Page 11 - Steel
Tata Steel starts production at ferro-chrome plant in Odisha
The Rs 542 crore plant, located at Gopalpur, has an installed capacity of 55,000 tonne per annum
 "Tata Steel starts production at ferro-chrome plant in Odisha")
India's steel exports register three-fold increase in January
Exports in January, 2017 (0.889 mt) was up 224 per cent over January 2016
 "India's steel exports register three-fold increase in January")
Steel firms lower prices as demand stagnates
In 2015-16, the consumption of Indian steel stood at 81.5 million tonnes, which was up by 4.8%
 "Steel firms lower prices as demand stagnates")
Steel stocks gain; Jindal Steel & Power hits 52-week high
JSPL, Tata Steel, Jindal Saw, Bhushan Steel, Maharashtra Seamless and SAIL were up 2% to 10% in intra-day trade.
Steel rebound hope fading as China's property market slows
Home prices have shown signs of slowing following Beijing's orders to tighten the market
 "Steel rebound hope fading as China's property market slows")
Minimum import price on steel short-term step: Govt
A total of 124 steel products have been covered by provisional anti-dumping duties, final order due
 "Minimum import price on steel short-term step: Govt")
Increase the import duty on stainless steel flat products: K K Pahuja
Make domestic stainless steel industry competitive by decreasing import duties on raw materials
 "Increase the import duty on stainless steel flat products: K K Pahuja")
End of MIP may hit import-dominated steel sector
Steel companies imported 6 mn tonnes of coking coal in April and May, according to official data
Analysts cautious as steel stocks rise
Chinese capacity cut is unlikely to help, though a continuing trend of declining coal prices could add to profitability
Steel sector faces December chill on costly coal
Benefit of higher realisation to get nullified as coking coal prices shoot
 "Steel sector faces December chill on costly coal")
Steel sector revival likely after April
Spot prices of premium hard coking coal have come off a high of $310 in Nov to $222 a tonne
China's Hebei to cut 31.86 million tonnes of steel & iron capacity in 2017
Hebei had earlier cut 14.62 million tonnes of steel capacity by the end of October 2016
Domestic steel production rises as sales pick up
Sail, Essar Steel witness production growth of 15% and 61%, respectively, in FY17
 "Domestic steel production rises as sales pick up")
India may turn net steel exporter
During April-November, exports increased 53% over the same period last year to 4.24 million tonnes
 "India may turn net steel exporter")
Steel units want lifting of embargo on day movement of iron ore
State govt has already notified a uniform freight policy for mineral transport, fixing a ceiling on maximum permissible transportation charges
Implementation of stainless steel quality control order extended by 2 months
Extension was necessitated as licensing process by BIS is taking longer time
 "Implementation of stainless steel quality control order extended by 2 months")
Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn
Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries
 "Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn")
Rising coal prices temper steel's recovery hope
As industry bellwether ArcelorMittal crimps fourth quarter results, fears grow other players might also be hurt
 "Rising coal prices temper steel's recovery hope")
Steel's woes end after five-year slump
China's focus on infrastructure spending to give a thrust to its economy fires up demand once again
 "Steel's woes end after five-year slump")
Steel turns dearer as coking coal price surges
Major flat-steel producers have increased prices by Rs 1,500/tonne; impact may be seen in fourth quarter
 "Steel turns dearer as coking coal price surges")