Page 27 - Steel Industry

Steel sector may miss peak order season, wants supply chain opened up fully

The problem is especially acute in the tubes and pipes segment where 30 per cent of India's steel production is used

ArcelorMittal beats first quarter profit estimates, sees sharp drops in Q2

First-quarter core profit (EBITDA), the figure most watched by the market, was $967 million, compared with the average forecast in a company poll of $867 million

Steel output slumps 13% in March due to Covid-19, steepest fall in 8 years

The lockdown also had a profound impact on coal production, which contracted for the first time since 2012

Lockdown extension would only drag the economy down: JSW's Sajjan Jindal

JSW Group Chairman Sajjan Jindal says unless the government takes proactive steps, demand recovery could take 4-5 months.

Coronavirus lockdown: SAIL rings alarm bells over financial position

Impacted by customers in various sectors shutting operations

Steel demand to contract 7.7% in 2020 over coronavirus crisis: ISA

This is in sharp contrast to the earlier projection of 5.1 per cent growth made just a couple of months back, in February.

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

Covid-19 lockdown: 12-hr workday in Rajasthan factories, Punjab may follow

State invokes powers under Factories Act to extend maximum hours to 12 from eight earlier; Other states may follow as move is aimed to ensure production isn't impacted due to reduced workforce

Covid-19 pandemic to keep Indian steel exports subdued in near term: ICRA

Since 2014-15, India's steel exports and imports have witnessed a roller coaster run. Both in FY15 and FY16, imports trumped exports significantly

Covid-19-led demand destruction, firm input costs to impact steelmakers

While realisations take a hit, pressure on margins may intensify with input costs remaining steady.

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

Coronavirus outbreak and lockdown impact weighs on steel industry

Tata Steel is closing down its downstream standalone units in Maharashtra and Uttar Pradesh in line with guidance from respective states

Coronavirus impact on us relatively limited: Sameer Nagpal CEO Dalmia-OCL

In refractories, the raw material supply chain is very much dependent on China. There have been some minor disruptions but not any major impact on the supply chain side

Top 10 business headlines: Govt likely to miss disinvestment target

From coronavirus disruption on various sectors of Indian economy to adjusted gross revenue (AGR) woes of telcos, Business Standard brings you the top headlines of the day

As coronavirus epidemic spreads, Indian steel industry may have a meltdown

Coronavirus is likely to keep up the pressure on Indian domestic steel prices in the near term

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

Coronavirus outbreak to impact steel industry for next 2-3 years: Pradhan

The minister also asked Indian steel companies to enhance output, particularly special steel, to grab larger global market share

Domestic steel players raise prices amid absence of green shoots

Next two-three months to test if domestic steel price hikes are sustainable

Mining is one of the growth areas for Tata Steel: CFO Koushik Chatterjee

The company has chalked out a master blueprint for growth in India over the next decade, Tata Steel CFO tells Ishani Ayan Dutt

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

These new codes will accurately define and classify the imported product