Steel
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.
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.
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 ~42% on a y-o-y basis.
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 cause significant flutter in the trading price of iron ore.
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 like primary/semi-finished products of non-alloy steel, long products of non-alloy, stainless and all
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 4-5 per cent, which is quite high for the sector.
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 कम
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.
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.
Steel processing industry says import safeguards one-sided
The protection provided by the government to the domestic steel producers is one-sided.
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).
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
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.
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
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
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 safe
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
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
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.
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...
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.
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.
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.
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 annou
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 matching its capacity in volume, quality, prices and service delivery
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 the process of assessing arguments of various stakeholders....
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 a narrow range in limited deals and settled around previous level.
