Domestic steel majors cut production as demand falls Analysts believe domestic steel prices are set to correct further as buyers are in wait and watch mode, hoping prices… 3 years agoJune 27, 2022
Metals meltdown: Fears of a global slowdown see prices tumbling While prices recovered slightly thereafter, commodity experts believe there is room for a downslide and forecast another 20% fall. 3 years agoJune 27, 2022
Metals: Asset valuations are seeing recalibration Flux in liquidity and rate changes responsible for it; APL Apollo preferred pick; Nalco downgraded to ‘Sell’ 3 years agoJune 20, 2022
Duty-related measures to slash steel exports from India by 40 pc in FY23 Steel exports had reached a record high of 18.3 MT last fiscal. However, it will continue to see momentum because… 3 years agoJune 20, 2022
Imposition of export duty: ICRA says steel shipments to fall by a quarter in FY23 “The government’s recent announcement of 15% export duty on various finished steel products covers over 95% of India’s finished steel… 3 years agoJune 17, 2022
Analysts see steel prices dropping further on stagnant demand However, as a fall-out of the Russia-Ukraine war that started in late February, domestic steel prices started falling after reaching… 3 years agoJune 15, 2022
JSW Steel crude steel production in May jumps 31 per cent The flagship company of the USD 22 billion JSW Group stated that production of flat-rolled products also expanded by 29… 3 years agoJune 15, 2022
Metal prices fall from April highs, but volatility sticky Analysts say though some correction was due after the rally caused by the geopolitical turbulence, metal prices are likely to… 3 years agoJune 14, 2022
Indian steel industry to remain stable despite challenges: Chandrasekaran During the year, the company achieved a complete separation of its UK and Netherlands operations in October 2021. 3 years agoJune 6, 2022
JSW Steel to expand capacity to 36 mtpa, invest Rs 20,000 crore Of the total capex for the year, JSW Steel will invest about Rs 3,400 crore for expansion of its greenfield… 3 years agoMay 30, 2022
AMNS India announces Rs 1,000 crore additional investment in AP to expand Vizag pellet plant capacity “ArcelorMittal Nippon Steel India has confirmed a proposed investment of Rs 1,000 crore towards brownfield expansion of its Vizag pellet… 4 years agoMay 25, 2022
JSW Energy, JSW Steel to seek approvals for fundraising JSW Energy will seek shareholders’ approvals to raise up to `5,000 crore through various modes, which would be used to… 4 years agoMay 24, 2022
Steel stocks tumble on export tax While the new impost is aimed at curbing rising prices of the alloy and boost its availability and consumption in… 4 years agoMay 23, 2022
Domestic steel industry hit by moving train: Icra on govt’s duty-related measures On Saturday, the government hiked the duty on exports of iron ore by up to 50 per cent and a… 4 years agoMay 23, 2022
Input duty cuts will spur demand, say real estate, auto, plastic units The tax reliefs, aimed at curbing inflation, would pep up demand for their goods, they said. 4 years agoMay 23, 2022
Export duty hike on steel items to hit PLI scheme projects, says industry body The Indian Steel Association said the industry welcomes the removal of import duty on coking coal and few other input… 4 years agoMay 22, 2022
Sharp fall in metal prices may spur consumption; Producers’ margins to be hit Between March 31 and May 12, aluminium prices have fallen by 21% in the LME, copper by 10%, zinc by… 4 years agoMay 16, 2022
Domestic steel outlook firm amid concern of global steel demand contraction Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes… 4 years agoMay 6, 2022
Steel firms may ward off import threat with higher tariffs; Minister says will ask finance ministry to raise duties to 10-12%
