Page 7 - Steel

Govt faces uphill task for 300 mt steel output target

The draft National Steel Policy has set a target of 300 million tonnes capacity by 2030 which would require an additional land requirement of 91,000 acres.The policy - put up on the ministry website for public views - acknowledges that the land requirement is based on greenfield expansion. The draft mentions that the growth plans of the Indian steel industry have been hindered by difficulties in land acquisition and many projects are stuck due to policy and procedural issues. To achieve the target, therefore, the ministry plans to coordinate with respective state governments to ensure timely availability of litigation-free lands to the industries.Sanak Mishra, Secretary General, Indian Steel Association, said that about half the capacity of the additional 178 million tonnes would be through greenfield expansion and the thumb rule for land requirement is 1,000 acres for one million tonne of steel capacity. Hence, the 91,000 acres for the additional capacity.The current installed ...

India will be 2nd largest steel producer over 12-18 mths: S&P Global Platts

Capacity addition in anticipation of increase in demand to place India after China

Steel exports shoot up 150% in February, imports decline 46%

The overall crude steel production in February 2017 saw an increase of 8.5% at 8.08 mt

Tata Steel starts production at ferro-chrome plant in Odisha

The Rs 542 crore plant, located at Gopalpur, has an installed capacity of 55,000 tonne per annum

India's steel exports register three-fold increase in January

Exports in January, 2017 (0.889 mt) was up 224 per cent over January 2016

Steel firms lower prices as demand stagnates

In 2015-16, the consumption of Indian steel stood at 81.5 million tonnes, which was up by 4.8%

Steel stocks gain; Jindal Steel & Power hits 52-week high

JSPL, Tata Steel, Jindal Saw, Bhushan Steel, Maharashtra Seamless and SAIL were up 2% to 10% in intra-day trade.

Steel rebound hope fading as China's property market slows

Home prices have shown signs of slowing following Beijing's orders to tighten the market

Minimum import price on steel short-term step: Govt

A total of 124 steel products have been covered by provisional anti-dumping duties, final order due

Increase the import duty on stainless steel flat products: K K Pahuja

Make domestic stainless steel industry competitive by decreasing import duties on raw materials

End of MIP may hit import-dominated steel sector

Steel companies imported 6 mn tonnes of coking coal in April and May, according to official data

Analysts cautious as steel stocks rise

Chinese capacity cut is unlikely to help, though a continuing trend of declining coal prices could add to profitability

Steel sector faces December chill on costly coal

Benefit of higher realisation to get nullified as coking coal prices shoot

Steel sector revival likely after April

Spot prices of premium hard coking coal have come off a high of $310 in Nov to $222 a tonne

China's Hebei to cut 31.86 million tonnes of steel & iron capacity in 2017

Hebei had earlier cut 14.62 million tonnes of steel capacity by the end of October 2016

Domestic steel production rises as sales pick up

Sail, Essar Steel witness production growth of 15% and 61%, respectively, in FY17

India may turn net steel exporter

During April-November, exports increased 53% over the same period last year to 4.24 million tonnes

Steel units want lifting of embargo on day movement of iron ore

State govt has already notified a uniform freight policy for mineral transport, fixing a ceiling on maximum permissible transportation charges

Implementation of stainless steel quality control order extended by 2 months

Extension was necessitated as licensing process by BIS is taking longer time

Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn

Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries