Page 7 - Steel

Vedanta looks to focus on long product steel with upcoming capacity

Firm will enhance facilities to high carbon electrical steel, other value added products. It is working to double capacity to 3 million tonnes for which it has invested Rs 3,000 crore

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22

Rising global steel prices may tone down a bit as supply eases:CARE Ratings

Led by China and India, world steel production grew 15% YoY during the first five months of CY21

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

Tata Steel April-June crude steel output up 55% YoY to 4.62 million tonnes

Production falls sequentially as company diverts industrial oxygen for medical use

Steel companies negotiate 10-16% price increase for auto manufacturers

While some mills have finalised contracts, others hope to close by month-end. Deals are for April-June quarter

Top headlines: Steel leads in capacity expansion, GCCs bet on Indian talent

Business Standard brings you the top headlines on Monday

Metal stocks could correct soon but remain a medium-term buying opportunity

All the base metal stocks could see deeper corrections, but a strong global economy may make this a medium-term buying opportunity

Steel firms expect pick-up in domestic demand from July, led by auto sector

Housing sector demand yet to get back with construction activity being impacted by lockdowns and migration of workers

Large steel mills grow larger on improved supply-chain efficiencies: Crisil

Market share gain, deleveraging makes room for capex revival

Swraj Paul's Bull Moose Tube Co to build 350,000-tonne pipe mill in the US

The mill will be set up at an investment of $200-250 million

Possible gas leak caused death of 4 workers at Rourkela Steel plant

The deaths of the four workers in the "suspected gas leakage" incident at the coal chemical unit of Odisha's Rourkela Steel Plant in Odisha was possibly due to exposure to a pocket of toxic gas

SAIL turnaround most challenging phase in 36-yr career: Outgoing chairman

The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing Chairman of the country's largest steel maker

Maruti to increase car prices from Jan as raw material gets costlier

Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year

Domestic steel industry seeing demand recovery with easing of curbs: Icra

Performance of mills, especially blast furnace players, is expected to make healthy rebound in Q2, supported by rising capacity utilisation, successive steel prices hikes and low input costs

JSW Steel output grows 5% in August to 1.31 million tonnes

JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 1.3 million for August 2020

JSPL consolidated steel sales up by 38% in August at 836,000 tonnes

With 836,000 tonnes sales during August against 606,000 tonnes in the corresponding period of the previous year

Chhattisgarh CM urges PM to reconsider Nagarnar steel plant privatisation

Chhattisgarh Chief Minister Bhupesh Baghel has written to Prime Minister Narendra Modi, urging him to revisit decision on privatisation of NMDC's under-construction steel plant in Nagarnar, Bastar

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

JSPL beats the trend, reports 12% rise in Q1 Steel Sales amid Covid-19

Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic.