Page 30 - Steel Industry

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

India likely to leave behind US in steel consumption this year: Minister

India is expected to edge past the US with regard to steel consumption this year, Steel Minister Chaudhary Birender Singh said Tuesday. Addressing the fourth edition of India Steel 2019, the minister said, "Growth trend in steel consumption in India will continue, due to strong manufacturing sector, diversified demand demographics, accelerated expenditure on infrastructure, anticipated increase in GDP and strong focus on 'Make in India'." "We are likely to leave behind US in terms of steel consumption this year," Singh said. A budget of around Rs 6 lakh crore was allocated for infrastructure development in the current financial year, he noted. "So, based on these enabling factors and with huge potential yet to be tapped, the per capita consumption can easily be increased from the current levels," he added. Steel Secretary Binoy Kumar said that the National Steel Policy 2017 along with the Policy for Preference to Domestically Manufactured Iron & Steel Products have resulted in ...

Govt to investigate allegation of low quality steel in market: Steel Min

Singh said this while reacting to the claim of the First Construction Council (FCC) that 26 TMT bar brands in the country had failed in quality parameters in sample tests

Steel industry needs more curbs, says ThyssenKrupp CEO Guido Kerkhoff

The biggest steel-making nation has reshaped the industry in the past three years by closing plants, tightening environmental controls and imposing targeted production curbs

Steel companies cheer on better utilisation in lean July-September quarter

Lower-than-estimated rainfall lends support to steel industry

Steel sector faces pricing, supply issues; insolvent firms adding to woes

National Steel and Indian Steel might also be soon going before the NCLT

Steel industry hopes govt will bring clear policy to boost ecosystem

Chaudhary Birender Singh, Minister of Steel, to inaugurate MMMM 2018 at Pragati Maidan, New Delhi on August 29

High values of stressed steel assets reflect uncertainty over greenfield

The upturn in the steel cycle is already in its second year

Steel firms' performance to improve further on steady sales: India Ratings

Material deleveraging still a remote possibility for some steel players on the back of capacity expansion plans, leveraged buyouts of stressed assets

Steel firms breathe easy as raw material prices likely to stay range-bound

The upward momentum in steel production and consumption is expected to continue during the ongoing financial year

In a global trade war, India's steel companies are better placed

Supply cuts in China mean better prospects for domestic players; macro issues to weigh on non-ferrous players

Banks will not be reluctant to lend to steel firms anymore: Birender Singh

These are places that are likely to emerge as steel hub for country -Kalinganagar, Angul & Rourkela. At these places only, we would be creating a capacity of 100 mn tonnes, says Union Steel Minister

Steel industry stares at a speed bump with inadequate rail and road infra

Industry is worried inadequate rail and road infra will not allow to swiftly despatch finished products to consumption centres or receive raw material from mines once new capacity comes on stream

Rural electrification: A vague definition or actual transformation?

Does everyone in India now have access to electricity, finally? Going by Prime Minister Narendra Modi's recent announcement that all villages in the country have been connected with electricity, one might be inclined to believe so.However, 30.6 million rural households in the country are yet to receive a power connection.

Domination of JSW, Tata, SAIL in steel set to be challenged by 4th player

Analysts say that many of the competing steel players are worried of ArcelorMittal & Nippoon Steel financial muscle and their ability to expand capacity