Page 15 - Steel Industry
Auto, electrical equipment drive steel consumption
Steel consumption in India grew 3.3% to 62 mt during April-December 2016
 "Auto, electrical equipment drive steel consumption")
Little cheer for steel sector as analysts maintain a cautious view
Medium frequency furnaces account for about 9% of low quality steel capacity
 "Little cheer for steel sector as analysts maintain a cautious view")
China shutting down steel capacity unlikely to change global situation
This closure comprises only 9% of the low quality steel capacity which is again a small portion of the total 1.13 bn tonne steel capacity
 "China shutting down steel capacity unlikely to change global situation")
Domestic steel makers start new year with price hike
However, demand being weak at home, mark up will be lower than the Rs 6,000 hike planned earlier
 "Domestic steel makers start new year with price hike")
RBI has issued directions to help debt-burden steel producers: Aruna Sharma
Interview with Steel Secretary
 "RBI has issued directions to help debt-burden steel producers: Aruna Sharma")
Gross NPAs in steel sector at Rs 1.15 lakh crore: Govt
Total loan exposure to India's over $100-billion steel industry, the world's third largest, is about Rs 3.13 lakh crore
 "Gross NPAs in steel sector at Rs 1.15 lakh crore: Govt")
Steel imports rise 3.6% in October
Steel imports last month rose 3.6 per cent to 0.61 million tonnes (MT) compared to August 2016
Why rally in steel stocks is far from over
There is scope for hike in steel prices, which can fuel the stock rally in the markets
 "Why rally in steel stocks is far from over")
India extends steel floor prices to December 4 to curb cheap imports
Steel Secretary said the government was expected to impose provisional anti-dumping on 21 steel products within two weeks
 "India extends steel floor prices to December 4 to curb cheap imports")
Anti-dumping duty likely on certain Chinese steel products
In its preliminary findings, the directorate general of anti-dumping and allied duties has recommended the duty
 "Anti-dumping duty likely on certain Chinese steel products")
Domestic steel demand seen 5.3% up at 85.8 mn tonne in FY17
Consumption to move up further to 90.6 million tonne in FY18
India's steel output rises 8.1% in July
Capacity utilisations remain stagnant at 68.3% on year-on-year basis, fall by 3.7 percentage points sequentially
Protection for steel industry must be temporary: CII President
The steel producers and protection increases the cost of goods for consumers
 "Protection for steel industry must be temporary: CII President")
Procedure for filing anti-dumping duty cases to be simplified
Likely to accrue a benefit of $100 billion to domestic steel sector
 "Procedure for filing anti-dumping duty cases to be simplified")
Pruning of MIP, conditional safeguard puts flat steel makers in a fix
Weekly domestic hot-rolled-coils landed prices ex-Mumbai were $464-479 a tonne, compared with $370-375 FOB, China
Local value addition for steel products better deal than exports
India expects sizeable investment in infrastructure, and conserving resources for local use help keep costs for infrastructure projects in control
 "Local value addition for steel products better deal than exports")
Govt removes safeguard duty from 37 steel products
Decision after steel minister met stakeholders from the industry on July 28
Govt prunes MIP list to 66 steel products
Those with anti-dumping, safeguard duties removed
India's anti-China steel tariffs bite engineering, manufacturing firms
Higher prices, besides hampering exporters, have pushed many steel processing firms into losses
Protection for steel industry may continue
Govt likely to extend protection to the industry by either re-notifying minimum import price or through wider anti-dumping duty
