Page 13 - Steel Industry

Decline in steel prices, surge in orders, bring happy times for pipe makers

Lower steel prices have helped improve margins while govt's focus on infra development for water, oil and gas has brought a surge in orders for the manufacturers

Steel industry seeks booster for demand revival amid economic slowdown

Against this backdrop, says the industry, the corporate tax cut announced by the central government is not going to change much for now

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

Demand woes, downgrades keep sheen off steel industry, say analysts

Low realisations, higher input costs and imports have added to worries

Steel demand is expected to pick up in H2, says Tata Steel's T V Narendran

The steel sector has been facing demand worries with a slowdown in almost every user industry

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Production of finished steel to decelerate to 3-4% in current fiscal

The gloomy outlook on finished steel output comes after five years of consecutive firm growth between FY15 and FY19

Steel executives' guild urges PM Modi for 'hassle-free' SAIL-NINL merger

With MMTC going public on its intent to sell stake in NINL and two other key promoters also wanting out, revival of proposal for merger with SAIL can inject a dose to hope to the ailing NINL

Tata Steel Q1 consolidated net profit at Rs 702 crore, down 64% YoY

India operations hit on fall in realisations, weakness in auto sector

Tohoku Steel inaugurates Rs 80 crore unit at Sri City to cater auto sector

The plant produces heat-resistant steel rods and soft magnetic stainless steel rods as per customer requirements

Steel imports from South Korea and Japan fill up the Chinese gap

The Indian steel industry has asked for a safeguard duty on steel imports

Steel industry to keep utilisation levels high in lean monsoon period

The industry's capacity utilisation level drops during monsoon as construction activity takes a hit

India pips Japan as second-largest steel producer; China on top: Worldsteel

India's crude steel production in 2018 was at 106.5 MT while Japan's was 104.3 MT

Secondary steel producers to play big role for 300 mn tonne industry

There is ample scope for global players to set up new plants by buying stakes or partnerships with PSUs. This can happen quickly

India likely to leave behind US in steel consumption this year: Minister

India is expected to edge past the US with regard to steel consumption this year, Steel Minister Chaudhary Birender Singh said Tuesday. Addressing the fourth edition of India Steel 2019, the minister said, "Growth trend in steel consumption in India will continue, due to strong manufacturing sector, diversified demand demographics, accelerated expenditure on infrastructure, anticipated increase in GDP and strong focus on 'Make in India'." "We are likely to leave behind US in terms of steel consumption this year," Singh said. A budget of around Rs 6 lakh crore was allocated for infrastructure development in the current financial year, he noted. "So, based on these enabling factors and with huge potential yet to be tapped, the per capita consumption can easily be increased from the current levels," he added. Steel Secretary Binoy Kumar said that the National Steel Policy 2017 along with the Policy for Preference to Domestically Manufactured Iron & Steel Products have resulted in ...

Govt to investigate allegation of low quality steel in market: Steel Min

Singh said this while reacting to the claim of the First Construction Council (FCC) that 26 TMT bar brands in the country had failed in quality parameters in sample tests

Steel industry needs more curbs, says ThyssenKrupp CEO Guido Kerkhoff

The biggest steel-making nation has reshaped the industry in the past three years by closing plants, tightening environmental controls and imposing targeted production curbs

Steel companies cheer on better utilisation in lean July-September quarter

Lower-than-estimated rainfall lends support to steel industry

Steel sector faces pricing, supply issues; insolvent firms adding to woes

National Steel and Indian Steel might also be soon going before the NCLT

Steel industry hopes govt will bring clear policy to boost ecosystem

Chaudhary Birender Singh, Minister of Steel, to inaugurate MMMM 2018 at Pragati Maidan, New Delhi on August 29