Page 6 of Steel industry

Ministry wants 15% export duty on steel to stay till December

“In view of this, reduction in duty may be considered after stabilisation of the present volatile market condition, cooling of…

September 15, 2022 01:00 IST

Steel prices may remain under pressure

The price fall in the international market is mainly because of the subdued demand, particularly from China which accounted for…

September 3, 2022 02:05 IST

Steel prices, Steel prices in india, steel industry

Steel prices in India to remain under pressure over near future: Icra

The rating agency also expects the steel demand in the domestic market to grow at 7-8 per cent in the…

September 2, 2022 17:39 IST

Cut emissions by a third by 2030: Scindia to steel makers

Scindia said India has come a long way in the field of steel to become a net exporter of steel…

August 24, 2022 02:30 IST

Govt extends deadline to apply for steel PLI for sixth time

Coated products, high-strength steel, specialty rails, alloy steel products and electrical steel are the five broad target categories under the…

August 19, 2022 01:00 IST

Government extends deadline for PLI applications for specialty steel for fifth time

The government had last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in the…

August 18, 2022 15:33 IST

Steel players expect govt to withdraw export duty; to go ahead with capex plans

According to the steel ministry, the sector’s exports in FY22 increased by 25.1 per cent to 134.94 lakh metric tonnes…

August 7, 2022 13:12 IST

“Nothing under consideration as of now. However, the whole package will be reviewed at some point in time,” a senior official told FE.

No immediate review of export duties on iron and steel products

Steel exports, meanwhile, crashed to just 0.63 million tonne in June from 1.38 million tonne in May and 1.47 million…

August 5, 2022 04:00 IST

Steel exporters’ tax burden may decline

The lifting of the export duty on HRC would help the industry to regain its lost market in the international…

July 20, 2022 05:30 IST

Jindal Steel and Power rating: Reduce | Realisations give earnings a boost

Steel price correction likely to keep margins under pressure; ‘Reduce’ retained with target price of Rs 360.

July 19, 2022 00:10 IST

Tata Steel CEO and managing director TV Narendran said “it looks like prices have bottomed out”. ArcelorMittal-Nippon Steel India’s chief marketing officer Ranjan Dhar said the prices have hit the cost level of the mills and there is no headroom for it to go further down.

Steel prices have hit the bottom, says industry

Iron ore is an important raw material for steelmaking, requiring about 1.5-1.6 tonne of the raw material to produce every…

July 9, 2022 05:45 IST

Tata Steel Q1 deliveries fall close to 2.2% to 4.06 MT

Tata Steel Aashiyana’s (e-commerce platform for individual home builders) revenue grew 77% y-o-y to Rs 457 crore.

July 6, 2022 00:55 IST

Govt directs steel industry to draw time-bound action plan to lower CO2 emissions

According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon…

July 4, 2022 13:16 IST

The cabinet approved the scheme on July 22, 2021, and it was notified on July 29. At the very outset, the application window was kept open for three months from December 29. But in between, the scheme guidelines were modified partly following consultation with the industry. These modified guidelines are yet to be approved and finalised.

Production-linked incentives: Deadline to apply for specialty steel PLI extended to July 31

Sources said a delay in the preparation of final guidelines under the scheme has been instrumental for repeated extensions.

July 1, 2022 03:00 IST

Specialty steel: Govt extends deadline to apply for PLI scheme fourth time till July 31

Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme…

June 30, 2022 11:52 IST

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…

June 28, 2022 03:45 IST

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.

June 27, 2022 06:20 IST

The play to possible (future) removal of steel export duties (one-time uptick) shouldn’t take precedence over the cyclical bottom that’s taking shape currently.

Metals: Asset valuations are seeing recalibration

Flux in liquidity and rate changes responsible for it; APL Apollo preferred pick; Nalco downgraded to ‘Sell’

June 21, 2022 02:45 IST

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‘Benchmark yield seen easing to 6.15% within three months,’ Sandeep Yadav, DSP Mutual Fund

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Sandeep Yadav, head of fixed income at DSP Mutual Fund, predicts that the Reserve Bank of India’s accommodative stance, potential trade deal with the US, and reduced fiscal concerns will lead to a decrease in government bond yields. He advises investors to consider gilt funds to benefit from this trend.

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Page 6 of Steel industry

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