Page 12 - Steel
SAIL-Arcelor JV eyes Gujarat, Maharashtra for auto steel
Sources close to the development said the equity structure was likely to be finalised once the joint venture agreement was signed
Surplus capacity triggers competition among steel makers
Low steel prices, as a result of dismal global demand growth globally, were not leaving any margins for producers
Steel industry output expected to rise
Demand may pick up after monsoon; however, realisation might not change much as costs are rising
 "Steel industry output expected to rise")
US affirms duties on steel from Brazil, India, UK, South Korea
Russian imports will not face duties, because of a lack of a finding of injury
Steel companies plan to increase prices
The price hike is expected to push the rate of hot-rolled steel to Rs 39,000 a tonne and that of cold-rolled to Rs 42,000
 "Steel companies plan to increase prices")
Anti-dumping duty to help domestic steel firms overcome weak demand:ICRA
Debt protection metrics of steel players to remain depressed in near term
China, India push up global steel output by 1.4% in July
China's crude steel production for July was 66.8 MT, an increase of 2.6% compared to July 2015
Steel output likely to hit 127.1 mn tonnes by 2020: BMI
The country's share of global steel production will accelerate from 5.8% in 2016 to 7.8% in 2020, it added
Jindal India selects CMI FPE for supply of two processing lines
The Indian arm of Belgian firm will supply continuous galvanising and colour coating lines which will be installed at Jindal India's Kolkata site by mid-2017
 "Jindal India selects CMI FPE for supply of two processing lines")
India slaps anti-dumping duty on steel products from 6 nations
The duty would be in force for six months till February 7, 2017
Despite protection, steel firms get little room to raise prices
On Thursday, the government announced an extension of minimum import price (MIP) on 66 steel products at the same rate for the next two months
Belgium's CMI to supply annealing line for JSW Steel's tinplate production plant
The new line, which will be built at JSW's Tarapur facility, will produce 208,000 tpa of steel substrate for tinplate, which will then be electroplated and used as packaging material
 "Belgium's CMI to supply annealing line for JSW Steel's tinplate production plant")
Rama Steel Tubes increases capacity of Khopoli plant by 36,000 MT
The company also plans to install a third production line of additional 60,000 MT capacity by Q1FY18, taking the total capacity to 132,000 MT
 "Rama Steel Tubes increases capacity of Khopoli plant by 36,000 MT")
Steel industry, Commerce Ministry at loggerheads over MIP renewal
The government is likely to extend the MIP imposed on 173 steel items, ranging from $341 to $752 per tonne, on February 5
Global steel prices to soften during Jul-Dec: BMI Research
It expects prices for the metal to trade in the range of $450-520 per tonne during the second half of 2016
Steel companies may undo overseas acquisitions
Domestic market offers better scope
Tough for India to be steel making colossus: Chinese daily
The daily said it seemed India was seeking to boost its domestic steel industry with some help from trade protectionism
Global steel output dips marginally to 139 million tonnes in May
Utilisation ratio of 66 countries in May 2016 was 71.3%, which is 1% point lower than May 2015
Tight movements in steel price in thin trade
Reasons include absence of worthwile activity from construction units amid tight fund positions
Japan may seek WTO help to resolve India steel tariff dispute
India has extended its safeguard import taxes on some steel products until March 2018