Page 8 - Steel

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.

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