Page 8 - Steel Prices

Coronavirus outbreak: Price recovery has taken a hit, says Tata Steel CEO

Steel prices that had touched a low of Rs 32,250 a tonne in the first week of November have been on the rebound since and are currently at around Rs 37,000 a tonne

Covid-19 outbreak could raise downside risk for steel sector: India Ratings

Plant capacity utilisation in India not directly impacted yet, says agency

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

As steel demand picks up, companies turn to home market; prices may go up

Steel companies are mulling an increase in prices up to Rs 2,000 a tonne in February, which would be the fourth increase in a row

Domestic steel players raise prices amid absence of green shoots

Next two-three months to test if domestic steel price hikes are sustainable

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Steel companies ramp up iron ore buying on fear of supply disruptions

Almost all leading integrated steel makers and secondary producers have intensified iron ore sourcing to avert raw material crunch and ensure uninterrupted plant operations

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

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

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

S&P revises Tata Steel UK's outlook to stable, 'B+' Rating Affirmed

The outlook revision reflects view that Tata Steel will deleverage slower than earlier expectations as the outlook for steel prices weakened materially over the last three quarters

Cement and steel firms hike prices as construction demand picks up

Some industry players, however, warn that price recovery is supply-led and not demand

Near-term margin pressure may prevail for Tata Steel

Profitability may remain subdued in December quarter, even as some benefit accrues on account of softness in raw material prices

From moulding markets to changing mindset, how Vedanta revived Electrosteel

The second of a four-part series on IBC takes a look at how Vedanta restored faith of suppliers and customers and updated products to turn around the stressed plant

Decline in steel price to lift profit margins of pipe manufacturers

A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials

Domestic steel prices drop below anti-dumping duty threshold level: Icra

Price decline attributed to weak domestic demand; fall in China export prices poses challenge to Indian steel exports

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 prices fell to three year low; industry awaits demand pick up

Price outlook for steel making raw materials are also on the decline

Fitch Solutions lowers 2019 global steel price forecast to $600 a tonne

In the long term, Fitch Solutions maintains its view that prices will ease and embark on a multi-year declining track

Domestic steel firms set to hike prices by Rs 1,000 a tonne from March 1

Producers have raised product rates by Rs 1,750 per tonne in February

With rise in iron ore rates, steel companies hike prices after 4 months

Naveen Jindal-led Jindal Steel & Power, Tata Steel, Rashtriya Ispat Nigam Ltd and Steel Authority of India (SAIL) are among the other primary steel producers in the country