Page 8 - Steel Producers

Covid-19, legal tangles throw spanner in JSW bid to regain pole position

Steel company remains third in capacity pecking order due to Dolvi expansion delay, stalled Bhushan Power acquisition.

Fresh capital outlay of Rs 20k-cr for infra at AMNS's Gujarat steel plant

ArcelorMittal chairman L N Mittal shares steel plant progress with Gujarat chief minister Vijay Rupani

Government assures measures to reduce logistics cost for steel players

The government on Wednesday assured steel makers that it will take appropriate measures to reduce the logistics cost of products that currently reaches as high as 28 per cent.

We were some weeks ahead in tackling Covid in India: Tata Steel's Narendran

In telephonic Q&A, the MD & CEO of India's oldest steel producer, dwells on how his firm kept domestic operations ready for the pandemic, taking cues from Europe much before lockdown got announced

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Despite encouraging signs, steel makers not out of the woods yet

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation

We have higher acquisition targets in India: Sanjeev Gupta of Liberty House

In a Q&A, the executive chairman of the group dwells on the initial frustrations while entering India, and the road ahead

India may impose anti-dumping duty on steel products from EU, Japan, US

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

Steelmakers ready to fill void left by Chinese firms: JSL's Abhyuday Jindal

The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal

Covid-19 crisis: Test for steel industry as domestic demand shrinks

Shrinking domestic demand offers the industry the chance to become globally competitive

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

Steel demand to nosedive 60-65% in Q1, recovery unlikely before Q3

Companies to either delay or shelve Capex plans

India's steel demand likely to fall by 18% in 2020, Worldsteel report

Although the downturn is led by consumer and service sectors, massive dislocations in spending, labour markets, and confidence are fuelling declines in steel-using sectors, the global body said

Tata Steel workers at Dutch plant vote to strike over unplanned job cuts

Workers at the Dutch subsidiary have been unhappy since the sudden departure last month of their CEO, Theo Henrar

JSPL's all-round show in Q4 leaves investors happy, analysts maintain 'buy'

Operational performance, volume growth guidance bode well

JSPL's all-round show in Q4 leaves investors happy, analysts maintain 'buy'

Operational performance is expected to remain good, and volume growth guidance too bodes well

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao

Ensuring return of labour as important as sending them back home, says Seshagiri Rao

GAIL steel pipe tenders worth Rs 1,000 cr in process under going-local plan

Pradhan reviews Rs 8,000 cr worth projects to align with PM Modi's Aatmanirbhar Bharat plan

Covid-19 impact: Retail demand for cement, steel goes missing amid lockdown

While companies are unable to move material, dealers continue to suffer due to absence of any business

Post-Covid war chest: Tata Steel plans to raise up to Rs 10,000 crore

Bleak demand outlook in the domestic as well as global market is another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters