Page 31 - Steel Industry

JSW, Tata in race for top slot in steel industry

Two steel majors look at capacity expansion, as insolvency process picks up steam for 5 firms

Steelmakers brace for 'short-term' headwinds

As the industry contends with surging imports, it is getting some help from firm finished steel prices and softening input costs

Steel industry continues to see protection benefit

Prices of hot-rolled steel in the Mumbai market have jumped 21 per cent since the beginning of 2016

ArcelorMittal among three steel firms to back out of Odisha projects

Eleven others have not yet started work for setting up steel plants

Steel firms mull Rs 1,000 a tonne hike from April

Pricing power to help domestic steel companies improve fortune in coming months. With iron ore prices on a rise and domestic demand likely to pick up from mid-April, steel producers have already raised product prices by Rs 1,000 per tonne from 15, March and are gearing up for another hike by the same quantum from April. This time most of the companies, according to the source, are raising prices. "Domestic steel firms at a closed-door meeting held 10 days ago have come to an understanding to unanimously raise product prices for April by another Rs 1,000 per tonne," a source close to the development told Business Standard.Domestic steel companies have raised prices by about 70 percent since imposition of minimum import price (MIP) in February 2016. Though prices were raised by Rs 3,000 per tonne in January, most companies had to roll back the hike in the following month either partially or completely as the market was unable to abosrb the revision due to weak demand. However the ...

Tough times ahead for domestic steel producers

It is going to be tough for domestic steel companies to maintain their toplines in coming quarters. With local demand for the industrial commodity not picking up on expected lines and government protection measures to phase out soon, primary producers could come under pressure to cut product prices going ahead."If local demand continues to remain sluggish post March, then it is going to be a big problem for the steel producers," Nitin Johari, chief financial officer at Bhushan Steel told Business Standard. "At present, steel demand is subdued but we need to wait-and-watch as the market sense is that traders will de-stock their material by March and pick up fresh stocks April onwards," he added.Early this month, the government extended by two months (until early-April) the anti-dumping duty on certain cold-rolled flat steel products from four countries including China and South Korea to guard domestic industry against cheap imports. It also pulled out the last 19 steel products from ..

Further anti-dumping duty extension detrimental for SMEs: EEPC

Govt has extended anti-dumping duty by two months on certain cold-rolled flat steel products

Birender Singh wants Joint Plant Committee to be more representative

JPC is officially empowered by the ministry to collect data on the iron and steel industry

Centre to give top priority to issues affecting secondary steel sector

Iron-ore & power costs, coal supply are key issues; industry wants cheaper scrap from SAIL units too

Steel exports: Japan threatens to take India to WTO as trade tensions loom

Worried over tough trade climate in Trump era, feels impelled to take a stand for fairer markets

Why govt could fall short of its steel ambition

Despite a rise in steel prices since mid-2016, the private sector has found it hard to add new capacity

Government imposes anti-dumping duties on select steel products

The MIP on steel products that has cushioned the domestic industry for almost a year will end on February 4

Auto, electrical equipment drive steel consumption

Steel consumption in India grew 3.3% to 62 mt during April-December 2016

Little cheer for steel sector as analysts maintain a cautious view

Medium frequency furnaces account for about 9% of low quality steel capacity

China shutting down steel capacity unlikely to change global situation

This closure comprises only 9% of the low quality steel capacity which is again a small portion of the total 1.13 bn tonne steel capacity

Domestic steel makers start new year with price hike

However, demand being weak at home, mark up will be lower than the Rs 6,000 hike planned earlier

RBI has issued directions to help debt-burden steel producers: Aruna Sharma

Interview with Steel Secretary

Gross NPAs in steel sector at Rs 1.15 lakh crore: Govt

Total loan exposure to India's over $100-billion steel industry, the world's third largest, is about Rs 3.13 lakh crore

Steel imports rise 3.6% in October

Steel imports last month rose 3.6 per cent to 0.61 million tonnes (MT) compared to August 2016

Why rally in steel stocks is far from over

There is scope for hike in steel prices, which can fuel the stock rally in the markets