Page 20 - Steel Producers

Why the world needs to cut back on production capacity of steel plants

China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India

Decline in steel prices, surge in orders, bring happy times for pipe makers

Lower steel prices have helped improve margins while govt's focus on infra development for water, oil and gas has brought a surge in orders for the manufacturers

Despite correction in input prices, experts remain cautious on steel stocks

Weak realisations, rising imports as well as inventories to weigh on earnings of steel makers

Indian Railways plans separate pricing mechanism for steel rails

Indian Railways had in 2018-19 procured 100,000 tonnes of rails from Jindal Steel & Power (JSPL), the first from the private sector in at least three decades

Govt's online system to monitor steel imports amid criticism from industry

The Steel Import Monitoring System (SIMS) will provide advance information about steel imports to both the government and stake holders

Domestic steel inventory at alarmingly high level of 35 days: INSDAG chief

Normal stock position is 21 days; industry officials see steel prices close to bottom even as global scenario remain grim

Steel demand is expected to pick up in H2, says Tata Steel's T V Narendran

The steel sector has been facing demand worries with a slowdown in almost every user industry

Steel manufacturers call for parity in iron ore, coal block auctions

Steel makers have sought the intervention of Prime Minister's Office to establish parity between coal and non-coal block auctions

As demand tapers, steel firms rush to export market to clear stock

Most of the producers said they were exporting more to bring down the inventory

Tata Steel draws up plan to boost competitiveness, lower logistics cost

"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO

Tohoku Steel inaugurates Rs 80 crore unit at Sri City to cater auto sector

The plant produces heat-resistant steel rods and soft magnetic stainless steel rods as per customer requirements

Budget's Rs 100 trn infra investments to buoy domestic steel use: Icra

Plan to build 19.5 mn rural houses over next three years will also strengthen steel consumption, ratings agency says in its Budget analysis

Steel makers should understand and address consumer needs: Faggan Khulaste

The Union Minister emphasised that steel industry plays a key role in fostering socio-economic development of a country