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Steel News

Coal Crisis: कोयले की किल्लत से स्टील और एल्यूमीनियम इंडस्ट्री की हालत खराब, FMCG प्रोडक्ट्स से लेकर गाड़ियां तक होंगी अब और महंगी

फेडरेशन आफ इंडियन मिनरल इंडस्ट्रीज ने कोयला मंत्रालय को लिखे अपने पत्र में कहा है कि कोयले की सप्लाई में…

Updated: October 9, 2021 12:53 pm

Steel prices down from historical highs

But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.

Updated: August 9, 2021 12:31 am

PLI for specialty steel: Govt expects robust response from large firms

“As the scheme would be fund limited, in case the company fails to meet the committed threshold in any given…

Updated: July 31, 2021 1:56 am

Core Sector Performance : कोर सेक्टर का कमजोर प्रदर्शन, दो महीने डबल डिजिट ग्रोथ के बाद जून में सिर्फ 8.9 फीसदी की बढ़त

जून महीने ( 2021) में आठ कोर सेक्टर के उत्पादन में कमजोरी दर्ज की गई. जून महीने में इसमें 8.9…

Updated: July 30, 2021 7:05 pm

Eight core sectors’ output up 8.9 pc in June

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by…

Updated: July 30, 2021 6:58 pm

Ram Chandra Prasad Singh, steel minister

Specialty steel PLI scheme to help save forex: Steel minister Ram Chandra Prasad Singh

The project monitoring agency within the ministry will be appointed in the next few days and detailed guidelines will be…

Updated: July 29, 2021 12:44 am

एक्सपोर्ट छूट के खात्मे से इंटरनेशनल मार्केट में कमजोर पड़ सकती हैं चीनी स्टील कंपनियां, भारतीय कंपनियों को होगा फायदा

चीन के बाहर की स्टील कंपनियों के लिए बढ़िया मुनाफा कमाने का मौका है. अंतरराष्ट्रीय मार्केट में स्टील के दाम…

Updated: July 21, 2021 5:48 pm

No plan to undermine Bengal SAIL units: Union steel minister Dharmendra Pradhan

In his letter to Pradhan, Mitra had written, “I am deeply apprehensive that these two massive plants in Bengal would…

Updated: June 18, 2021 2:34 am

The agreement will enable India to secure international market for its ores and ensure stable economic ecosystem which provides direct and indirect employment in mining, logistics and related sectors.

Iron ore exports: India puts an end to decades-old pacts with Japan, Korea

Supply shortage of the key steel-making raw material in the domestic market is due to truncated production in Odisha as…

Updated: June 18, 2021 1:19 am

Large steel players made gains in FY21

Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their…

Updated: June 14, 2021 12:34 am

IPO Market : आईपीओ से पहले ही ग्रे मार्केट में 43 फीसदी चढ़े Shyam Metalics के शेयर, क्या आपको निवेश करना चाहिए

श्याम मेटलिक्स 909 करोड़ रुपये का आईपीओ ला रही है. श्याम मेटलिक्स के शेयर का इश्यू प्राइस 306 रुपये है…

June 10, 2021 1:10 pm

Consequently, crude steel production at 7.96mnt (up 142% y-y) was down 21% m-m in April.

Steel prices at historical highs despite Covid

Steel consumption at 6.72mnt in Apr-21 was down 26% m-m (up 516% y-y) due to demand in key segments like…

Updated: May 24, 2021 1:51 am

Nifty Metal index up 62% since February as steel prices soar; check top stock to buy now

Even the second wave of the coronavirus pandemic has failed to clamp down on the rally in the metal index.

May 4, 2021 11:14 am

Jindal Steel and Power share price jumps 9% so far this week; steel cycle could help extend rally

Jindal Steel and Power share price up 9% so far this week while benchmark indices continue to remain range-bound.

