Steel

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.

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

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 year, it will not receive any benefits for that year.

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 फ

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 12.4 per cent in June 2020 due to the lockdown restrictions imposed to control

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 issued without any delay.

Ram Chandra Prasad Singh, steel minister

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 either be asset stripped or be sold off in the name of disinvestment, having crippled them through the cur

Terming the difficulties mentioned by Mitra in his June 15 letter as “perceived”, Pradhan said, “DSP and ISP are two of the prestigious plants on which SAIL has made large investments.”

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 a result of output stoppage from a number of merchant mines as their leases expired.

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.

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 portfolio.

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 प्राइ

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 auto and consumer durables being hit.

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

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.

Steel stocks, Nifty metal

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 price

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.

steelmakers

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.

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.

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

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

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.

real estate margin shrink steel prices

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

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.

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.

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

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.

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

Steel processing industry says import safeguards one-sided

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

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

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).

Steel

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

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

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.

China

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

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