Page 4 - Steel Companies

Covid-19 second wave: India Inc lends a hand amid shortage of oxygen

Over the weekend, many companies stepped in to ease the bottleneck in supply and transportation of oxygen, as demand ran high with the surge in cases

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Steel cos engage with vaccine makers to move bulk supply for employees

JSPL Chief Human Resource Officer said "we are reaching out to vaccine manufacturers for bulk supply of doses and will try to get these doses after completion of all frontline vaccination"

Airlines, steel companies, auto makers race to get vaccine for staff

Companies are asking their employees to be termed as essential workers and are in talks with vaccine makers for bulk procurement

Steel companies raise prices by upto Rs 2,400 a tonne, more hikes expected

Since India entered the unlocking phase, steel prices have been on a continuous uptrend

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Jindal Steel first private firm to get "regular supplier" tag from Railways

With this, Indian Railways, its arms and track-laying contractors can source 60kg 880 grade (90 UTS) Rails made by JSPL for their ongoing and upcoming projects

A year of ArcelorMittal Nippon: A 'new type of steel company' in the works

Firm claims Covid has had no long-term impact, growth plans are on track and target of reaching 12-15 million tonne output remains

Steel capacity utilisation levels set to drop further to 74-75% in FY21

Capacity utilisation in the domestic steel industry has declined to 77 per cent in FY20 from 88 per cent in FY11.

ThyssenKrupp to slash 11,000 jobs after recording $6.5 bn net loss

Sees another billion-euro deficit after 5.5-bn euro loss

Steel traders, re-rollers face weak domestic demand: CRISIL SME Tracker

A moderate demand revival is expected in the second half of this fiscal, led by improving auto sales and pick-up in construction activity.

Steel firms plan return to office, set up 'flexible' policies for employees

Tata Steel will allow employees to choose between working from home or office; JSW Steel is weighing a distributed workplace strategy

Raw material crisis may lead to closure of SME steel units: Industry body

Steel wire makers, belonging to the labour-intensive small and medium enterprises sector, are facing acute raw material shortage that may lead to the closure of several units

Maithan Steel committed to expand production capacity despite Covid crisis

The company is also focusing on an advertising campaign to promote its TMT bars

Steel costlier than Covid level after firms hike prices by Rs 2,000 a tonne

The increase was on the back of a pick-up in domestic demand in rural and non-infra spaces

Steel producers see retail strengthening despite spiking Covid-19 cases

While Covid-19 pandemic is setting a new normal for most industries across sectors, domestic primary steel producers too are adopting different ways to enhance focus

Commercial mining: Steel cos stay away from bidding in coking coal blocks

No steel company has shown interest in bidding for four coking coal blocks of 38 mines put on auction for commercial mining as they have concerns about fuel quality and high capital cost

Margins under pressure, steel industry seeks ban on exports of raw material

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

Steel companies reorient strategy to capture rising rural demand

While some companies have chalked out a relatively long-term plan to increase market penetration, others are seeing rural demand bounce back to pre-Covid levels

Steel firms set to raise prices from Sept on higher costs, global prices

JSW Steel said on Thursday that it had started the roll-out of JSW Radiance, a steel colour-coated product range in high-gloss feature with multiple variants