Updated: April 23, 2021 10:57 am

Steel prices likely to go up again in April

While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up…

Updated: April 4, 2021 11:37 pm

Steel industry in China has performed well in the Covid 19 pandemic year with a 5.2% rise in production (@1053MT) in 2020 and a projected growth of 8% in steel consumption at 980.1 MT, according to WSA.

Raw material and finished goods — changing dynamics amid climate push

Current projections uniformly expect a contraction of demand and production in China in 2021. If this takes place, it would…

Updated: April 3, 2021 12:04 am

Reduction in duty could reduce steel prices by up to 10% in near term: Icra

In her Budget Speech on Monday, Finance Minister Nirmala Sitharaman announced reducing the duty to 7.5 per cent on products…

February 5, 2021 9:40 pm

Realty firms may witness margin shrink by 4-6pc due to steel price rise

Real estate industry body Credai Bengal president Nandu Belani said the spurt in steel prices will reduce the margin by…

January 5, 2021 4:58 pm

This would also be the second set of coal assets to be auctioned off through the new market-determined revenue share model that replaced the fixed fee/tonne regime that had earlier turned off private investors.

लगातार 9वें माह कोर इंडस्ट्री सुस्त, नवंबर में 2.6% गिरा उत्पादन

इसकी प्रमुख वजह प्राकृतिक गैस, रिफाइनरी प्रॉडक्ट्स, स्टील और सीमेंट के उत्पादन में कमी रही.

Updated: December 31, 2020 7:57 pm

Union Budget 2021, Budget 2021 Expectations, Stainless steel industry seeks zero duty on ferro-nickel, scrap in upcoming Budget 2021-22

Budget 2021 Expectations: फेरो निकेल और स्टेनलेस स्टील स्क्रैप पर शून्य हो इंपोर्ट ड्यूटी: स्टेनलेस स्टील इंडस्ट्री

फिलहाल फेरो-निकेल और स्टेनलेस स्टील कतरन पर मूल सीमा शुल्क 2.5 फीसदी है.

Updated: December 20, 2020 5:40 pm

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Steel Photos

The output of eight core infrastructure industries shrank by 6.5 per cent in March due to coronavirus lockdown

Lockdown Impact: मार्च में कोर सेक्टर को तगड़ा झटका, उत्पादन 6.5% गिरा

फरवरी में कोर सेक्टर की ग्रोथ 11 माह के उच्च स्तर 5.5 फीसदी पर थी.

Updated: April 30, 2020 5:54 pm

Nirmala Sitharaman, steel industry, federation of industries in india, protection of steel, steel authority of india, tata steel

Steel processing industry says import safeguards one-sided

The protection provided by the government to the domestic steel producers is one-sided.

Updated: June 12, 2016 1:45 pm

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…

June 9, 2016 10:35 pm

Vehicle policy, Delhi pollution, air pollution, Voluntary Vehicle Fleet Modernisation Programme (V-VMP), Medium and Heavy commercial vehicles

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…

June 5, 2016 10:41 am

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…

May 26, 2016 1:02 pm

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…

Updated: April 27, 2016 12:27 am

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…

Updated: April 8, 2016 11:46 am

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…

Updated: March 29, 2016 2:15 am

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…

Updated: March 22, 2016 10:26 pm

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…

Updated: March 14, 2016 11:11 pm

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…

Updated: March 8, 2016 11:58 pm

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…

Updated: February 26, 2016 11:21 pm

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…

February 8, 2016 12:55 pm

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…

January 29, 2016 9:23 pm

jindal steel, metal stocks, vedanta, tata steel

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.

