Page 21 - Steel Industry

ArcelorMittal Nippon Steel India clocks 59 per cent increase in EBITDA

Sequentially, however, the firm's EBITDA was 21% primarily due to lower steel selling prices and higher costs (including coking coal and power), the company said

Tata Steel's acquisition of NINL to strengthen long-steel output: Moody's

Moody's Investors Service on Monday said the acquisition of Neelachal Ispat Nigam Ltd by Tata Steel arm is credit positive because it will increase the subsidiary's long-steel production capacity

Economic Survey: India sees 25% growth in steel output during Apr-Oct FY22

India's crude steel production increased 25 per cent year-on-year to 66.91 million tonne during April-October period of 2021-22, according to the Economic Survey.

Adani Group, POSCO sign agreement to develop steel mill in Gujarat

The investment is estimated to be up to $5 billion, according to the statement.

Tata Steel's output grows 2% to 7.68 MT in Dec quarter; sales fall 3%

India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT

Touch services worst hit in all 3 waves, need Budget support: TV Narendran

The Centre and the states need to work together so that we don't have unnecessary disruptions, while at the same time you don't take unnecessary risks, said TV Narendran

Govt begins inviting applications under PLI scheme for speciality steel

March 29, 2022, has been fixed as the last date to submit the applications

Rail rake shortage hurts steel delivery of Odisha, Karnataka steel mills

Industry officials said inventory build-up at various plant locations is also an issue

RINL flags off its first 51 loco wheels shipment to Indian Railways

The first dispatch of 51 loco wheels was flagged off to Lucknow workshop of the Indian Railways

Odisha bags proposals worth Rs 2.48 trillion from steel sector in 6 months

Raw material, port facilities, slurry pipe infrastructure make the state a "popular" choice

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

JSPL to bid 'aggressively' for debt-laden steel maker NINL next week: MD

December 23 is the scheduled date for bidding for Neelachal Ispat Nigam Ltd (NINL)

Govt support will spur industry to shift to low-carbon steel: Sajjan Jindal

The JSW group CMD says steel industry has a crucial role to play in India's pledge to Net-Zero by 2070

High input cost, weak steel prices to hit steel industry earnings: Icra

Spot coking coal prices hurting firms' earnings, but industry's absolute profitability metrics will remain at healthy levels in next 12 months; ratings agency maintains 'Positive' outlook for sector

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

Iron ore is the key steel making raw material. A change in its prices has a direct impact on the rates of steel

Rourkela Steel Plant registers 'best-ever' Apr-Oct production in key areas

The earlier best April-October performance in all these segments was achieved in FY19

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

JSW Steel USA begins Phase II upgrade of plate mill facility in Texas, US

The project which is expected to be completed by 2023, is being carried out by its subsidiary company JSW Steel (USA) Inc, JSW Steel said in a statement.

Coal-parched steel, aluminium firms battle lower utilisation, higher costs

Primary steel producers, however, remain unperturbed as they rely on imported coking coal to meet their demand

National Mineral Index a likely solution to keep steel prices reasonable

Diversity in grade quality could make index formation difficult, say industry officials