Page 5 - Steel Sector

Tata Steel to continue separation of Dutch and British operations

This comes despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill

JSW Steel's net profit jumps manifold to Rs 2,669 cr in Dec quarter

JSW Steel reported a manifold jump in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter

Domestic steel demand expected to contract by 9-11% in FY21: CRISIL

The Nationwide lockdown in April-May impacted manufacturing, hurting consumption of the alloy

Govt exhorts domestic steel makers to become more competitive globally

The government has exhorted domestic steel makers to become more competitive locally as also in export markets

Engineering exporters seek govt intervention to stem steel prices

Engineering exporters' body EEPC India on Monday sought urgent government intervention to stem the runaway rise in steel prices

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

We're now at pre-Covid levels on volumes and prices: Tata Steel's Narendran

In a Q&A, the firm's MD & CEO says there is a pick-up in consumption acroess sectors and keeping up with market requirements is a struggle

Domestic steel demand seen down by 10-12% in FY21: Brickwork Ratings

In Q1FY21, finished steel production crashed by 49% and consumption by 53% compared with Q1FY20 levels

Deeply concerned over steel price rise due to Covid-19: EEPC India

A recent sharp rise in steel prices has a "crippling impact" on the country's engineering exports which are facing the most challenging global markets in the face of another wave of Covid-19

Due diligence for Tata Steel Netherlands biz to complete by December end

The country's oldest steel producer is currently in talks with SSAB Sweden for the sale of its Dutch operations, as it seeks to make a full exit

Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%

Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India

SAIL reports over Rs 1,226 cr net loss in Q1 due to reduced income

The company had posted Rs 102.68 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

Steel firms set to raise prices from Sept on higher costs, global prices

JSW Steel said on Thursday that it had started the roll-out of JSW Radiance, a steel colour-coated product range in high-gloss feature with multiple variants

Corporate contraction

Recovery depends on how quickly the pandemic is contained

Covid-19 casts a new light on steel as rural India provides some succour

With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products

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

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

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

JSPL-Oman steel asset sale completion key for benefits of debt reduction

Deal valuation is good, but analysts watchful