Page 7 of Steel industry

Steel exports had reached a record high of 18.3 MT last fiscal. However, it will continue to see momentum because…

June 20, 2022 15:58 IST

Steelmakers are also exploring the possibility of switching to export of value-added/ alloy steel categories which are out of the ambit of duties as well, said Jayanta Roy, Sr VP and Group Head, corporate sector ratings, ICRA.

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…

June 17, 2022 06:15 IST

“Anticipation of a further price decline has kept the buyers on the sidelines both in India and abroad,” said Kalpesh Padhiar, an analyst in SteelMint.

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…

June 16, 2022 01:15 IST

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…

June 15, 2022 12:26 IST

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…

Updated: June 14, 2022 09:14 IST

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.

June 7, 2022 04:15 IST

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…

May 31, 2022 00:30 IST

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…

May 25, 2022 11:05 IST

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…

May 25, 2022 00:40 IST

steel stocks, export market, stock market, BSE metal index,

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…

May 24, 2022 05:30 IST

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…

May 23, 2022 20:05 IST

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.

Updated: May 23, 2022 09:13 IST

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…

May 22, 2022 15:52 IST

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…

May 16, 2022 05:45 IST

However, India Ratings and Research (Ind-Ra) has maintained a "neutral outlook" on the steel sector for FY23 in view of high raw material inflation that would result in elevated prices and moderation of volume and margin.

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…

May 6, 2022 18:09 IST

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…

April 30, 2022 01:30 IST

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…

April 27, 2022 06:20 IST

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.

April 20, 2022 01:45 IST

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