Page 24 - Steel Industry

JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr

JSW Steel reported crude steel production of 1.3 million tonnes in February, down by 1 per cent from 1.32 million tonnes in the same month of previous year

Tata Steel backs new global framework for decarbonising heavy industries

Tata Steel said it has joined a network of heavy industries and civil society groups that will provide a global framework for decarbonising heavy industries as part of the Covid-19 recovery plan.

Eight core industries' output up 0.1% in January

The rise came on the back of growth in the production of fertiliser, steel and electricity

Positive cues from China to keep steel prices, demand and supply in balance

China's opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January

Thyssenkrupp ends talks with Britain's Liberty on steel unit sale

The move comes after Sweden's SSAB last month abandoned plans to buy the Dutch operations of India's Tata Steel

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.

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

Decision will make imports competitive, Chinese firms may gain

Record steel prices help firms acquired under insolvency code out of red

Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018

ArcelorMittal Nippon Steel India inks pact with POSCO Maharashtra Steel

The pact is to supply hot rolled coils

Gadkari calls for research to explore cheaper options to cement, steel

This comes amid rising steel prices in the country

New regulators: Careful what you wish for

If past experience is anything to go by, creating a new sectoral regulator for a specific industry is more likely to undermine the objective of combating anti-competitive conduct

Big steel, cement companies are operating as a cartel: Nitin Gadkari

It will be difficult to achieve Prime Minister Narendra Modi's dream of making India a $5 trillion economy if the steel and cement prices keep going up, Gadkari said

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

India's steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009

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

JSW Steel sees mettle in bankrupt asset amid upturn in steel market

An upturn in the steel market has prompted the country's third-largest steel producer to up the ante on acquiring Bhushan Power

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 could open books to Liberty Steel in early Dec: Report

Liberty Steel, headed by metals tycoon Sanjeev Gupta, last month unveiled a non-binding indicative offer for Thyssenkrupp Steel Europe

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

AMNS India keen to expand India footprint if it gets conducive environment

In an interview with Ishita Ayan Dutt, ArcelorMittal Nippon Steel India CEO Dilip Oommen makes a case for curbs on export of iron ore amid a shortage for domestic markets