Page 13 - Steel Producers

CRISIL SME tracker: Export duty will hurt large steel players, spare MSMEs

MSMEs, which make up 90-95 per cent of re-rollers, witnessed a sharp margin contraction in FY21 owing to iron ore unavailability, and logistics and labour issues, among other factors

India to become world's number one producer of steel: Jyotiraditya Scindia

Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in the world in the days to come. India is the world's second largest producer of crude steel after China. The minister was speaking during a conference on Indian minerals and metals industry organised by NMDC and Ficci. He was of the view that India has moved from becoming the net importer of steel to the net exporter of steel. He said India's per capita consumption of steel has increased from 57.8 kg in 2013-14 to 78 kg. The government intends to achieve 300 million tonne (MT) of steel production target by 2030, Scindia said. Steel across the world is the primary sector which results in economic, capital and infrastructure growth. "Our target policy and focus also has been to turn India from just another player in the steel sector to becoming a force to reckon with," he added.

As China's property crisis deepens, experts see a silver lining for India

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

Tata Steel Europe: A tale of 2 plants and their transition to green future

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

Coal crisis: Steel makers in Chhattisgarh look to enhance supply

The mineral-rich state contributes about 20 per cent to the country's secondary steel output

Growth capex to stay despite slow demand; JSW hopes for a rebound in Q3

A combination of factors made the operating environment in Q1 challenging

Next British PM to decide fate of Tata Steel UK's demand for subsidy

Tata Steel seeks 1.5 bn pounds subsidy to keep operations afloat

Near-term margin pressures for JSPL on likely tapering of steel prices

Captive coal availability and zero-debt target by the end of the year are positives

Export levy impact: Tata Steel deliveries drop 2% YoY despite higher output

Tata Steel said domestic despatches were up 5% YoY, leveraging a strong marketing network and an agile business model

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Expect govt to withdraw duties on steel when inflation eases: Sajjan Jindal

Terming duties imposed on steel products a "short-term headwind", JSW Group CMD Sajjan Jindal said he is hopeful of the government withdrawing the levies once inflation moderates. The duties were imposed last month with the objective of controlling inflation, the industrialist said. Jindal's statement comes days after he along with other top industry leaders met Finance Minister Nirmala Sitharaman in her office. In a tweet on June 16, office of the Finance Minister, without sharing the details of the meeting had said, "Delegation of Indian Steel Association @steel_indian, including Shri @MPNaveenJindal - Chairman JSPL, Shri @sajjanjindal - Chairman JSW, Smt Soma Mondal - Chairman @SAILsteel & other senior members of the industry, calls on Smt @nsitharaman." "We view the export duties imposed on steel in May 2022 as a short-term headwind, since they have been imposed with the objective of controlling inflation. We continue to engage with the government on this matter and believe ...

We'll stay the course in our strong expansion of Tata Steel: Chandrasekaran

Tells investors at AGM that Indian steel industry is globally competitive and companies should be able to expand capacity in value-added products for both, Make in India and Make for The World

Steel industry: From sprint to jog as export duty hike plays speed breaker

Now, beginning June, steel mills are expected to announce a cut for monthly contracts

JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

Russian-Ukraine war impact: Steel producers feel a new pinch in India

The Russia-Ukraine crisis has seen product prices soar, but raw material costs are rising even further

Top Headlines: Oyo rejigs top brass; immediate fuel price hike unlikely

IPO-bound Oyo on Thursday announced a major rejig in top management and appointed a new CEO of its India business

European Union hikes tariffs on India, Indonesia stainless steel makers

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from unfair subsidies and imposed tariffs

ArcelorMittal posts three-fold jump in Q4 net income at $4,045 million

The company had posted a net income of USD 1,207 million in the year-ago period

Jindal Steel and Power posts 20% steel sales growth in January 2022

Jindal Steel and Power on Wednesday reported "meaningful recovery" in steel sales, despite low railway rake availability

Tata Steel's output grows 2% to 7.68 MT in Dec quarter; sales fall 3%

India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT