Page 4 - Steel Demand

Jump in ore prices eases NMDC's woes; shares rebound by 16%

However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

Covid-19 crisis: Test for steel industry as domestic demand shrinks

Shrinking domestic demand offers the industry the chance to become globally competitive

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

Steel demand to nosedive 60-65% in Q1, recovery unlikely before Q3

Companies to either delay or shelve Capex plans

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

Target 300 million tonnes: Steel companies gear up for value creation

Industry majors saw in sick assets an opportunity to expand operations

Liquidity, labour and logistics are the key challenges: JSW Steel's Rao

Ensuring return of labour as important as sending them back home, says Seshagiri Rao

JSW Steel Q4 consolidated PBT at Rs 953 crore, down 60% on weak demand

Net sales down 20%, impairment provision hurts bottomline further

Big ticket infra projects to boost steel demand despite slowdown: RINL CMD

A government task force recently projected total investment of Rs 111 trillion in infra projects over five years to augment infrastructure and create jobs in the country

Foreseeing strong demand for steel post-coronavirus: SAIL chairman

Our decision to rely on railways, and not roadways, to transport both raw material as well as finished products is bearing fruit, says Anil Kumar Chaudhary

Experts cite dwindling steel demand for NMDC's sharp cut in iron ore prices

NMDC's action is expected to encourage buyers to pick up larger quantities of the mineral in the near future

NMDC reduces iron ore prices after poor demand from industries last year

Domestic steel prices fell during most of 2019 due to low demand from industries and a slowdown in the economy.

Domestic steel demand in October-November shrinks 1.8% YoY: ICRA

Domestic prices seen sensitive to global rates in absence of meaningful demand pick-up in seasonally strong Q4

Cement and steel firms hike prices as construction demand picks up

Some industry players, however, warn that price recovery is supply-led and not demand

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

Steel demand picks up to 5.2% in first 9 months of FY18, says ICRA

The improvement is seen due to sustained buoyancy in the automobile sector and recovery in growth rates in the construction and capital goods sectors

Steel demand likely to improve in near term: Icra

The production growth too is expected to revive on the back of a likely pickup in domestic demand and favourable international steel prices, enabling an export push

Govt says need to raise steel demand to match capacity boost

The govt had said that will create demand for 300 million tonnes of steel

Government spending to drive steel demand

Steel consumption will increase especially in roads, power, water and gas pipeline projects