January 27, 2016 2:29 pm

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”…

January 26, 2016 6:58 pm

Allow steel industry to participate in all infrastructure projects

The steel industry would need a commitment from the government to get it involved in all the new investment projects…

Updated: January 25, 2016 11:37 pm

Govt yet to decide on MIP for steel

The government hasn’t yet decided on whether to fix a minimum import price (MIP) for steel, as it is in…

January 19, 2016 1:31 am

Steel prices remain flat in thin trade

There was not much activity at the wholesale steel market in the national capital on Saturday as prices moved in…

January 17, 2016 1:54 am

Govt may set up funding agency for steel sector

Proposed entity could have an initial corpus of Rs 2,500 crore

January 14, 2016 12:57 am

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Steel Videos

Current scenario needs steel awareness campaign

More than the demand growth, the steel industry in the country has to counter the declining trend in steel intensity…

Updated: January 12, 2016 11:15 pm

Ministry to propose increasing peak customs duty on steel to 25%

Going ahead with industry’s persisting demand for reining in the rising imports at predatory prices, the steel ministry will propose…

Updated: January 12, 2016 8:03 am

Govt not ‘rushing into’ fixing minimum import price for steel

India would not rush to impose minimum import price (MIP) for steel to rein in the growing inward shipments from…

Updated: January 9, 2016 11:21 am

Steel: A longer data series of minimum 10 years is needed

For the iron and steel sector, the intelligent assessment to capture the performance of SMEs is being done by JPC…

Updated: January 4, 2016 10:46 pm

Steel consumption in manufacturing needs to rise significantly

As regards the steel industry, the demand from various end user segments is subdued. One of the major factors responsible…

Updated: December 28, 2015 10:41 pm

Steel-user units worried over imposition of MIP

Reckon that floor price would result in a spurt in steel prices

Updated: December 27, 2015 11:48 pm

Govt may fix minimum import price for steel products this week

Ministries of Commerce and Steel are close to finalising the minimum import price of about 30-35 steel products, which is…

December 13, 2015 4:02 pm

Govt likely to restrict steel imports to India to one port

Sources in the steel ministry said since the idea is to make imports costlier, Mundra in Gujarat might be the…

Updated: December 9, 2015 2:50 pm

Govt ready to impose more curbs on steel imports

Government is readying to impose more curbs on steel imports, including introducing a safeguard duty, after a 20 percent import…

December 8, 2015 8:27 pm

‘Indian steel firms to do better than Asian peers’

While profitability of other Asian steel companies will continue to decline, Indian steelmakers will remain better off, thanks to relatively…

November 26, 2015 1:18 am

Policy initiatives can promote steel consumption in India

The latest casualty in the falling prices category happens to be scrap.

Updated: October 29, 2015 2:14 am

Country’s steel production falls 3% amid marginal rise in demand

With a 30% drop in state-run SAIL’s finished steel outut, domestic production of the alloy fell an annual 3% to…

Updated: September 17, 2015 1:02 am

Safeguard duty for steel sector a right move

Now that the government has appreciated the difficulties faced by steel industry from the alarming threat of rising imports…

Updated: September 15, 2015 10:35 am

Govt imposes 20% safeguard duty on select steel products

Government today imposed provisional safeguard duty of 20 per cent on import of certain categories of steel with a view…

Updated: September 14, 2015 10:05 pm

Commerce department: Steel trade trend not harmful

In the first quarter of this year, steel imports have increased at a brisker pace than exports but it is…

Updated: September 5, 2015 4:11 am

India to auction 20 major iron ore mines to revive industry

Once the world’s third-biggest iron ore exporter, India now imports the steelmaking ingredient due to a court-led crackdown on illegal…

August 26, 2015 8:58 am

Tariff raised but industry steels for tough times

The 2.5-percentage-point increase in import duty on a slew of steel items announced by the government would not have a…

August 13, 2015 1:46 am

Traders urge govt to withdraw steel Quality Control Order

The small and medium steel manufacturers today urged the government to withdraw the proposed steel and steel products Quality Control…

Updated: July 12, 2015 7:55 pm

Steel firms face furnace of costs, prices, imports

With an exposure of close to $50 billion, India’s banks have a lot riding on the country’s steel companies.

July 9, 2015 1:51 am

Steel companies with Rs 1,96,000 crore debt stare at default

Banks’ exposures to stressed domestic steel companies are at 10-30% of net worth.

July 4, 2015 8:35 am

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