Steel firms’ operating margin to fall by 500 bps, says Crisil Steel firms would still ‘generate healthy cash flows’ as operating rates are expected to be highest in the past five… 4 years agoApril 30, 2022
Production-linked incentive: Steel PLI application deadline likely to be extended, again As such, the release of the incentives under the scheme will start from 2024-25 instead of 2023-24 proposed in the… 4 years agoApril 26, 2022
Jack up capacity by 80%, steel ministry tells public sector units The NSP 2017 aims at taking the country’s steel-making capacity to 300 mtpa by 2030-31. 4 years agoApril 19, 2022
JSPL’s steel production rises in March quarter Its sales also registered a growth of 8 per cent at 2.07 Million Tonnes (MT) in the January-March period, according… 4 years agoApril 18, 2022
Raw material price hike forces foundry industry to curtail production Three important centres for the foundry industries, including Kolhapur, Belgaum and Rajkot have cut production by 50%, claimed Devendra Jain,… 4 years agoApril 15, 2022
At 7.5%, India’s steel demand in 2022 to be highest among major consumers WSA, whose members produce 85% of the global steel, in its short-range outlook forecasted India’s steel demand at 114 million… 4 years agoApril 15, 2022
Steel PLI scheme gets 27 registrations, three applications “We are getting a good response and all of them are secondary players,” additional steel secretary Rasika Chaube said, but… 4 years agoApril 13, 2022
Steel companies see robust demand in FY23 During April-February, India exported around 13 MT steel while its imports were 4.3 MT. 4 years agoApril 5, 2022
Ambitious capacity-expansion target: Govt formulating policy for secondary steel units The decline in downstream steel units’ share in production is primarily because of constant decline in their capacity utilisation level. 4 years agoApril 4, 2022
Steel capacity addition: New target 500 mtpa by 2047 The 300-mtpa production capacity was set out under the National Steel Policy (NSP), unveiled in 2017. 4 years agoMarch 28, 2022
PLI for specialty steel: Firms can apply till April 30 The objective of the PLI scheme is to promote manufacturing of specialty steel grades within the country and help the… 4 years agoMarch 28, 2022
Urgent need to move towards green steel: Steel minister Ram Chandra Prasad Singh Speaking during the day-long National Conference on ‘Making India Atmanirbhar in Steel – Role of Secondary Steel Sector’, Singh said… 4 years agoMarch 27, 2022
Reprocessing scrap will boost India’s steel production: Union Minister Ram Chandra Prasad Singh Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier… 4 years agoMarch 12, 2022
Steel prices will continue to move up as Ukraine-Russia conflict hits supply chain, says source The prices in the international market have moved up by around USD 135 a tonne and are moving up since… 4 years agoMarch 8, 2022
Steel prices jump up to Rs 5,000 per tonne as supply chains hit amid Russia-Ukraine conflict “The war is impacting the supply chain at the international level leading to an increase in input cost. Coking coal… 4 years agoMarch 4, 2022
Russia-Ukraine war impact: Indian steelmakers set to make the most of alloy’s global price rally Additionally, Indian steel units could get a fair share of the global markets ceded by Russia and Ukraine, particularly the… 4 years agoMarch 4, 2022
Ukraine war big chance for Indian steel companies to sell more to Europe, MENA nations: VR Sharma, MD, JSPL Russia exports around 20 million tonne of steel per annum and Ukraine too has a similar level of exports. That… 4 years agoMarch 3, 2022
Stainless Steel is metal for ‘Nation building’; govt needs a vision document for stainless steel growth Stainless steel is increasingly being used across industries. For instance, it is already making its presence felt in architecture, building… 4 years agoFebruary 18, 2022
JSW Steel Q3 profit surges to Rs 2415 crore on strong demand; Q3 crude steel production at 6.87 million tonnes
