Page 6 - Steel Production

Hope of recovery as core sector fall narrows to 0.8% in Sept vs 7.3% in Aug

Coal, electricity and steel, which constitute over half of the core sector index, showed a rise in production in September

Domestic steel industry showing signs of recovery as demand picks: RINL CMD

Due to the bad market conditions developed post outbreak of the virus, steel makers were forced to cut down their operations by up to 50 per cent in April

Maithan Steel committed to expand production capacity despite Covid crisis

The company is also focusing on an advertising campaign to promote its TMT bars

Steel producers see retail strengthening despite spiking Covid-19 cases

While Covid-19 pandemic is setting a new normal for most industries across sectors, domestic primary steel producers too are adopting different ways to enhance focus

Margins under pressure, steel industry seeks ban on exports of raw material

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.

Steel prices may rebound on China demand, pick up in domestic need

Indian companies hope they can in the next few months bridge a 7 per cent gap between international and domestic prices

India's crude steel production at 6.8 MT in June, says Steel Ministry

The steel sector in India has started showing signs of improvement and in the month of June the country's crude steel production stood at 6.8 million tonne (MT), according to the Ministry of Steel

Tata Steel BSL crude steel production drops over 41% in June quarter

Tata Steel BSL said its crude steel production fell over 41% to 6,59,000 tonnes during June quarter 2020 as compared with 11,22,000 tonnes in corresponding period a year ago, hit by Covid-19 pandemic

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

Pradhan urges all industry stakeholders to use domestically produced steel

The minister further said there are many sectors which still do not use domestically produced steel due to various reasons.

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

Companies to either delay or shelve Capex plans

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

Hopeful of V-shaped recovery for steel sector: CEO Vedanta Electrosteel

'Expectedly, steel enterprises like ours acquired from the sickbay have suffered major production setback since the outbreak of Covid-19'

Icra revises domestic steel industry outlook to negative from stable

Sees domestic demand for the alloy declining by 20% in FY21

ArcelorMittal India FY20 steel output at record level of 7.23 mn tonnes

Production up 5% from last year despite challenging economic conditions, including Covid-19 fallout

Budget wishlist: Steel industry expects relief from taxes, logistic costs

Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime

Bhilai-like steel plant planned in Vidarbha's naxal belt: Maharashtra CM

Facility to come up in Gadchiroli district's Surjagad, known for its mineral deposits and dense forest

Tata Steel beats auto sector blues with higher sales in branded products

During April-September of FY20, Tata Steel's sales volumes in industrial products and projects moved up by eight per cent year-on-year (y-o-y)

Liberty Steel's Sanjeev Gupta to consolidate steel business under one head

Liberty Steel as part of the GFG Alliance is a global group of energy, mining, metals, engineering, logistics and financial services businesses