Page 5 - Steel

BSE ties up with Steel Users Federation of India for steel futures

This will bring in stability, avert risks and facilitate a level-playing field to one and all players, the bourse said in a release

India may remain net importer of steel for second consecutive year

A string of safeguard measures imposed on imported steel products by the EU, in the aftermath of the US import levies and escalating trade tensions, is believed to have dented Indian exports to the EU

Production of finished steel to decelerate to 3-4% in current fiscal

The gloomy outlook on finished steel output comes after five years of consecutive firm growth between FY15 and FY19

Steel pipe makers to gain as city gas distribution licenses favour welders

A Crisil report says CGD orders will need at least 10,000-15,000 km a year of pipes through fiscal 2029, entailing an opportunity of over Rs 5,000 cr a year over 10 years

Receding concerns to bring back spotlight on Indian steel players

With firm demand and better realisations outlook, analysts remain positive on the earnings potential of Indian steelmakers

Steel looks East for growth after global demand slumps; India gives it hope

Global demand remains tumultuous in the wake of US-China trade war and slowing car sales

India steel demand likely to exceed 7% in 2019, 2020: Global steel body

The WSA in its report said it forecasts that global steel demand may reach 1,735 million tonne (MT) in 2019, a rise of 1.3 per cent over 2018

Steel prices up Rs 1,700 per tonne, another Rs 2,000 hike on the cards

Moody's expects India's steel consumption to grow at 5.5-6% annually over the next one-two years

Steel industry's capital expenditure to rise to Rs 75,000 cr, says study

Capacity upgrade and freeing up of stress assets to drive investments, says ratings agency Icra

How China is dodging duty wall to continue dumping stainless steel in India

The country is routing its exports via Indonesia, where its firms have already installed 3 mn tonnes of capacity, which is twice the South-East nation's annual consumption

SAIL, RINL spent over Rs 1,000 cr on R&D in last 3 financial year: Minister

Steel PSUs Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd have spent a total of Rs 1,017.25 crore on research and development (R&D) activity in last three financial years, Parliament was informed Monday. R&D is an ongoing activity and steel companies in both private and public sectors are conducting research in iron and steel sector, Minister of Steel Chaudhary Birender Singh said in a written reply to Lok Sabha. Providing the details of steel PSUs, he said the R&D expenditure of Steel Authority of India Ltd (SAIL) between financial year 2015-16 to fiscal 2017-18 stood at Rs 951.93 crore. Giving further details he said, the R&D expenditure of SAIL for 2015-16 was at Rs 277 crore, for 2016-17 (Rs 339.43 crore) and 2017-18 (Rs 335.50 crore). Rashtriya Ispat Nigam Ltd (RINL) spent Rs 65.32 crore on R&D activity during the said period, the minister said adding Rs 21.74 crore was spent in 2015-16, Rs 23.52 crore in 2016-17 and Rs 20.06 crore in 2017-18. The .

Steel firms may drop prices of flat products by up to Rs 1,500 a tonne

Demand factor in India hasn't changed but it's the global phenomenon taking its toll on India

India to hit steel capacity target ahead of time; infra bottlenecks persist

India is well on course to be a 300-mt steel capacity country, next only to China, in another 12 years

Refractories, sponge iron, re-roller SMEs to piggyback steel demand: CRISIL

Momentum in the infrastructure sector is expected to take this number up even further in the near-term, benefiting SMEs

India's crude steel output grows 2%, China's 7.5% in Sept: Worldsteel

The US produced 7.3 MT of crude steel in September 2018, an increase of 9 per cent compared to the same month last year

India set to replace US as the second-largest steel-consuming country

The steel consumption in the US is projected at 101.2 million tonnes next year, up from an estimated 99.9 million tonnes this year

Karnataka's small, medium miners plan to float pellets and steel company

While welcoming the miners' decision, the Federation of Indian Mineral Industries (FIMI) South said that this value addition will be good for the industry

Steel import fears divide domestic industry; JSW sees need for protection

Tata rules out chances of dumping of steel

Steel output in June quarter grows 4.3% to 24.73 mt

Last month, the production rose 3.24% at 8.29 mt against 8.03 mt in June 2016

Raw material security, R&D thrust areas for steel industry: Steel Minister

To enhance steel consumption, the Ministry to focus on construction and manufacturing sectors