Page 4 - Steel

Steel firms expect pick-up in domestic demand from July, led by auto sector

Housing sector demand yet to get back with construction activity being impacted by lockdowns and migration of workers

Large steel mills grow larger on improved supply-chain efficiencies: Crisil

Market share gain, deleveraging makes room for capex revival

Swraj Paul's Bull Moose Tube Co to build 350,000-tonne pipe mill in the US

The mill will be set up at an investment of $200-250 million

Possible gas leak caused death of 4 workers at Rourkela Steel plant

The deaths of the four workers in the "suspected gas leakage" incident at the coal chemical unit of Odisha's Rourkela Steel Plant in Odisha was possibly due to exposure to a pocket of toxic gas

SAIL turnaround most challenging phase in 36-yr career: Outgoing chairman

The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing Chairman of the country's largest steel maker

Maruti to increase car prices from Jan as raw material gets costlier

Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year

Domestic steel industry seeing demand recovery with easing of curbs: Icra

Performance of mills, especially blast furnace players, is expected to make healthy rebound in Q2, supported by rising capacity utilisation, successive steel prices hikes and low input costs

JSW Steel output grows 5% in August to 1.31 million tonnes

JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 1.3 million for August 2020

JSPL consolidated steel sales up by 38% in August at 836,000 tonnes

With 836,000 tonnes sales during August against 606,000 tonnes in the corresponding period of the previous year

Chhattisgarh CM urges PM to reconsider Nagarnar steel plant privatisation

Chhattisgarh Chief Minister Bhupesh Baghel has written to Prime Minister Narendra Modi, urging him to revisit decision on privatisation of NMDC's under-construction steel plant in Nagarnar, Bastar

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

JSPL beats the trend, reports 12% rise in Q1 Steel Sales amid Covid-19

Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic.

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

Coronavirus: Oil holds steady even as outbreak continues to have impact

This comes a week after oil rose for the first time since early January on hopes that Chinese measures would lead to improving demand

How the coronavirus outbreak could kill steel's fragile recovery

Manufacturers globally are staring at slowdown as China halts construction activity

Metal companies may trim capex further to avert cash-flow mismatch

Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore

India exported 6.39 MT steel in 2018-19, down 34% from last year

Minister of Steel Dharmendra Pradhan said that in the next two-three years, India will be in a position to continue to remain the net exporter of steel for years

What made ArcelorMittal withdraw from buying Italy's steel firm Ilva

Here is an explanation of what has gone wrong and why the issue is so important for Italy

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19