Page 3 - Steel Sector

JSPL reports consolidated net profit of Rs 2,584 crore for Sept quarter

Net sales of the company in the period under review stood at Rs 13,611 crore, up 67 per cent

Jindal Steel and Power posts nearly 3-fold jump in Q2 profit to Rs 2,584 cr

Its net profit was Rs 897 crore in the year-ago period, Jindal Steel and Power Limited (JSPL) said in a regulatory filing

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

World Steel Association elects JSW Steel's Sajjan Jindal as Chairman

The World Steel Association on Wednesday said that it has elected JSW Steel Chairman and Managing Director Sajjan Jindal as its Chairmanfor the 2021-22 period

Sanjeev Gupta's Liberty Steel UK gets cash injection in restructured plan

Sanjeev Gupta's Liberty Steel UK gets cash injection in restructured plan

Tata Steel's output grows 7% in July-September period

The company's consolidated steel production was 7.25 MT in the same period last year, Tata Steel said in a statement.

JSW Steel raises $1 billion via bonds issuance in overseas market

The company says it is the first in the steel sector globally to issue an SLB in a hard currency

JSW Steel raises $1 bn through bonds issuance in overseas market

JSW Steel on Thursday said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market.

Top headlines: SC refuses to defer NEET exam; NMDC reduces prices

Business Standard brings you the top stories this evening

Govt appoints Atul Bhatt as CMD of Rashtriya Ispat Nigam Ltd

Atul Bhatt has been appointed as chairman and managing director (CMD) of disinvestment-owned steel company Rashtriya Ispat Nigam Ltd (RINL), according to an official notification.

Steel sector outlook revised to positive on continued earnings uptick: Icra

Given the strong earnings growth and capex curtailments following the pandemic-related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021

Favourable commodity cycle should keep Tata Steel stock in demand

Most analysts remain bullish on the stock

SAIL returns to black; posts Rs 3,897-cr net profit for June quarter

Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter.

Dependence on imports in the steel sector is worrisome: R C P Singh

Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'

Union Cabinet approves Rs 6,322 crore PLI scheme for speciality steel

Move likely to attract investment of Rs 40,000 crore, capacity addition of 25 mn tonnes; create over 500,000 jobs

Steel minister Ram Chandra Singh reviews performance of RINL, 3 other PSUs

Union Steel Minister Ram Chandra Prasad Singh on Tuesday reviewed the performance of state-owned RINL, MSTC, KIOCL and MOIL, according to a release.

Steel stocks in focus; SAIL, Tata Steel, JSL gain up to 5%

Higher export orders and lower raw material prices are likely to support the profitability margins of players during FY22

Tata Steel June quarter crude steel output jumps over 43%; sales up 35%

Consolidated crude steel output was at 7.94 million tonne (MT) during the quarter

Vaccination and stimulus will make 9-9.5% growth possible: CII president

Ideal way is convincing people but vaccination is also a social responsibility; Countries need to balance corporate tax rate, says industry body's new President and MD-CEO of Tata Steel

SAIL to 'dissolve' RMD headquarters in Kolkata, job losses feared

Steel Authority of India is set to "dissolve" its raw material division headquarters in Kolkata, a decision that would deal a blow to contractual employees associated with the unit