Page 17 - Steel Producers

Tata Steel's India output grows 3% in Oct-Dec, sales decline 4%

Tata Steel on Friday said its total output from India operations rose 3 per cent to 4.60 million tonnes (MT) during October-December quarter of the current financial year. The output from company's operations in India was at 4.47 MT in the year-ago period, Tata Steel said in a statement. Its sales from India operations during the period under review were at 4.66 MT, down 4 per cent from 4.85 MT in the same quarter of 2019-20 financial year. Tata Steel Europe's output also rose 4 per cent to 2.61 MT from 2.51 MT in the year-ago period. Sales from operations in Europe declined 10 per cent to 2.11 MT during the period under review from 2.35 MT in October-December of 2019-20. "Automotive and special products' segment deliveries grew 48 per cent quarter-on-quarter (q-o-q) on the back of improvement in overall demand, increased share of business from existing customers and new product approvals," the company said in the statement. Deliveries of branded products and retail segment grew

Rourkela Steel Plant sets records in production, dispatch despite Covid

Rourkela Steel Plant, a unit of the state-run SAIL, said it has set records monthly hot metal production of 4,06,397 tonnes and crude steel output of 3,62,388 tonnes in December

Steel producers, buyers, material suppliers fight over price hike

Steel manufacturers had focussed on exports during the lockdowns to stay afloat

Steelmakers write to PMO defending price hike, demand iron ore export ban

A steel producers' body has written to PM Modi, explaining that the metal price hike was due to surging raw material costs

India's steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

JSW Steel sees mettle in bankrupt asset amid upturn in steel market

An upturn in the steel market has prompted the country's third-largest steel producer to up the ante on acquiring Bhushan Power

JSW Steel offers preferential pricing to small businesses, assures supply

Personalised services will enable MSMEs to compete internationally, says steel company.

Swedish steelmaker SSAB looking at merger of Tata Steel Europe business

Steel producers in Europe are under pressure to consolidate, having been battered by weaker demand and global overcapacity

Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur

Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

Domestic steel industry seeing demand recovery with easing of curbs: Icra

Performance of mills, especially blast furnace players, is expected to make healthy rebound in Q2, supported by rising capacity utilisation, successive steel prices hikes and low input costs

Cut import dependence for special grade steel, boost R&D: Govt to industry

The government on Thursday stressed the need to cut import dependence for special grade steel, exhorting the domestic players to go for research and development activities and take required measures to make India self-reliant in value-added steel production. Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a Ficcci event, said though the country is the second largest producer of crude steel in the world, it is purely dependent on imports for special grade steel. Value added steel or special grade steel is used in segments like power, ship, rail, metro, defence, auto etc. Kulaste asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India. He said the industry players can conduct research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. This will help India become 'Aatmanirbhar' in ...

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

JSPL posts 21% growth in production and a 38% jump in sales in August

Private sector steel maker JSPL on Thursday posted a 21% rise in its consolidated production and a 38% growth in its sales for August 2020

We may revise iron ore prices further, says NMDC CMD Sumit Deb

The lockdown hit our iron ore production and despatches in the first two months of 2020-21, he says

JSW's common hub for steel and cement to clock in Rs 2,300 crore this year

Firm says the hub will be the largest of its kind in Asia, with a current stocking capacity across both products of about 2 mn tonnes a year

Bullish on India, Posco may have another go at setting up greenfield unit

Joint working group with Posco and RINL representatives will be formed to implement investment on land owned by Rashtriya Ispat Nigam Ltd (RINL) at Vizag

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Tata Steel reports Rs 4,648 cr net loss in Q1 due to reduced income

The company had posted a consolidated net profit of Rs 714.03 crore during the same period a year ago, Tata Steel said in a BSE filing