Page 13 - Steel Sector

Our target is to produce 300 million tonne of steel by 2030-31: Govt

The Steel minister said spares worth over $500 million will have to be imported every year to meet the needs of India's steel industry by 2030-31

Growth levers intact for steel players as rupee, firm demand support prices

The rupee's depreciation against the dollar and strong domestic demand continues to support steel prices, buoying stock prices for entities in the sector, unlike the volatility seen in most other commodity stocks. Tata Steel and JSW Steel, the two most favoured ones among analysts, have significantly outperformed the broader indices over the past three months. The trend is likely to sustain, say the analysts, who believe Steel Authority of India (SAIL) and Jindal Steel and Power (JSPL) will also gain.Flat steel products, used for making automobiles, white goods and the like, saw prices hiked last month by Rs 500-1,000 a tonne. Analysts expect a similar rise in October, too. Prices of long steel products, which find use in construction, have risen since their August low. Finished steel consumption growth, up from 3.1 per cent in 2016-17 to 7.8 per cent in 2017-18, is to maintain a high single-digit in FY19, says Fitch Ratings.One reason for the higher steel pricing is rupee ...

JSPL and NMDC key gainers from higher domestic steel pellet prices

Disruptions in supply likely to help sustain prices in the near future

Steel firms likely to see healthy growth in volumes, profitability in FY19

Analysts are bullish on improving volumes, realisations

Another strong quarter ahead for steel firms: Tata, JSW to perform better

India Ratings and Research recently revised its outlook on the domestic steel sector to 'stable' for FY19 from 'negative' in FY18

Steel stocks gain; Tata Steel, JSW Steel up over 3%

Tata Steel, JSW Steel, JSPL and SAIL were trading higher in the range of 2% to 4% on BSE.

India Ratings retains negative outlook for steel sector in FY18

The capacity utilisation is also expected to remain low at around 75 per cent in FY18

Will the new steel policy benefit manufacturers?

Steel player's prospects remain strong helped by firm realisations and lower imports

New policy to help, but core sector must use more steel

The policy is the second initiative by the Centre to revive the steel industry

Top six companies drive steel output growth

Biggers players overcame muted demand through increasing exports, say experts

India's steel import falls 36 per cent to 7.4 MT in 2016-17

The country recorded a crude steel output of 89.7 MT in 2015-16

India set to become second largest steel producer

Output will rise from 103 million tonnes (mt) this year to 110 mt in 2018

Rising risks on export front may dent fortunes of steel players

With domestic growth tepid, analysts sceptical about sustainability of price hikes

Brownfield growth key to Indian steel target of 300 mt

JSW has set a target of achieving the capacity of 40 mt by 2025

Steel exports surge 150% y-o-y in Feb, overtake imports

Shipments of the alloy surged 77% in eleven months to February 2017

Centre to mandate local steel use for infra projects

Wants to triple local production over next decade; move to boost sales of domestic companies

India mulls local steel requirement for $59 billion infrastructure spend

Japan has already threatened to take India to the WTO over some recent steel restrictions

Despite slowdown, steel firms put up stellar performance

Lower domestic demand a major roadblock; exports provide relief