making steel, Acuite Ratings & Research Ltd said today. "The expiring leases can potentially curtail about 25-30 per cent of the country's iron ore production, taking into account the expiring leases of other states as well," Acuite Ratings & Research Ltd said in its latest report. Iron ore is the main ingredient used in making steel. Consequently, any significant delay with respect to auctions and more specifically lease transfers will affect iron ore supply and prices, thereby putting further pressure on sector profitability. Non-integrated steel companies, which do not have access to captive iron ore mines, will be relatively more vulnerable in the event of such delay. Therefore, a smooth transition in the lease transfers through the upcoming auction process along with the expected increase in pellet availability ..

Pradhan urges steelmakers to adopt green practices, boost production

As the country invests Rs 100 trillion in creating and upgrading infrastructure, steel consumption is poised to grow exponentially

Metal companies may trim capex further to avert cash-flow mismatch

Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore

Amid slowdown, steel companies reduce prices for automakers by 14%

A steel producer said lower prices would hopefully support the auto sector

Need self-sufficiency in high-grade steel; industry must step up: Pradhan

High grade and value-added steel are used in power, defence and automobile which is currently imported

ArcelorMittal to shut down steel plant in South Africa, lay off 1000

South African government expresses 'disappointment' at the decision of ArcelorMittal South Africa.

Roads to rail tracks: India must iron out logistics for transporting steel

For India to benefit from capacity targets set in the National Steel Policy 2017, modes of transportation other than road and rail need to be developed first