Page 7 - Steel Producers

JSW Steel offers preferential pricing to small businesses, assures supply

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

Swedish steelmaker SSAB looking at merger of Tata Steel Europe business

Steel producers in Europe are under pressure to consolidate, having been battered by weaker demand and global overcapacity

Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur

Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

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

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 ...

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

JSPL posts 21% growth in production and a 38% jump in sales in August

Private sector steel maker JSPL on Thursday posted a 21% rise in its consolidated production and a 38% growth in its sales for August 2020

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

JSW's common hub for steel and cement to clock in Rs 2,300 crore this year

Firm says the hub will be the largest of its kind in Asia, with a current stocking capacity across both products of about 2 mn tonnes a year

Bullish on India, Posco may have another go at setting up greenfield unit

Joint working group with Posco and RINL representatives will be formed to implement investment on land owned by Rashtriya Ispat Nigam Ltd (RINL) at Vizag

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Tata Steel reports Rs 4,648 cr net loss in Q1 due to reduced income

The company had posted a consolidated net profit of Rs 714.03 crore during the same period a year ago, Tata Steel said in a BSE filing

Covid-19 pandemic speeds up JSW Steel's US business revamp plan

JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint

DGTR recommends CVD on certain steel product imports from Indonesia

The Commerce Ministry has recommended imposition of provisional countervailing duty (CVD) on certain steel products from Indonesia to guard domestic manufacturers from subsidised imports.

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

JSPL reports 29% rise in July standalone steel sales, says demand up

JSPL's export sales contributed 39 per cent of total standalone sales in July 2020.

Steel firms hike prices by Rs 2,000 a tonne in 10 days on demand spike

Key players say market has bottomed out, hike also driven by higher iron ore, scrap costs

NMDC Nagarnar steel plant faces delays in commissioning due to Covid-19

It is an ambitious project of the country's largest iron ore miner as it would mark NMDC's foray into the growing domestic steel sector.

Moody's Investors Service revises outlook on JSW Steel to negative

Move reflects deterioration in credit profile due to challenges brought by the pandemic