Page 5 - Steel Prices

Prices in India haven't gone up to global level: Seshagiri Rao of JSW Steel

In a Q&A, the firm's Jt MD and CFO says he does not see the govt taking any action on steel import duties, based on 'wild allegations' made on price hikes

Engineering exporters seek govt intervention to stem steel prices

Engineering exporters' body EEPC India on Monday sought urgent government intervention to stem the runaway rise in steel prices

Tata Steel's India output grows 3% in Oct-Dec, sales decline 4%

Tata Steel on Friday said its total output from India operations rose 3 per cent to 4.60 million tonnes (MT) during October-December quarter of the current financial year. The output from company's operations in India was at 4.47 MT in the year-ago period, Tata Steel said in a statement. Its sales from India operations during the period under review were at 4.66 MT, down 4 per cent from 4.85 MT in the same quarter of 2019-20 financial year. Tata Steel Europe's output also rose 4 per cent to 2.61 MT from 2.51 MT in the year-ago period. Sales from operations in Europe declined 10 per cent to 2.11 MT during the period under review from 2.35 MT in October-December of 2019-20. "Automotive and special products' segment deliveries grew 48 per cent quarter-on-quarter (q-o-q) on the back of improvement in overall demand, increased share of business from existing customers and new product approvals," the company said in the statement. Deliveries of branded products and retail segment grew

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Steel producers, buyers, material suppliers fight over price hike

Steel manufacturers had focussed on exports during the lockdowns to stay afloat

Despite Covid-19 pandemic, Tata Steel bullish on FY22 demand in India

Globally, steel prices are expected to stay firm, as China may not export large volumes owing to better balance in its domestic market

India's steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

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

S&P Global Ratings revises Tata Steel outlook to stable on earnings rebound

Company's leverage remains high, limiting further rating upside from current 'B+'

Steel prices race past peak levels of 2018, spreads at 3-year high

The market price for hot rolled coil (HRC) - a benchmark for flat steel - now stands at around Rs 47,500

JSW Steel offers preferential pricing to small businesses, assures supply

Personalised services will enable MSMEs to compete internationally, says steel company.

Deeply concerned over steel price rise due to Covid-19: EEPC India

A recent sharp rise in steel prices has a "crippling impact" on the country's engineering exports which are facing the most challenging global markets in the face of another wave of Covid-19

Multiple triggers to drive NMDC re-rating, firm to consider share buyback

While recent hikes have pushed iron ore prices to 24-month highs, analysts also expect sustained improvement in operating performance

Steel makers raise prices by Rs 1,200 per tonne on demand uptick

Prices are now closer to peak levels of 2018

Top headlines: Maruti Q2 profit up 2%, SP Group claims stake in Tata firms

India's front line health workers will be the first to be inoculated once an effective vaccine is available. More headlines in our evening roundup.

Tata Steel: Rising demand, steel prices and integrated ops bode well

During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels

Steel costlier than Covid level after firms hike prices by Rs 2,000 a tonne

The increase was on the back of a pick-up in domestic demand in rural and non-infra spaces

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage