Page 5 - Steelmakers

Duty cut on steel products to exert near-term pressure in Indian cos: Icra

Decision will make imports competitive, Chinese firms may gain

Steelmakers write to PMO defending price hike, demand iron ore export ban

A steel producers' body has written to PM Modi, explaining that the metal price hike was due to surging raw material costs

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

Selling few iron ore blocks infrequently creates artificial deficit: Jindal

Says people end up paying a huge premium and then the assets become unsustainable

Steel makers raise prices by Rs 1,200 per tonne on demand uptick

Prices are now closer to peak levels of 2018

Swedish steelmaker SSAB looking at merger of Tata Steel Europe business

Steel producers in Europe are under pressure to consolidate, having been battered by weaker demand and global overcapacity

Liberty Steel restarts production at Adhunik facility, restores 1,500 jobs

Adhunik will transition into GREENSTEEL - a model combining steel recycling with low carbon and renewable power sources - to create a more sustainable competitive operation

Indian steelmakers turn net exporters to China in April-Aug: Crisil

Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

NMDC Nagarnar steel plant faces delays in commissioning due to Covid-19

It is an ambitious project of the country's largest iron ore miner as it would mark NMDC's foray into the growing domestic steel sector.

FY21 operating margins of Indian steelmakers to fall 200 bps to 15%: Crisil

Companies better placed to ride out slowdown now, than in previous downturn of 2016

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Domestic steelmakers raise product prices for a second straight month

While steel producers expect the market to embrace price hike, industry officials are of the view that the consumer is not ready and continuous hikes of this kind may not be sustainable

Steel makers hopeful of 300 million tonne production target by 2030

Steel makers on Thursday expressed hope that the sector will achieve the target of 300 million tonne production by 2030, if certain impediments on raw materials, finance and logistics are addressed. "I am confident that India will achieve the aim by 2030. Domestic demand will grow... India will become exporters of steel," Steel Authority of India's Bhilai plant CEO Anirban Dasgupta said. He was speaking at a steel seminar on 'Roadmap for 300 Million Tonne Vision 2020' here. Shyam Steel Director Manish Beriwala, not undermining the potential of the steel sector, highlighted concerns about capital costs that is the "highest in India", and the need for funds at competitive rates. The country requires about Rs 13 lakh crore and 600 million tonne of raw material to meet the target, said Harvinder Singh, president and SBU head - Sales & Marketing, Jindal Steel & Power Ltd. Beriwala said the government should focus on inland waterways, as well as the National Mineral ...

Why the world needs to cut back on production capacity of steel plants

China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India

Steelmakers face debt challenges amid falling prices, slowing consumption

Domestic steel consumption in September was at its lowest since the start of the fiscal year 2019/20, according to official data

Non-integrated steelmakers set to pay 15-20% more for iron ore from FY21

Bereft of captive iron ore resources, the non-integrated producers bank on merchant supplies to sustain their operations

Beleaguered steel firms see ground for 35% cut in iron ore prices

Prices of finished steel products tumble 10-25% since January

Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand

Better days ahead for steelmakers