Page 9 - Steel
Jindal India selects CMI FPE for supply of two processing lines
The Indian arm of Belgian firm will supply continuous galvanising and colour coating lines which will be installed at Jindal India's Kolkata site by mid-2017
 "Jindal India selects CMI FPE for supply of two processing lines")
India slaps anti-dumping duty on steel products from 6 nations
The duty would be in force for six months till February 7, 2017
 "India slaps anti-dumping duty on steel products from 6 nations")
Despite protection, steel firms get little room to raise prices
On Thursday, the government announced an extension of minimum import price (MIP) on 66 steel products at the same rate for the next two months
 "Despite protection, steel firms get little room to raise prices")
Belgium's CMI to supply annealing line for JSW Steel's tinplate production plant
The new line, which will be built at JSW's Tarapur facility, will produce 208,000 tpa of steel substrate for tinplate, which will then be electroplated and used as packaging material
 "Belgium's CMI to supply annealing line for JSW Steel's tinplate production plant")
Rama Steel Tubes increases capacity of Khopoli plant by 36,000 MT
The company also plans to install a third production line of additional 60,000 MT capacity by Q1FY18, taking the total capacity to 132,000 MT
 "Rama Steel Tubes increases capacity of Khopoli plant by 36,000 MT")
Steel industry, Commerce Ministry at loggerheads over MIP renewal
The government is likely to extend the MIP imposed on 173 steel items, ranging from $341 to $752 per tonne, on February 5
Global steel prices to soften during Jul-Dec: BMI Research
It expects prices for the metal to trade in the range of $450-520 per tonne during the second half of 2016
Steel companies may undo overseas acquisitions
Domestic market offers better scope
 "Steel companies may undo overseas acquisitions")
Tough for India to be steel making colossus: Chinese daily
The daily said it seemed India was seeking to boost its domestic steel industry with some help from trade protectionism
Global steel output dips marginally to 139 million tonnes in May
Utilisation ratio of 66 countries in May 2016 was 71.3%, which is 1% point lower than May 2015
Tight movements in steel price in thin trade
Reasons include absence of worthwile activity from construction units amid tight fund positions
Japan may seek WTO help to resolve India steel tariff dispute
India has extended its safeguard import taxes on some steel products until March 2018
Steel consumption up 3.8% in May
During April-May, Integrated Steel Plant producers produced 8.688 mt, which was a growth of 8.8%
Primary domestic steel producers to see better profitability in near term: ICRA
The ratings agency said, post the operationalisation of MIP, domestic hot-rolled coil (HRC) prices have witnessed a sharp increase of about 25%
India targetting steel output of 300 mn tonnes: Vishnu Deo Sai
According to World Steel Association (WSA), India already occupies the third spot, with a production of 89.4 MT in 2015
Global steel oversupply must be urgently addressed: G7 leaders
Angry steel manufacturers have urged EU, the second-biggest steel producer, to follow US in punishing China with harsh tariffs
 "Global steel oversupply must be urgently addressed: G7 leaders")
China's top 10 steel mills controlled 34.2% of total capacity at end-2015
The largest 10 mills controlled 48.6% of total capacity at the end of 2010
APL Apollo Tubes to set up manufacturing plant in Chhattisgarh
To be built with an investment of Rs 75 crore, the plant will manufacture galvanised steel tubes, hollow section and galvanised sheets having a total capacity of 60,000 MTPA
 "APL Apollo Tubes to set up manufacturing plant in Chhattisgarh")
Mixed picture in steel output last year
Tough market conditions saw a drop in capacity utilisation for RINL, JSW Steel and JSPL in 2015-16.
 "Mixed picture in steel output last year")
Capacity utilisation falls for RINL, JSW Steel and JSPL
However, Tata Steel, Essar Steel and SAIL showed an improvement in the ratio of actual production to their total working capacity
