Page 8 of Steel industry

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

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…

April 18, 2022 12:36 IST

Rates of another important input, ferro silicon, have jumped from Rs 100 to more than Rs 250 in the past 4-5 months, he added.

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,…

April 16, 2022 02:30 IST

In 2023 also, India's steel demand growth will be the second highest at 6% after Germany which is likely to have a better 7.6% rate of growth in demand. Germany, however, consumes one-third of what India consumes annually.

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…

April 15, 2022 06:30 IST

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…

April 13, 2022 08:25 IST

Steel companies see robust demand in FY23

During April-February, India exported around 13 MT steel while its imports were 4.3 MT.

April 6, 2022 05:15 IST

The proposed policy of the government on secondary steel producers is likely to address some of the issues impeding their operations.

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.

April 5, 2022 04:10 IST

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.

March 28, 2022 06:30 IST

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…

March 28, 2022 05:45 IST

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…

March 27, 2022 20:19 IST

"With the signing of this CEPA agreement, there will be further cooperation and collaboration between steel manufacturers of both countries and this will be a win-win (situation) for both," he said.

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…

March 12, 2022 17:42 IST

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…

March 8, 2022 13:57 IST

According to industry sources, the prices have been increased in the past few days and are expected to go up further in the coming weeks with the crisis deepening between the two countries.

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…

March 4, 2022 17:11 IST

In the case of hot rolled coil (HRC), for instance, the gap is now Rs 10,000/a tonne or 15%.

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…

March 4, 2022 05:00 IST

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