Page 9 - Steel Industry

Steel firms say they are bullish on demand, prices after coronavirus crisis

Recovery has been sharp after the economy opened up, say industry leaders at a conclave

JSW Steel sees mettle in bankrupt asset amid upturn in steel market

An upturn in the steel market has prompted the country's third-largest steel producer to up the ante on acquiring Bhushan Power

Steel capacity utilisation levels set to drop further to 74-75% in FY21

Capacity utilisation in the domestic steel industry has declined to 77 per cent in FY20 from 88 per cent in FY11.

Thyssenkrupp could open books to Liberty Steel in early Dec: Report

Liberty Steel, headed by metals tycoon Sanjeev Gupta, last month unveiled a non-binding indicative offer for Thyssenkrupp Steel Europe

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

AMNS India keen to expand India footprint if it gets conducive environment

In an interview with Ishita Ayan Dutt, ArcelorMittal Nippon Steel India CEO Dilip Oommen makes a case for curbs on export of iron ore amid a shortage for domestic markets

Minar group forays into Tamil Nadu with new brand, to employ 500 people

Kerala-based Minar Group of Companies on Friday entered the Tamil Nadu market by introducing its new brand Lohind TMT Fe 500 D steel bars in Coimbatore region

Arjas acquires steel, auto components businesses of Modern Steels

Arjas is one of the leading manufacturers of alloy steel in the country

Domestic steel industry showing signs of recovery as demand picks: RINL CMD

Due to the bad market conditions developed post outbreak of the virus, steel makers were forced to cut down their operations by up to 50 per cent in April

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP

After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Domestic steel industry seeing demand recovery with easing of curbs: Icra

Performance of mills, especially blast furnace players, is expected to make healthy rebound in Q2, supported by rising capacity utilisation, successive steel prices hikes and low input costs

Margins under pressure, steel industry seeks ban on exports of raw material

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday

Cut import dependence for special grade steel, boost R&D: Govt to industry

The government on Thursday stressed the need to cut import dependence for special grade steel, exhorting the domestic players to go for research and development activities and take required measures to make India self-reliant in value-added steel production. Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a Ficcci event, said though the country is the second largest producer of crude steel in the world, it is purely dependent on imports for special grade steel. Value added steel or special grade steel is used in segments like power, ship, rail, metro, defence, auto etc. Kulaste asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India. He said the industry players can conduct research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. This will help India become 'Aatmanirbhar' in ...

Tata Steel output back at 100% led by rural demand, good monsoon: Narendran

The company is now less dependent on exports compared to the first quarter, he added

JSPL consolidated steel sales up by 38% in August at 836,000 tonnes

With 836,000 tonnes sales during August against 606,000 tonnes in the corresponding period of the previous year

We may revise iron ore prices further, says NMDC CMD Sumit Deb

The lockdown hit our iron ore production and despatches in the first two months of 2020-21, he says

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19