Page 6 - Steel Industry

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

Iron ore is the key steel making raw material. A change in its prices has a direct impact on the rates of steel

Rourkela Steel Plant registers 'best-ever' Apr-Oct production in key areas

The earlier best April-October performance in all these segments was achieved in FY19

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

JSW Steel USA begins Phase II upgrade of plate mill facility in Texas, US

The project which is expected to be completed by 2023, is being carried out by its subsidiary company JSW Steel (USA) Inc, JSW Steel said in a statement.

Coal-parched steel, aluminium firms battle lower utilisation, higher costs

Primary steel producers, however, remain unperturbed as they rely on imported coking coal to meet their demand

National Mineral Index a likely solution to keep steel prices reasonable

Diversity in grade quality could make index formation difficult, say industry officials

India's steel output expected to jump 18% to 120 MT in FY22: MoS Steel

India's crude steel output is expected to soar about 18 per cent to 120 million tonnes (MT) by the end of the ongoing financial year, Minister of State (MoS) for Steel Faggan Singh Kulaste said

Steel industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker

MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic

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

Exporters want steel, pharmaceuticals sectors under RoDTEP scheme

The RoDTEP guidelines do not include sectors such as steel, organic & inorganic chemicals, and pharma under the scheme

Jindal Stainless Hisar ties up with MNIT Jaipur for product R&D

Jindal Stainless (Hisar) Ltd has signed a pact with Jaipur-based Malaviya National Institute of Technology (MNIT) to conduct product research and development in the iron and steel industry

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

ArcelorMittal posts $4 billion net income in April-June quarter

The Luxembourg-headquartered integrated steel and mining company follows the January-December fiscal year.

Record steel prices inject life into industry; India set to boost capacity

Industrial demand propels rallies, with plants straining to boost supply after lying dormant during pandemic.

BS Number Wise: How many years have we lost to coronavirus?

One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

India's crude steel output grows 46.9% to 9.2 mn tonnes in May: Report

India registered a 46.9 per cent year-on-year growth in its crude steel output at 9.2 million tonnes in May, according to worldsteel data

Few takers for India's coal mines with production apparently having peaked

Coal consumption to become even more import driven as domestic production plateaus

Rs 6,322-crore steel PLI scheme likely to get Cabinet approval soon

A PLI scheme in specialty steel is expected to boost manufacturing capabilities for value-added steel, increasing exports

Relief for Tata Steel as revenues rise faster than liabilities in FY21

Debt reduction led to sharp improvement in leverage ratio