Page 13 - Steel

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

Steel consumption up 3.8% in May

During April-May, Integrated Steel Plant producers produced 8.688 mt, which was a growth of 8.8%

Primary domestic steel producers to see better profitability in near term: ICRA

The ratings agency said, post the operationalisation of MIP, domestic hot-rolled coil (HRC) prices have witnessed a sharp increase of about 25%

India targetting steel output of 300 mn tonnes: Vishnu Deo Sai

According to World Steel Association (WSA), India already occupies the third spot, with a production of 89.4 MT in 2015

Global steel oversupply must be urgently addressed: G7 leaders

Angry steel manufacturers have urged EU, the second-biggest steel producer, to follow US in punishing China with harsh tariffs

China's top 10 steel mills controlled 34.2% of total capacity at end-2015

The largest 10 mills controlled 48.6% of total capacity at the end of 2010

APL Apollo Tubes to set up manufacturing plant in Chhattisgarh

To be built with an investment of Rs 75 crore, the plant will manufacture galvanised steel tubes, hollow section and galvanised sheets having a total capacity of 60,000 MTPA

Mixed picture in steel output last year

Tough market conditions saw a drop in capacity utilisation for RINL, JSW Steel and JSPL in 2015-16.

Capacity utilisation falls for RINL, JSW Steel and JSPL

However, Tata Steel, Essar Steel and SAIL showed an improvement in the ratio of actual production to their total working capacity

For steel, March quarter good, next even better

Realisations, volumes, and profits will improve in March quarter; next quarter may be stronger

4 reasons why Credit Suisse sees the tide turning for Indian steel sector

Markets, too, seem to have taken a note of the changing dynamics in the metals sector, with the Nifty Metal index outperforming the markets with a rise of 24% in the past two months

Hiking steel prices not enough for SAIL's turnaround: Report

Fall in steel prices since Jan'15 led to EBITDA losses for SAIL during the period & consequent worsening of its credit metrics

US lashes out at China for global steel market crisis

The US steel industry is in a crisis driven in large part by global excess capacity

Steel firms seek more duties on import

They also asked the government to also impose anti-dumping duty and countervailing duty on selected products

India sets new steel quality standards; auto-grade imports exempt for 6 months

Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea

Steel imports have come down by 1/4th against FY15: Steel Ministry

Global downturn led to countries including China dumping cheap steel in India, which has impacted the sales and profits of the companies

Steel consumption drops in Feb, first time in 3 months

Steel consumption fell 15.5% to almost 6 mt from the preceding month in Nov, but rose 11.2% from a year earlier