Page 16 - Steel Producers

Covid-19: Steel firms expect no production disruption amid oxygen diversion

Market cap of top four steelmakers up 29% in April so far; demand from China is a strong tailwind

Tata Steel takes Liberty Steel to court in UK over missed payments'

Indian steel major Tata Steel has filed a commercial court claim in the UK against British Indian steel tycoon Sanjeev Gupta led GFG Alliance

Covid-19 second wave: Steel firms get state-wise quota for supply of oxygen

The Indian steel industry has the capacity to supply about 3,000 tonnes a day of medical oxygen

Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel

Jindal Steel owned 48.99% in the Oman unit via Jindal Steel & Power (Mauritius) Ltd. The former had made the deal to exit Oman biz last September

SAIL clocks best quarterly sales at 4.27 MT during Jan-Mar quarter

Steel Authority of India Ltd (SAIL) clocked its best ever quarterly sales at 4.27 million tonnes (MT) during the March quarter of the last fiscal year

Global prices to prop domestic steel despite near-term demand taper: Icra

Contraction in domestic steel consumption has been much lower at 9.9% in 11M FY2021 compared to a 19.6% drop during 8M FY2021 on the back of a sharp pullback in demand during December 2020 and January

From JSW to SAIL, major steel companies' stocks show strong upside

Brokerages bullish on improving cycle and higher prices

Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha

Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs

Ind-Ra revises fiscal year 2022 steel sector outlook to stable

The agency revised its outlook on the domestic steel sector from negative to stable for the fiscal year beginning April 1, 2021

Posco's steel plant in India faces disruption, hampers auto supply chain

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill"

Posco's steel plant in India faces disruption, hampers auto supply chain

A local politician leading the protests said they have blocked employees and goods from entering the plant and will continue until Posco heeds to some of their requests

As Greensill's top client, Sanjeev Gupta sees cash source evaporate

Gupta's travails highlight how Greensill's fall from grace could affect the real world

Mega steel plant in Odisha to bring wave of economic development: Pradhan

Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring jobs

Need to increase logistics arrangement for steel sector: ISA

There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, ISA said

Strong demand, low inventory to support domestic steel prices: Report

Strong domestic demand along with low finished inventory are expected to support domestic steel prices, Motilal Oswal Financial Services said in a report.

ArcelorMittal reports $1.21 billion net income in Oct-Dec 2020

Global steel giant ArcelorMittal on Thursday posted $1.21 billion net income for the quarter ended December 31, 2020

JSW crude steel output increases 2% to 14.32 LT in January

Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January

Govt reduces customs duty on certain steel items to provide relief to MSMEs

The government looks to provide relief to MSMEs which have been hit hard by high cost of raw materials

India's secondary steel producers, trade see decline as China price falls

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

Govt exhorts domestic steel makers to become more competitive globally

The government has exhorted domestic steel makers to become more competitive locally as also in export markets