Page 2 - Steel Production

JSW Steel reports 15% rise in crude steel production for the month of Jan

JSW Steel on Friday reported 15 per cent rise in crude steel production at 16.46 lakh tonne for the month of January. The company's crude steel production was at 14.32 lakh tonne (LT) in January 2021, JSW Steel said in a filing to BSE. "JSW Steel reported the crude steel production for the month of January 2022 at 16.46 lakh tonne, that grew by 15 per cent Y-o-Y on standalone basis," the filing said. The production of its flat-rolled products increased by 23 per cent to 12.47 LT over 10.14 LT in January 2021. Its output of long-rolled products registered a growth of 4 per cent to 3.74 LT, as against 3.59 LT in January 2021. The expansion project at Dolvi works, which commenced commercial operations in November last year is gradually ramping up capacity utilisation. JSW Steel is the flagship business of the diversified USD 13 billion JSW Group. As one of country's leading business houses, JSW Group also has other business interests in sectors such as energy, infrastructure, ceme

Government notifies PLI scheme guidelines for specialty steel

The government on Friday said it has notified guidelines for the recently announced Production Linked Incentive (PLI) scheme for specialty steel. On July 22, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the Rs 6,322-crore PLI scheme to boost production of specialty steel in India, attract additional investment of about Rs 40,000 crore and generate fresh 5.25 lakh job opportunities. In a statement, the Ministry of Steel said that "guidelines for an effective operation and smooth implementation of PLI Scheme have been notified on October 20, 2021 on the website of the ministry. Guidelines offer clarity on operational aspects of the scheme such as the application, eligibility, disbursement of incentive and so on". The five categories of specialty steel which have been included in the PLI scheme are coated/plated steel products, high strength/wear resistant steel, specialty rails, alloy steel products, steel wires and electrical steel, the ministry ...

Steel production needs to be decarbonised, says new worldsteel chief

Newly elected worldsteel Chairman Sajjan Jindal on Wednesday called for a joint effort of the industry to "build cleaner future" by working towards decarbonising steel production.

SAIL to double capacity to 50 mn tonnes by 2030, starts land bank study

The last phase of expansion by SAIL entailed raising capacity from 12.8 mt to 21.4 mt. But the plan, conceived in 2006-2007, was delayed due to the 2008 global financial crisis

Steel production impacted in Apr-Jun qtr due to second Covid wave: Minister

The country's steel output took a hit during the April-June period of 2021 due to the emergence of the second wave of Covid-19 pandemic, Parliament was informed on Monday.

Tata Steel April-June crude steel output up 55% YoY to 4.62 million tonnes

Production falls sequentially as company diverts industrial oxygen for medical use

JSPL steel production jumps 31% to 13.7 lakh tonnes during April and May

Jindal Steel and Power Ltd (JSPL) has reported 31 per cent year-on-year jump in its steel production to 13.71 lakh tonnes during April and May

O2 unavailability deepens steel output fall as secondary players shut mills

RP Steel and Arora Steel secondary speciality steel players impacted by the unavailability of oxygen

Tata Steel bulks up for growth without compromising its deleveraging target

The upturn in the steel cycle has allowed it to reconsider overseas asset sales and plan domestic expansion and acquisitions

Covid-19 pushed steel exports to record high in FY21: SteelMint data

Finished steel exports in FY21 stood at 11.65 mn tonnes and semi-finished at 7.25 mn tonnes, up 31% and 153%, respectively, over previous year

Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too

The last time steel price rose was in Jan when it touched an all-time high. But it came off those highs as China moved into the new year holiday season on pressure from end users in domestic market

Tata Steel production remains almost flat at 7.4 mt in Jan-Mar quarter

Domestic steel giant Tata Steel on Tuesday said its consolidated steel production remained almost flat at 7.4 million tonnes (MT) in the quarter ended March 31, 2021.

India's steel output reports marginal fall to over 19 MT in Jan-Feb 2021

India's crude steel output fell by 1 per cent to 19.1 million tonnes (MT) during the first two months of 2021, according to worldsteel

AM/NS India inks pact with Odisha govt for Rs 50,000-crore steel plant

The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations

Top four steel players' production rises 6 pc to about 15 MT in Oct-Dec

The country's top four steel makers jointly produced 14.95 million tonne (MT) steel in the October-December quarter of the current fiscal, registering a 6 per cent year-on-year rise

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies

Economic recovery fizzling out? Core sector output shrinks 2.6% in November

Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

Lakshmi Mittal's journey a year after he came home to buy Essar Steel

It has been a mixed bag for the firm he renamed AMNS India, and while the pain of the downturn and the pandemic has subsided, other issues remain