Page 5 - Steel Companies

Help govt in providing low-cost homes for migrants: Pradhan to steel firms

Pradhan said the government has set a target of providing 100,000 such houses, but the industry should build many more steel-intensive, low-cost houses, which will be a model for others to emulate

Steel firms hike prices by Rs 2,000 a tonne in 10 days on demand spike

Key players say market has bottomed out, hike also driven by higher iron ore, scrap costs

SAIL's stockpile of iron ore fines give company opportunity for profit

Profits from the sale of high-grade iron ore fines could help state-owned company reduce debt

Coronavirus drags Tata Steel production and sales volume in Q1FY21

June sees improvement in sales, utilisation up to 80 per cent

India's steel demand likely to fall by 18% in 2020, Worldsteel report

Although the downturn is led by consumer and service sectors, massive dislocations in spending, labour markets, and confidence are fuelling declines in steel-using sectors, the global body said

Covid-19: Nitin Gadkari exhorts steel players to eye bigger global share

He said by upgrading technology in the sector, India could also attract huge foreign direct investment, thereby creating employment

No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen

Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen

Top headlines: Steel firms struggle, state finances to take a hit, and more

From Uber and BigBasket joining hands to deliver essentials, oil producers seeking relief from govt to venture capitalists warning start-ups, Business Standard brings you top headlines of the day

Steel firms bear the brunt of Covid-19 impact, to scale down production

Sajjan Jindal's JSW Steel has already announced its decision to cut production at its plants

Steel industry seeks duty cut on key raw materials in upcoming Budget

The basic customs import duty on anthracite coal is 2.5 per cent

New codes likely to take 1,200 steel items out of 'others' category

These new codes will accurately define and classify the imported product

Budget wishlist: Steel industry expects relief from taxes, logistic costs

Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime

Steel companies ramp up iron ore buying on fear of supply disruptions

Almost all leading integrated steel makers and secondary producers have intensified iron ore sourcing to avert raw material crunch and ensure uninterrupted plant operations

White paper to reduce tax burden on steel sector: Dharmendra Pradhan

To provide more relief, Union Minister Dharmendra Pradhan said the government is bringing changes to the Electricity Act which will address concerns related to power tariffs

Indian steel firms should invest in Russia to lower coal prices: Official

Executives of Indian companies met senior Russian officials, and Leonid Petukhov, CEO, Far East Investment and Export Agency in the presence of Union Petroleum and Steel Minister Dharmendra Pradhan

Dharmendra Pradhan invites Japan steel companies to invest in India

His meeting assumes significance as steel companies in Japan have shown interest in investing in India.

Sluggish market may delay Posco decision on investing in India steel plant

India will be adding 20 mt of annual capacity in the next five years

Beleaguered steel firms see ground for 35% cut in iron ore prices

Prices of finished steel products tumble 10-25% since January

Hit by rising costs, steel companies may go for price hike in June

Companies planning to hike prices of flat steel prices by Rs 750-1,000 a tonne

Steel companies turn to small OEMs as car sales continue to drop

Sajjan Jindal-led JSW Steel and Tata Steel are among the top flat steel producers in the country