Page 3 - Steel Demand

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

Domestic steel output to take hit as plants divert oxygen for medical use

Consumption seen falling in line with production as auto, consumer durable goods demand tanks

Global prices to prop domestic steel despite near-term demand taper: Icra

Contraction in domestic steel consumption has been much lower at 9.9% in 11M FY2021 compared to a 19.6% drop during 8M FY2021 on the back of a sharp pullback in demand during December 2020 and January

Strong demand, low inventory to support domestic steel prices: Report

Strong domestic demand along with low finished inventory are expected to support domestic steel prices, Motilal Oswal Financial Services said in a report.

Steel demand in EU plus UK seen rebounding by 13.3% in 2021: Eurofer

"2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter," said Eurofer Director General Axel Eggert

Duty cut on steel products to exert near-term pressure in Indian cos: Icra

Decision will make imports competitive, Chinese firms may gain

India's secondary steel producers, trade see decline as China price falls

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

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

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.

Steel prices race past peak levels of 2018, spreads at 3-year high

The market price for hot rolled coil (HRC) - a benchmark for flat steel - now stands at around Rs 47,500

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

We're now at pre-Covid levels on volumes and prices: Tata Steel's Narendran

In a Q&A, the firm's MD & CEO says there is a pick-up in consumption acroess sectors and keeping up with market requirements is a struggle

Domestic steel demand seen down by 10-12% in FY21: Brickwork Ratings

In Q1FY21, finished steel production crashed by 49% and consumption by 53% compared with Q1FY20 levels

Tata Steel: Rising demand, steel prices and integrated ops bode well

During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels

Domestic steel industry seeing demand recovery with easing of curbs: Icra

Performance of mills, especially blast furnace players, is expected to make healthy rebound in Q2, supported by rising capacity utilisation, successive steel prices hikes and low input costs

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

Steel demand to fall significantly in FY21 due to Covid-19: Chandrasekaran

A contraction in the global GDP is not at all a good sign for the global steel sector as steel demand is positively correlated with the economic growth.

Covid-19 casts a new light on steel as rural India provides some succour

With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products

JSW Steel plans to reduce capex target by 45% to Rs 9,000 crore for FY21

World steel association has also lowered its forecast for steel demand for calendar year 2020