Page 33 - Steel Industry
Pruning of MIP, conditional safeguard puts flat steel makers in a fix
Weekly domestic hot-rolled-coils landed prices ex-Mumbai were $464-479 a tonne, compared with $370-375 FOB, China
 "Pruning of MIP, conditional safeguard puts flat steel makers in a fix")
Local value addition for steel products better deal than exports
India expects sizeable investment in infrastructure, and conserving resources for local use help keep costs for infrastructure projects in control
 "Local value addition for steel products better deal than exports")
Govt removes safeguard duty from 37 steel products
Decision after steel minister met stakeholders from the industry on July 28
 "Govt removes safeguard duty from 37 steel products")
Govt prunes MIP list to 66 steel products
Those with anti-dumping, safeguard duties removed
 "Govt prunes MIP list to 66 steel products")
India's anti-China steel tariffs bite engineering, manufacturing firms
Higher prices, besides hampering exporters, have pushed many steel processing firms into losses
 "India's anti-China steel tariffs bite engineering, manufacturing firms")
Protection for steel industry may continue
Govt likely to extend protection to the industry by either re-notifying minimum import price or through wider anti-dumping duty
Steel industry owes Rs 3,00,000 crore to banks
With Chinese steel in the market, the prices have fallen, resulting in the domestic steel producers suffering heavy losses
 "Steel industry owes Rs 3,00,000 crore to banks")
Steel imports continue below MIP levels, complain producers
Total imports in April-June were 1.75 million tonnes, of which 69 per cent were below MIP levels
 "Steel imports continue below MIP levels, complain producers")
Has G20 meet just given steel sector a reason to celebrate?
G20 has urged world's top economies to tackle excess production capacity in steel and some other industries
 "Has G20 meet just given steel sector a reason to celebrate?")
India probes dumping of steel products from China, EU
Anti-dumping authority responds to petition filed by Essar Steel and JSW Steel to probe dumping of certain flat steel products
 "India probes dumping of steel products from China, EU")
China steel giants plan merger in face of global glut
Beijing has vowed to eliminate 100-150 million tonnes of capacity by 2020
May steel imports lowest in at least 14 months
Consumption of steel in India is growing, rose 3.8 per cent in May
Dissent in steel industry on MIP
The government imposed MIP in February on 173 steel products for a period of six months, ending in August
Ministerial group to decide on steel capacity boost tomorrow
Issues with composite licence and hurdles in clearances to be discussed
MMTC gets Rs 724 cr commission from NINL since 2001-02
There is a mutual arrangement between MMTC and other promoters of NINL for payment of commission to the former
 "MMTC gets Rs 724 cr commission from NINL since 2001-02")
Steel imports rise 26% in FY16
The domestic production of finished steel in the last financial year declined to 90.39 mt (provisional), over 92.16 mt in 2014-15
Sponge iron price jumps 10% in one month
Price trend indicates a revival in demand from steel mills after the government took steps to protect domestic firms
 "Sponge iron price jumps 10% in one month")
Govt initiates anti-dumping probe into imports of hot-rolled coils, plates
Authority finds sufficient evidence of dumping by China, Japan, Korea, Brazil, Indonesia, Russia that has caused significant injury to the domestic steel industry
China to cut steel capacity to 1.13 billion tonnes by 2020
China's plans to shut steel mills over the next 5 years would cut total capacity to an estimated 1.13 billion tonnes by 2020, still far in excess of the country's needs
 "China to cut steel capacity to 1.13 billion tonnes by 2020")
Global steel industry facing 'Ice Age,' top China mill warns
Steel demand in China is shrinking for the first time in a generation as growth slows and policy makers seek to steer the economy toward consumption