Steel industry

PLI for specialty steel: Govt expects robust response from large firms

“As the scheme would be fund limited, in case the company fails to meet the committed threshold in any given year, it will not receive any benefits for that year.

Specialty steel PLI scheme to help save forex: Steel minister Ram Chandra Prasad Singh

The project monitoring agency within the ministry will be appointed in the next few days and detailed guidelines will be issued without any delay.

Ram Chandra Prasad Singh, steel minister

India’s crude steel output grows 46.9 pc to 9.2 mn tonnes in May: worldsteel

China remained the global leader in the production of steel in May, registering 6.6 percent year-on-year growth in output at 99.5 MT during the month.

steel

Long-Term View: It is about creating more productive jobs, says CII’s new president TV Narendran

Government has done a lot on ease of doing business compared to what it was few years back, but effective tax rates in India are still very high. This is not just about corporate tax.

TV Narendran, MD &CEO Tata Steel

No plan to undermine Bengal SAIL units: Union steel minister Dharmendra Pradhan

In his letter to Pradhan, Mitra had written, “I am deeply apprehensive that these two massive plants in Bengal would either be asset stripped or be sold off in the name of disinvestment, having crippled them through the cur

Govt’s list for privatisation

IPO Market : आईपीओ से पहले ही ग्रे मार्केट में 43 फीसदी चढ़े Shyam Metalics के शेयर, क्या आपको निवेश करना चाहिए

श्याम मेटलिक्स 909 करोड़ रुपये का आईपीओ ला रही है. श्याम मेटलिक्स के शेयर का इश्यू प्राइ

Shyam Metalics grey market premium surges ahead of IPO; should you subscribe amid commodity cycle upswing?

Shyam Metalics and Energy share price in the grey market surged 43 per cent to Rs 436, ahead of its Rs 909-crore IPO, which opens next week on June 14.

Shyam Metalics IPO, Tata steel, initial public offer, grey market

Steel industry faces challenges to pursue growth with stability

Manufacturing for full FY21 grows by (-) 9.8% and IIP by (-) 8.6%. This may be compared to second advance estimates for GDP to de-grow by 8% in FY21.

Building roads at the rate of 40 km per day has been aimed during the current fiscal.

Steel makers raise prices by up to Rs 4,500 per tonne

Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices, which have gone up continually in recent times thanks to China limiting

Roy said the ongoing second wave of the coronavirus makes demand outlook somewhat uncertain in the first half of FY22 while exports remain a viable alternative available to leading steel makers in India.

Steel prices likely to go up again in April

While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis.

steelmakers

Why China slowdown can play spoilsport for India

In the first four months of the current year, China has produced 261 mt of crude steel, down 2.3% from last year

China, Steel Industry, Chinese influence on India, Chinese slowdown

What will brighten steel industry fortunes? Here’s a wish list

The steel ministry has recommended to the Prime Minister's Office (PMO) a host of measures aimed at brightening fortunes of the steel industry. The measures include extension of the minimum import price (MIP) for at least ano

steel

Vehicle policy to generate steel scrap worth Rs 11,000 crore per annum

Government's proposed policy to push 28 million decade-old polluting vehicles off the road would generate steel scrap worth Rs 11,500 crore annually, reducing import burden.

Vehicle policy, Delhi pollution, air pollution, Voluntary Vehicle Fleet Modernisation Programme (V-VMP), Medium and Heavy commercial vehicles

Iron ore exports face curbs as govt looks to protect crisis hit steel makers

Riding on robust Chinese demand, India's iron ore production and exports had peaked at 218.5 million tonnes (mt) and 117.4 mt, respectively, in 2009-10.

China, Steel Industry, Chinese influence on India, Chinese slowdown

Higher steel, cement power core sector growth

The government on Tuesday released data for core sector. Here are some highlights.

Will keep away from troubled sectors like steel for now: PNB

A week after reporting the worst set of numbers in the nation's banking history with a net loss of Rs 5,367 crore for the March quarter, Punjab National Bank today said it will be cautious on troubled sectors like steel till

Punjab National Bank, bse sensex

Steel imports rise by 26 per cent to 12 mn tonnes in FY’16

Steel imports increased by 25.6 per cent to 11.71 million tonnes in the last fiscal compared to 9.32 million tonnes (MT) in 2014-15.

steel companies stocks

Steel industry awaits investment growth push in Budget 2016

In India, finished steel consumption, which has been estimated at 81 MT in 2015, is envisaged to grow to 114 MT in 2020 and to 155 MT in 2025.

Tata Steel to axe 1,050 UK jobs as steel crisis simmers

Tata Steel Ltd said on Monday it would axe 1,050 jobs in Britain, a further blow for the beleaguered steel industry as it reels from falling European steel prices driven by a flood of cheap imports, mainly from China.

Tata steel bonus

SAIL Chairman C S Verma’s denied extension

SAIL Chairman C S Verma tenure will not be extended till his superannuation. He becomes the first 'Maharatna' PSU head to be denied extension during the current NDA regime.

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