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.
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).
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
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
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
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
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
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
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.
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 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 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.
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
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
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....
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.
Going ahead with industry's persisting demand for reining in the rising imports at predatory prices, the steel ministry will propose for hiking the peak customs duty...
India would not rush to impose minimum import price (MIP) for steel to rein in the growing inward shipments from China, South Korea, Japan and Russia among others...
For the iron and steel sector, the intelligent assessment to capture the performance of SMEs is being done by JPC and over the years this data is used for taking relevant policy decisions