Page 9 - Steel Producers

Covid-19: Challenging times ahead for domestic steel industry, says Icra

Weak domestic demand is likely to lead to inventory pile up, exerting pressure on steel prices, agency says

Coronavirus outbreak: Uncertainty looms large over steel's April price hike

The steel sector has been gradually recovering from lows since November

GFG Alliance enters Indian market, acquires Adhunik Metaliks and Zion Steel

Adhunik is an integrated steel plant located at Chadrihariharpur near Rourkela in Odisha with steel making capability using the blast furnace and electric arc furnace

Domestic steel players raise prices amid absence of green shoots

Next two-three months to test if domestic steel price hikes are sustainable

JSW Steel bags Ganua iron ore mine, takes Odisha count to three

It already owns six iron ore mines in Karnataka, with a combined capacity of eight mn tonnes a year

Steel industry seeks duty cut on key raw materials in upcoming Budget

The basic customs import duty on anthracite coal is 2.5 per cent

Budget wishlist: Steel industry expects relief from taxes, logistic costs

Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Steel producers raise prices by Rs 1,000-1,500 a tonne as demand perks up

India's iron ore imports tumbled 90 per cent year-on-year during April-October, after a sharp escalation of 172 per cent in the comparable period last year, said CARE Ratings in its report

As Steel firms bid 2019 goodbye, they hope for better pricing in 2020

Analysts see commodity prices looking up and say looking forward to a pick-up in consumption

Growing Chinese demand, rising global prices to help domestic steel players

Rising Chinese demand, expected supply cuts in winter and global prices rising to above anti-dumping duty levels bode well for domestic companies

Steel makers hopeful of 300 million tonne production target by 2030

Steel makers on Thursday expressed hope that the sector will achieve the target of 300 million tonne production by 2030, if certain impediments on raw materials, finance and logistics are addressed. "I am confident that India will achieve the aim by 2030. Domestic demand will grow... India will become exporters of steel," Steel Authority of India's Bhilai plant CEO Anirban Dasgupta said. He was speaking at a steel seminar on 'Roadmap for 300 Million Tonne Vision 2020' here. Shyam Steel Director Manish Beriwala, not undermining the potential of the steel sector, highlighted concerns about capital costs that is the "highest in India", and the need for funds at competitive rates. The country requires about Rs 13 lakh crore and 600 million tonne of raw material to meet the target, said Harvinder Singh, president and SBU head - Sales & Marketing, Jindal Steel & Power Ltd. Beriwala said the government should focus on inland waterways, as well as the National Mineral ...

How scrap recycling has opened a door for steel makers to meet high demand

Tata Steel is making an entry into scrap recycling business to give a push to formalising the steel scrap generation industry for the benefit of secondary sector

Why the world needs to cut back on production capacity of steel plants

China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India

Decline in steel prices, surge in orders, bring happy times for pipe makers

Lower steel prices have helped improve margins while govt's focus on infra development for water, oil and gas has brought a surge in orders for the manufacturers

Despite correction in input prices, experts remain cautious on steel stocks

Weak realisations, rising imports as well as inventories to weigh on earnings of steel makers

Indian Railways plans separate pricing mechanism for steel rails

Indian Railways had in 2018-19 procured 100,000 tonnes of rails from Jindal Steel & Power (JSPL), the first from the private sector in at least three decades

Govt's online system to monitor steel imports amid criticism from industry

The Steel Import Monitoring System (SIMS) will provide advance information about steel imports to both the government and stake holders

Domestic steel inventory at alarmingly high level of 35 days: INSDAG chief

Normal stock position is 21 days; industry officials see steel prices close to bottom even as global scenario remain grim

Steel demand is expected to pick up in H2, says Tata Steel's T V Narendran

The steel sector has been facing demand worries with a slowdown in almost every user industry