Page 8 - Steel

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Coronavirus disrupts supply chain, slows down domestic steel price rally

Manufacturers say some room to increase prices exists, as cost of coking coal, a key input, has gone up

Coronavirus: Oil holds steady even as outbreak continues to have impact

This comes a week after oil rose for the first time since early January on hopes that Chinese measures would lead to improving demand

How the coronavirus outbreak could kill steel's fragile recovery

Manufacturers globally are staring at slowdown as China halts construction activity

Metal companies may trim capex further to avert cash-flow mismatch

Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore

India exported 6.39 MT steel in 2018-19, down 34% from last year

Minister of Steel Dharmendra Pradhan said that in the next two-three years, India will be in a position to continue to remain the net exporter of steel for years

What made ArcelorMittal withdraw from buying Italy's steel firm Ilva

Here is an explanation of what has gone wrong and why the issue is so important for Italy

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

BSE ties up with Steel Users Federation of India for steel futures

This will bring in stability, avert risks and facilitate a level-playing field to one and all players, the bourse said in a release

India may remain net importer of steel for second consecutive year

A string of safeguard measures imposed on imported steel products by the EU, in the aftermath of the US import levies and escalating trade tensions, is believed to have dented Indian exports to the EU

Production of finished steel to decelerate to 3-4% in current fiscal

The gloomy outlook on finished steel output comes after five years of consecutive firm growth between FY15 and FY19

Steel pipe makers to gain as city gas distribution licenses favour welders

A Crisil report says CGD orders will need at least 10,000-15,000 km a year of pipes through fiscal 2029, entailing an opportunity of over Rs 5,000 cr a year over 10 years

Receding concerns to bring back spotlight on Indian steel players

With firm demand and better realisations outlook, analysts remain positive on the earnings potential of Indian steelmakers

Steel looks East for growth after global demand slumps; India gives it hope

Global demand remains tumultuous in the wake of US-China trade war and slowing car sales

India steel demand likely to exceed 7% in 2019, 2020: Global steel body

The WSA in its report said it forecasts that global steel demand may reach 1,735 million tonne (MT) in 2019, a rise of 1.3 per cent over 2018

Steel prices up Rs 1,700 per tonne, another Rs 2,000 hike on the cards

Moody's expects India's steel consumption to grow at 5.5-6% annually over the next one-two years

Steel industry's capital expenditure to rise to Rs 75,000 cr, says study

Capacity upgrade and freeing up of stress assets to drive investments, says ratings agency Icra

How China is dodging duty wall to continue dumping stainless steel in India

The country is routing its exports via Indonesia, where its firms have already installed 3 mn tonnes of capacity, which is twice the South-East nation's annual consumption

SAIL, RINL spent over Rs 1,000 cr on R&D in last 3 financial year: Minister

Steel PSUs Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd have spent a total of Rs 1,017.25 crore on research and development (R&D) activity in last three financial years, Parliament was informed Monday. R&D is an ongoing activity and steel companies in both private and public sectors are conducting research in iron and steel sector, Minister of Steel Chaudhary Birender Singh said in a written reply to Lok Sabha. Providing the details of steel PSUs, he said the R&D expenditure of Steel Authority of India Ltd (SAIL) between financial year 2015-16 to fiscal 2017-18 stood at Rs 951.93 crore. Giving further details he said, the R&D expenditure of SAIL for 2015-16 was at Rs 277 crore, for 2016-17 (Rs 339.43 crore) and 2017-18 (Rs 335.50 crore). Rashtriya Ispat Nigam Ltd (RINL) spent Rs 65.32 crore on R&D activity during the said period, the minister said adding Rs 21.74 crore was spent in 2015-16, Rs 23.52 crore in 2016-17 and Rs 20.06 crore in 2017-18. The .

Steel firms may drop prices of flat products by up to Rs 1,500 a tonne

Demand factor in India hasn't changed but it's the global phenomenon taking its toll on India