Page 29 - Steel Industry

As Steel firms bid 2019 goodbye, they hope for better pricing in 2020

Analysts see commodity prices looking up and say looking forward to a pick-up in consumption

Disruption likely in steel industry after March as mine leases expire: SAIL

Coking coal and iron ore are the two key raw materials needed for making steel.

Slowdown blues: Steel industry reels from poor demand, wafer-thin margins

Steel output has contracted for two consecutive months, after at least four years of continuous expansion.

Growth after slowdown: India a net exporter of steel in FY20, says Pradhan

He was responding to a query on whether the government proposes to set up new steel plants in Haryana

Steelmakers fear iron ore supply disruption once leases expire next March

Industry says transition from existing to new lessee is not going to be as easy as anticipated

Steel sector may face disruption in iron ore supplies with 232 mines expiry

With the leases of 232 merchant iron ore mines expiring in March next year, the country may face a short-term disruption in supply of the main ingredient used in making steel, Acuite Ratings & Research Ltd said today. "The expiring leases can potentially curtail about 25-30 per cent of the country's iron ore production, taking into account the expiring leases of other states as well," Acuite Ratings & Research Ltd said in its latest report. Iron ore is the main ingredient used in making steel. Consequently, any significant delay with respect to auctions and more specifically lease transfers will affect iron ore supply and prices, thereby putting further pressure on sector profitability. Non-integrated steel companies, which do not have access to captive iron ore mines, will be relatively more vulnerable in the event of such delay. Therefore, a smooth transition in the lease transfers through the upcoming auction process along with the expected increase in pellet availability ..

Pradhan urges steelmakers to adopt green practices, boost production

As the country invests Rs 100 trillion in creating and upgrading infrastructure, steel consumption is poised to grow exponentially

Metal companies may trim capex further to avert cash-flow mismatch

Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore

Amid slowdown, steel companies reduce prices for automakers by 14%

A steel producer said lower prices would hopefully support the auto sector

Need self-sufficiency in high-grade steel; industry must step up: Pradhan

High grade and value-added steel are used in power, defence and automobile which is currently imported

ArcelorMittal to shut down steel plant in South Africa, lay off 1000

South African government expresses 'disappointment' at the decision of ArcelorMittal South Africa.

Roads to rail tracks: India must iron out logistics for transporting steel

For India to benefit from capacity targets set in the National Steel Policy 2017, modes of transportation other than road and rail need to be developed first

Decline in steel prices, surge in orders, bring happy times for pipe makers

Lower steel prices have helped improve margins while govt's focus on infra development for water, oil and gas has brought a surge in orders for the manufacturers

Steel industry seeks booster for demand revival amid economic slowdown

Against this backdrop, says the industry, the corporate tax cut announced by the central government is not going to change much for now

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

Demand woes, downgrades keep sheen off steel industry, say analysts

Low realisations, higher input costs and imports have added to worries

Steel demand is expected to pick up in H2, says Tata Steel's T V Narendran

The steel sector has been facing demand worries with a slowdown in almost every user industry

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Production of finished steel to decelerate to 3-4% in current fiscal

The gloomy outlook on finished steel output comes after five years of consecutive firm growth between FY15 and FY19

Steel executives' guild urges PM Modi for 'hassle-free' SAIL-NINL merger

With MMTC going public on its intent to sell stake in NINL and two other key promoters also wanting out, revival of proposal for merger with SAIL can inject a dose to hope to the ailing NINL