Page 3 - Steelmakers
Domestic steelmakers raise product prices for a second straight month
While steel producers expect the market to embrace price hike, industry officials are of the view that the consumer is not ready and continuous hikes of this kind may not be sustainable
 "Domestic steelmakers raise product prices for a second straight month")
Steel makers hopeful of 300 million tonne production target by 2030
Steel makers on Thursday expressed hope that the sector will achieve the target of 300 million tonne production by 2030, if certain impediments on raw materials, finance and logistics are addressed. "I am confident that India will achieve the aim by 2030. Domestic demand will grow... India will become exporters of steel," Steel Authority of India's Bhilai plant CEO Anirban Dasgupta said. He was speaking at a steel seminar on 'Roadmap for 300 Million Tonne Vision 2020' here. Shyam Steel Director Manish Beriwala, not undermining the potential of the steel sector, highlighted concerns about capital costs that is the "highest in India", and the need for funds at competitive rates. The country requires about Rs 13 lakh crore and 600 million tonne of raw material to meet the target, said Harvinder Singh, president and SBU head - Sales & Marketing, Jindal Steel & Power Ltd. Beriwala said the government should focus on inland waterways, as well as the National Mineral ...
 "Steel makers hopeful of 300 million tonne production target by 2030")
Why the world needs to cut back on production capacity of steel plants
China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India
 "Why the world needs to cut back on production capacity of steel plants")
Steelmakers face debt challenges amid falling prices, slowing consumption
Domestic steel consumption in September was at its lowest since the start of the fiscal year 2019/20, according to official data
 "Steelmakers face debt challenges amid falling prices, slowing consumption")
Non-integrated steelmakers set to pay 15-20% more for iron ore from FY21
Bereft of captive iron ore resources, the non-integrated producers bank on merchant supplies to sustain their operations
 "Non-integrated steelmakers set to pay 15-20% more for iron ore from FY21")
Beleaguered steel firms see ground for 35% cut in iron ore prices
Prices of finished steel products tumble 10-25% since January
 "Beleaguered steel firms see ground for 35% cut in iron ore prices")
Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand
Better days ahead for steelmakers
