Page 10 - Steel

For steel, March quarter good, next even better

Realisations, volumes, and profits will improve in March quarter; next quarter may be stronger

4 reasons why Credit Suisse sees the tide turning for Indian steel sector

Markets, too, seem to have taken a note of the changing dynamics in the metals sector, with the Nifty Metal index outperforming the markets with a rise of 24% in the past two months

Hiking steel prices not enough for SAIL's turnaround: Report

Fall in steel prices since Jan'15 led to EBITDA losses for SAIL during the period & consequent worsening of its credit metrics

US lashes out at China for global steel market crisis

The US steel industry is in a crisis driven in large part by global excess capacity

Steel firms seek more duties on import

They also asked the government to also impose anti-dumping duty and countervailing duty on selected products

India sets new steel quality standards; auto-grade imports exempt for 6 months

Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea

Steel imports have come down by 1/4th against FY15: Steel Ministry

Global downturn led to countries including China dumping cheap steel in India, which has impacted the sales and profits of the companies

Steel consumption drops in Feb, first time in 3 months

Steel consumption fell 15.5% to almost 6 mt from the preceding month in Nov, but rose 11.2% from a year earlier

Govt. starts probe into circumvention of duty on steel items

It is alleged that the existing anti-dumping measures imposed in 2010, and amended later, are being circumvented and evidence for the same exists to justify the initiative of an investigation

Galvanisation of rail tracks will ensure longer life, safety

Corrosion of old cars, collapsing structures and rail tracks causes losses of around 4% of GDP