Page 3 - Steel Producers

Near-term margin pressures for JSPL on likely tapering of steel prices

Captive coal availability and zero-debt target by the end of the year are positives

Export levy impact: Tata Steel deliveries drop 2% YoY despite higher output

Tata Steel said domestic despatches were up 5% YoY, leveraging a strong marketing network and an agile business model

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Expect govt to withdraw duties on steel when inflation eases: Sajjan Jindal

Terming duties imposed on steel products a "short-term headwind", JSW Group CMD Sajjan Jindal said he is hopeful of the government withdrawing the levies once inflation moderates. The duties were imposed last month with the objective of controlling inflation, the industrialist said. Jindal's statement comes days after he along with other top industry leaders met Finance Minister Nirmala Sitharaman in her office. In a tweet on June 16, office of the Finance Minister, without sharing the details of the meeting had said, "Delegation of Indian Steel Association @steel_indian, including Shri @MPNaveenJindal - Chairman JSPL, Shri @sajjanjindal - Chairman JSW, Smt Soma Mondal - Chairman @SAILsteel & other senior members of the industry, calls on Smt @nsitharaman." "We view the export duties imposed on steel in May 2022 as a short-term headwind, since they have been imposed with the objective of controlling inflation. We continue to engage with the government on this matter and believe ...

We'll stay the course in our strong expansion of Tata Steel: Chandrasekaran

Tells investors at AGM that Indian steel industry is globally competitive and companies should be able to expand capacity in value-added products for both, Make in India and Make for The World

Steel industry: From sprint to jog as export duty hike plays speed breaker

Now, beginning June, steel mills are expected to announce a cut for monthly contracts

JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

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

Top Headlines: Oyo rejigs top brass; immediate fuel price hike unlikely

IPO-bound Oyo on Thursday announced a major rejig in top management and appointed a new CEO of its India business

European Union hikes tariffs on India, Indonesia stainless steel makers

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from unfair subsidies and imposed tariffs

ArcelorMittal posts three-fold jump in Q4 net income at $4,045 million

The company had posted a net income of USD 1,207 million in the year-ago period

Jindal Steel and Power posts 20% steel sales growth in January 2022

Jindal Steel and Power on Wednesday reported "meaningful recovery" in steel sales, despite low railway rake availability

Tata Steel's output grows 2% to 7.68 MT in Dec quarter; sales fall 3%

India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT

JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24

JSW Steel is the flagship business of the diversified USD 13-billion JSW Group, which has a presence in sectors such as energy, infrastructure, cement, paints, sports and venture capital

Tata Steel UK plant helps build world's largest offshore wind farm

Tata Steel said hundreds of tonnes of its products, able to endure the harsh North Sea conditions, will be used for the giant wind farm project located 130 km off the north-east coast of England

JSPL to bid 'aggressively' for debt-laden steel maker NINL next week: MD

December 23 is the scheduled date for bidding for Neelachal Ispat Nigam Ltd (NINL)

Coal diversion to power firms leaving non-power ones fuel-starved: ICPPA

Any power outage in aluminium plants will lead to catastrophic impact and complete shutdown

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

Steel Minister directs PSUs to make non-operational mines functional

The minister made the remarks at a meeting with CMDs of Steel Authority of India Limited (SAIL), NMDC and Manganese Ore India Limited (MOIL)

China iron ore futures surge on hopes of resuming steel production

Spot prices of iron ore with 62% iron content for delivery to China rose $4 to $95.5 a tonne on Monday