Steel
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Steel processing industry says import safeguards one-sided
The protection provided by the government to the domestic steel producers is one-sided.
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STEEL MIP on steel products: PMO to discuss with ministries
A final decision on the issue of extension of minimum import price (MIP) on 173 steel products will be taken after a detailed discussion with the Prime Minister’s Office (PMO).
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India’s steel demand indicators giving mixed signals: Analysts
Even as analysts are upbeat over the expected above normal monsoon and higher GDP growth, they have raised concerns over the slow pace of public and private sector projects and funding constraints, which they feel can have an adverse impact on the steel demand in India.
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China accuses US of hampering trade with steel duties
China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 per cent on Chinese steel.
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Steel MIP to remain for entire six-month term
Imposed in early February to rein in rising imports, the minimum import price (MIP) on steel will remain valid for the entire scheduled six-month term as domestic industry’s present overall situation, though improved, does not support any premature withdrawal of the trade remedial measure, sources in the steel ministry said.
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Steel firms unlikely to get financial package from govt
With the financial health of steel companies getting better, helped by lower imports and a spurt in demand, their plea for a comprehensive financial package is unlikely to be met
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Fresh demand needed to enable steel sector pay off loans
The precarious scenario on the loan repayment ability of steel producers has prompted the government to introduce a series of supporting measures in favour of the industry, like customs duty enhancement and imposition of safeguard duty of 20% on HRC
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Steel production falls 2.4% to 14.3 MT in January-February
During the whole of 2015, India’s steel production posted a positive growth of 2.6% to stand at 89.6 MT, even as there was a 2.8% decline in the average world output to 1,622 MT
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Steel price rise not sustainable without growth in demand
The steep rise in iron ore prices appears to be speculative and must come down in the coming days at least by $15-20/t as there is no appreciable increase in demand for the material
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Glimmer of hope for steel industry in coming financial year
One unique feature of this year’s Budget is that while it does not have a major direct impact on any particular industrial segment, almost all industry players are indirectly influenced by budgetary announcements.
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Forging industry demands transparency in steel pricing
The Association of Indian Forging Industry (AIFI), the apex body of the sector and a key player in the auto component manufacturing sector, has demanded transparency…
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Metal stocks: Tata Steel and SAIL shares gain over 4% after govt imposes MIP on 173 steel products
Metal stocks in India: Tata Steel and SAIL shares were trading in green on Monday after the government imposed a minimum import price (MIP) on 173 steel products ranging between $341 to $752 per tonne.
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JSW Steel Q3 consolidated net loss at Rs 923 crore
JSW Steel today reported consolidated net loss of Rs 923 crore in the third quarter of 2015-16 due to impairment charges of Rs 2,121 crore and fall in sales.
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No decision yet on minimum import price for steel
The government has not yet decided on fixing minimum import price (MIP) for steel, Commerce Secretary Rita Teaotia said today.
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Lakshmi Mittal firm mothballs Spanish steel plant
Leading NRI billionaire Lakshmi N Mittal’s ArcelorMittal has decided to mothball one of its plant in Spain, citing “extremely adverse” market conditions that have hit the European steel industry, a week after Tata steel announced over a 1000 job cuts in its plant in England.
