Page 8 - Steel Sector
Another strong quarter ahead for steel firms: Tata, JSW to perform better
India Ratings and Research recently revised its outlook on the domestic steel sector to 'stable' for FY19 from 'negative' in FY18
 "Another strong quarter ahead for steel firms: Tata, JSW to perform better")
Steel stocks gain; Tata Steel, JSW Steel up over 3%
Tata Steel, JSW Steel, JSPL and SAIL were trading higher in the range of 2% to 4% on BSE.
 "Steel stocks gain; Tata Steel, JSW Steel up over 3%")
India Ratings retains negative outlook for steel sector in FY18
The capacity utilisation is also expected to remain low at around 75 per cent in FY18
Will the new steel policy benefit manufacturers?
Steel player's prospects remain strong helped by firm realisations and lower imports
 "Will the new steel policy benefit manufacturers?")
New policy to help, but core sector must use more steel
The policy is the second initiative by the Centre to revive the steel industry
 "New policy to help, but core sector must use more steel")
Top six companies drive steel output growth
Biggers players overcame muted demand through increasing exports, say experts
 "Top six companies drive steel output growth")
India's steel import falls 36 per cent to 7.4 MT in 2016-17
The country recorded a crude steel output of 89.7 MT in 2015-16
 "India's steel import falls 36 per cent to 7.4 MT in 2016-17")
India set to become second largest steel producer
Output will rise from 103 million tonnes (mt) this year to 110 mt in 2018
Rising risks on export front may dent fortunes of steel players
With domestic growth tepid, analysts sceptical about sustainability of price hikes
 "Rising risks on export front may dent fortunes of steel players")
Brownfield growth key to Indian steel target of 300 mt
JSW has set a target of achieving the capacity of 40 mt by 2025
 "Brownfield growth key to Indian steel target of 300 mt")
Steel exports surge 150% y-o-y in Feb, overtake imports
Shipments of the alloy surged 77% in eleven months to February 2017
 "Steel exports surge 150% y-o-y in Feb, overtake imports")
Centre to mandate local steel use for infra projects
Wants to triple local production over next decade; move to boost sales of domestic companies
India mulls local steel requirement for $59 billion infrastructure spend
Japan has already threatened to take India to the WTO over some recent steel restrictions
 "India mulls local steel requirement for $59 billion infrastructure spend")
Despite slowdown, steel firms put up stellar performance
Lower domestic demand a major roadblock; exports provide relief
 "Despite slowdown, steel firms put up stellar performance")
