Page 7 - Steel Production
Decline in steel price to lift profit margins of pipe manufacturers
A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials
 "Decline in steel price to lift profit margins of pipe manufacturers")
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
 "Tata Steel draws up plan to boost competitiveness, lower logistics cost")
Steel mills to roll over product prices in July despite hike in input costs
They are unwilling to revise prices upwards following weak demand due to sluggish infrastructure and construction activity
 "Steel mills to roll over product prices in July despite hike in input costs")
India's crude steel production remains almost flat at 8.662 MT in April
"Crude steel production stood at 8.662 MT in April 2019, up by 0.1 per cent over April 2018," the steel ministry said.
 "India's crude steel production remains almost flat at 8.662 MT in April")
Finished steel output projected to grow by 6-8% in FY19: Report
Ratings agency CARE Ratings feels the upward trend in production and consumption is expected to continue through the rest of this fiscal
 "Finished steel output projected to grow by 6-8% in FY19: Report")
Global steel output up 4.6% in H1 as strong margins tempt mills to ramp up
Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 881.5 million tonnes (mt) in the first half.
 "Global steel output up 4.6% in H1 as strong margins tempt mills to ramp up")