Page 30 - Steel Industry

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

Tata Steel Q1 consolidated net profit at Rs 702 crore, down 64% YoY

India operations hit on fall in realisations, weakness in auto sector

Tohoku Steel inaugurates Rs 80 crore unit at Sri City to cater auto sector

The plant produces heat-resistant steel rods and soft magnetic stainless steel rods as per customer requirements

Steel imports from South Korea and Japan fill up the Chinese gap

The Indian steel industry has asked for a safeguard duty on steel imports

Steel industry to keep utilisation levels high in lean monsoon period

The industry's capacity utilisation level drops during monsoon as construction activity takes a hit

India pips Japan as second-largest steel producer; China on top: Worldsteel

India's crude steel production in 2018 was at 106.5 MT while Japan's was 104.3 MT

Secondary steel producers to play big role for 300 mn tonne industry

There is ample scope for global players to set up new plants by buying stakes or partnerships with PSUs. This can happen quickly