Page 2 - Steel Prices

Likely reduction in steel prices to offer relief to auto, consumer durables

The impact will be seen with a lag and will help only partially

Consistent trade policy

Ad hoc tariffs and duties must be avoided

Steel prices ease over 10%, coal crisis play havoc on secondary steelmakers

Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of Rs 65,000 a tonne

Steel prices likely to fall to Rs 60,000/tonne by March: CRISIL report

Steel prices, which have been on a song for the past two years, are finally set to correct on weak seasonality, and may trade at around Rs 60,000/tonne by the end of the current fiscal year

Tata steel to grow organically, new acquisitions unlikely this decade: MD

Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites

Steel, fuel rates to hit domestic steel demand in coming qtrs: SteelMint

The domestic steel demand is expected to take a hit in the coming quarters due to "very high steel prices" and continuously rising fuel prices, according to industry consultancy SteelMint India.

Russian-Ukraine war impact: Steel producers feel a new pinch in India

The Russia-Ukraine crisis has seen product prices soar, but raw material costs are rising even further

Will maximise European facilities to meet market needs: Koushik Chatterjee

"Demand and supply dynamics and input cost are the key influencing factors on steel prices," said Chatterjee.

Ukraine conflict: Steel prices jump up to Rs 5k/tonne as supply chains hit

After the price revision, a tonne of HRC will cost around Rs 66,000, while the buyers will get TMT bars for about Rs 65,000 per tonne

After two months' resistance, steel prices rise again in Feb on cost push

Companies discuss special pricing for MSME customers with government

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

Domestic steel prices to soften 10-15% in 2022: S&P Global Platts

Domestic hot-rolled coil prices are expected to average Rs 53,550-56,700 a tonne in CY 2022. This compares with Rs 63,000 per tonne YTD in 2021, which is 58% higher than Rs 39,761 per tonne in CY2020

Indian steel prices won't fall as much as global rates: JSW's Seshagiri Rao

JSW Steel MD and group CFO Seshagiri Rao said Indian steel prices were at a discount to international prices during the rally and therefore the correction will not be as steep

High input cost, weak steel prices to hit steel industry earnings: Icra

Spot coking coal prices hurting firms' earnings, but industry's absolute profitability metrics will remain at healthy levels in next 12 months; ratings agency maintains 'Positive' outlook for sector

China steelmaking ingredients fall as utilisation rates slip for 7th week

Capacity utilisation rates of blast furnaces at 247 steel firms across China declined for the seventh straight week

Current steel rally might make FY22 a turnaround year for Tata Steel Europe

The removal of "Section 232" - 25 per cent tariffs by the US while allowing limited volumes of steel from the European Union - should also augur well for TSE

Steel prices weaken on local, global cues, short-term blip, say companies

While huge production cuts in China have driven down prices; companies see demand improving in international market going forward

Industry body PHDCCI bats for having regulator to check steel prices

The chairman of the PHDCCI's metals and minerals committee made the request to the government at a session to discuss the issues faced by the stakeholders of the industry

No respite for steel users as prices likely to remain high: Report

Steel prices are set to go up further due to the expected coal or power shortage and rising raw material prices in China that will potentially weigh on the earlier-anticipated price correction

Rising prices of coal to weigh on steel companies' September qtr earnings

While the YoY show is expected to be stellar on low base and high realisations, QoQ profit growth is estimated to be weak for most players