Page 6 - Steel Producers

Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha

Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs

Ind-Ra revises fiscal year 2022 steel sector outlook to stable

The agency revised its outlook on the domestic steel sector from negative to stable for the fiscal year beginning April 1, 2021

Posco's steel plant in India faces disruption, hampers auto supply chain

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill"

Posco's steel plant in India faces disruption, hampers auto supply chain

A local politician leading the protests said they have blocked employees and goods from entering the plant and will continue until Posco heeds to some of their requests

As Greensill's top client, Sanjeev Gupta sees cash source evaporate

Gupta's travails highlight how Greensill's fall from grace could affect the real world

Mega steel plant in Odisha to bring wave of economic development: Pradhan

Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring jobs

Need to increase logistics arrangement for steel sector: ISA

There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, ISA said

Strong demand, low inventory to support domestic steel prices: Report

Strong domestic demand along with low finished inventory are expected to support domestic steel prices, Motilal Oswal Financial Services said in a report.

ArcelorMittal reports $1.21 billion net income in Oct-Dec 2020

Global steel giant ArcelorMittal on Thursday posted $1.21 billion net income for the quarter ended December 31, 2020

JSW crude steel output increases 2% to 14.32 LT in January

Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January

Govt reduces customs duty on certain steel items to provide relief to MSMEs

The government looks to provide relief to MSMEs which have been hit hard by high cost of raw materials

India's secondary steel producers, trade see decline as China price falls

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

Govt exhorts domestic steel makers to become more competitive globally

The government has exhorted domestic steel makers to become more competitive locally as also in export markets

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

Rourkela Steel Plant sets records in production, dispatch despite Covid

Rourkela Steel Plant, a unit of the state-run SAIL, said it has set records monthly hot metal production of 4,06,397 tonnes and crude steel output of 3,62,388 tonnes in December

Steel producers, buyers, material suppliers fight over price hike

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

Steelmakers write to PMO defending price hike, demand iron ore export ban

A steel producers' body has written to PM Modi, explaining that the metal price hike was due to surging raw material costs

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

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