Page 18 - Steel Producers

Covid-19 pandemic speeds up JSW Steel's US business revamp plan

JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint

DGTR recommends CVD on certain steel product imports from Indonesia

The Commerce Ministry has recommended imposition of provisional countervailing duty (CVD) on certain steel products from Indonesia to guard domestic manufacturers from subsidised imports.

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

JSPL reports 29% rise in July standalone steel sales, says demand up

JSPL's export sales contributed 39 per cent of total standalone sales in July 2020.

Steel firms hike prices by Rs 2,000 a tonne in 10 days on demand spike

Key players say market has bottomed out, hike also driven by higher iron ore, scrap costs

NMDC Nagarnar steel plant faces delays in commissioning due to Covid-19

It is an ambitious project of the country's largest iron ore miner as it would mark NMDC's foray into the growing domestic steel sector.

Moody's Investors Service revises outlook on JSW Steel to negative

Move reflects deterioration in credit profile due to challenges brought by the pandemic

Covid-19, legal tangles throw spanner in JSW bid to regain pole position

Steel company remains third in capacity pecking order due to Dolvi expansion delay, stalled Bhushan Power acquisition.

Fresh capital outlay of Rs 20k-cr for infra at AMNS's Gujarat steel plant

ArcelorMittal chairman L N Mittal shares steel plant progress with Gujarat chief minister Vijay Rupani

Government assures measures to reduce logistics cost for steel players

The government on Wednesday assured steel makers that it will take appropriate measures to reduce the logistics cost of products that currently reaches as high as 28 per cent.

We were some weeks ahead in tackling Covid in India: Tata Steel's Narendran

In telephonic Q&A, the MD & CEO of India's oldest steel producer, dwells on how his firm kept domestic operations ready for the pandemic, taking cues from Europe much before lockdown got announced

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Despite encouraging signs, steel makers not out of the woods yet

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing under low demand and realisation

We have higher acquisition targets in India: Sanjeev Gupta of Liberty House

In a Q&A, the executive chairman of the group dwells on the initial frustrations while entering India, and the road ahead

India may impose anti-dumping duty on steel products from EU, Japan, US

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

Steelmakers ready to fill void left by Chinese firms: JSL's Abhyuday Jindal

The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal

Covid-19 crisis: Test for steel industry as domestic demand shrinks

Shrinking domestic demand offers the industry the chance to become globally competitive

Indian steel firms race to plug demand gap in China amid Covid-19 crisis

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

Steel demand to nosedive 60-65% in Q1, recovery unlikely before Q3

Companies to either delay or shelve Capex plans

India's steel demand likely to fall by 18% in 2020, Worldsteel report

Although the downturn is led by consumer and service sectors, massive dislocations in spending, labour markets, and confidence are fuelling declines in steel-using sectors, the global body said