Page 14 - Steel Producers

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

JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24

JSW Steel is the flagship business of the diversified USD 13-billion JSW Group, which has a presence in sectors such as energy, infrastructure, cement, paints, sports and venture capital

Tata Steel UK plant helps build world's largest offshore wind farm

Tata Steel said hundreds of tonnes of its products, able to endure the harsh North Sea conditions, will be used for the giant wind farm project located 130 km off the north-east coast of England

JSPL to bid 'aggressively' for debt-laden steel maker NINL next week: MD

December 23 is the scheduled date for bidding for Neelachal Ispat Nigam Ltd (NINL)

Coal diversion to power firms leaving non-power ones fuel-starved: ICPPA

Any power outage in aluminium plants will lead to catastrophic impact and complete shutdown

China steelmaking ingredients fall as utilisation rates slip for 7th week

Capacity utilisation rates of blast furnaces at 247 steel firms across China declined for the seventh straight week

Steel Minister directs PSUs to make non-operational mines functional

The minister made the remarks at a meeting with CMDs of Steel Authority of India Limited (SAIL), NMDC and Manganese Ore India Limited (MOIL)

China iron ore futures surge on hopes of resuming steel production

Spot prices of iron ore with 62% iron content for delivery to China rose $4 to $95.5 a tonne on Monday

Industry body PHDCCI bats for having regulator to check steel prices

The chairman of the PHDCCI's metals and minerals committee made the request to the government at a session to discuss the issues faced by the stakeholders of the industry

French prosecutors widen investigation into Sanjeev Gupta's GFG group

The investigation was launched in July after suspicious activities were reported by public officials

Jindal Stainless second quarter net profit grows 5-fold to Rs 412 cr

Demand from all major end-use segments like process industry, pipe and tube, railways and wagons, and metro rail grew during the quarter

Steelmaker POSCO reports highest-ever quarterly operating profit in Q3

The South Korean steelmaker reported its highest-ever quarterly operating profit in the third quarter

Coal shortage may prove a hurdle in the recovery of smaller steel players

Many units in this space expect capacity utilisation levels to drop drastically a few months down the line due to the crunch in the supply of the fossil fuel

Government notifies PLI scheme guidelines for specialty steel

The government on Friday said it has notified guidelines for the recently announced Production Linked Incentive (PLI) scheme for specialty steel. On July 22, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the Rs 6,322-crore PLI scheme to boost production of specialty steel in India, attract additional investment of about Rs 40,000 crore and generate fresh 5.25 lakh job opportunities. In a statement, the Ministry of Steel said that "guidelines for an effective operation and smooth implementation of PLI Scheme have been notified on October 20, 2021 on the website of the ministry. Guidelines offer clarity on operational aspects of the scheme such as the application, eligibility, disbursement of incentive and so on". The five categories of specialty steel which have been included in the PLI scheme are coated/plated steel products, high strength/wear resistant steel, specialty rails, alloy steel products, steel wires and electrical steel, the ministry ...

JSW Steel Q2 consolidated net profit rises 350% to Rs 7,170 crore

Saleable steel sales for the quarter stood at 3.83 million tonne (Indian operations excluding JVs), an increase of 10 percent sequentially