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SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook

Analysts at Edelweiss Broking expect SAIL's performance to improve further driven by realisation uptick, volume growth and iron ore sales providing an additional revenue stream

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

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

Steel firms say they are bullish on demand, prices after coronavirus crisis

Recovery has been sharp after the economy opened up, say industry leaders at a conclave

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

Steel Authority of India hits 52-week high; stock zooms 55% in one month

The company registered the best ever saleable steel Q2 production of 3.752 MT in Q2FY21 surpassing the previous best of 3.658 MT achieved during Q2FY18

Tata Steel, JSW Steel: Metal stocks poised for further upside, charts show

Nifty Metal has successfully conquered the 2,500 mark and is set to move towards 200-WMA, which stands at 2,969 levels.

Stock picks by Nilesh Jain of Anand Rathi: Buy Adani Gas, Aarti Industries

Adani Gas stock is on the verge of a major breakout from a symmetrical triangle formation on the daily chart

Steel companies lean on Indian market, post strong volume sales in Q2FY21

They have also been hiking prices almost every month, the latest being in October by Rs 1,500-2,000 a tonne, depending on the product category

SAIL exploring new markets to source coking coal: Chairman Anil Chaudhary

State-run steel maker SAIL is exploring new markets for the sourcing of coking coal with a view to reducing dependence on select countries for the raw material, its chairman Anil Kumar Chaudhary said

Supplied 9,000 tonnes of steel for all-weather Atal Tunnel, says SAIL

SAIL on Friday said it has supplied over 9,000 tonnes of steel for the all-weather Atal Tunnel which reduces the distance between Manali and Leh by 46 kms

SAIL board restructuring gets ACC approval, to bring in greater efficiency

The Appointments Committee of the Cabinet (ACC) has approved the restructuring of the Board of Steel Authority of India Limited

Cabinet panel approves restructuring of Steel Authority of India board

The four positions of chief executive officers of integrated steel plants of the company are to be elevated as functional directors

ACC approves restructuring of SAIL's board for greater efficiency

Besides, the board will have non-official directors as per the Companies Act 2013 and 2 government nominee directors as per the DPE (Department of Public Enterprise) policy

RSP, a SAIL unit exports over 34,000 tonne of steel plates since July

The unit is ready with additional 1,000 tonne of steel plates for export in the current month

Steel companies step up oxygen supply across India to aid Covid-19 patients

In the last 40 days, RINL has supplied more than 4,000 tonnes of liquid oxygen to the local state administration, at an average of 100 tonnes a day

MARKET WRAP: Sensex up 288 pts, ends above 39K; mid, small-caps outperform

All that happened in the markets today

SAIL reports over Rs 1,226 cr net loss in Q1 due to reduced income

The company had posted Rs 102.68 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing

Mining group writes to PMO for transparency in domestic steel pricing

Demands domestic steel price monitoring, regulation mechanism

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels