Page 10 of Steel

Sharp fall in metal prices may spur consumption; Producers’ margins to be hit

Between March 31 and May 12, aluminium prices have fallen by 21% in the LME, copper by 10%, zinc by…

May 16, 2022 05:45 IST

Steel firms’ operating margin to fall by 500 bps, says Crisil

Steel firms would still ‘generate healthy cash flows’ as operating rates are expected to be highest in the past five…

April 30, 2022 01:30 IST

Production-linked incentive: Steel PLI application deadline likely to be extended, again

As such, the release of the incentives under the scheme will start from 2024-25 instead of 2023-24 proposed in the…

April 27, 2022 06:20 IST

Rates of another important input, ferro silicon, have jumped from Rs 100 to more than Rs 250 in the past 4-5 months, he added.

Raw material price hike forces foundry industry to curtail production

Three important centres for the foundry industries, including Kolhapur, Belgaum and Rajkot have cut production by 50%, claimed Devendra Jain,…

April 16, 2022 02:30 IST

While forging companies, especially those in the small and medium segment, are likely to see a 50% drop in production in FY23, the foundry industry is also under stress, with 80 out of 500 units in West Bengal having closed already, according to industry executives.

Rising input costs: Foundry and forging units head into crisis

OEMs have tried to pass on the cost increase to end consumers, but this has led to dampening of demand,…

April 11, 2022 03:15 IST

Steel companies see robust demand in FY23

During April-February, India exported around 13 MT steel while its imports were 4.3 MT.

April 6, 2022 05:15 IST

The proposed policy of the government on secondary steel producers is likely to address some of the issues impeding their operations.

Ambitious capacity-expansion target: Govt formulating policy for secondary steel units

The decline in downstream steel units’ share in production is primarily because of constant decline in their capacity utilisation level.

April 5, 2022 04:10 IST

The move is akin to that of other steel manufacturers who are betting big on captive ports and shipping to reduce logistics costs.

Saving on logistics costs: Steel companies betting big on captive ports, shipping

JSW Steel moves nearly 4 tonne of inputs — coking coal, iron ore, thermal coal and limestone, among others —…

April 4, 2022 05:45 IST

Steel, fuel prices to impact domestic steel demand in coming quarters: SteelMint

Steel prices in India are trading at an all-time high. While hot-rolled coil (HRC) is quoting in the range of…

March 31, 2022 11:07 IST

Data monitor: Steel prices feel the heat of Ukraine war

Steel prices are expected to rise further – as the hikes so far are insufficient to cover inflation in raw…

March 29, 2022 00:15 IST

Steel capacity addition: New target 500 mtpa by 2047

The 300-mtpa production capacity was set out under the National Steel Policy (NSP), unveiled in 2017.

March 28, 2022 06:30 IST

PLI for specialty steel: Firms can apply till April 30

The objective of the PLI scheme is to promote manufacturing of specialty steel grades within the country and help the…

March 28, 2022 05:45 IST

Urgent need to move towards green steel: Steel minister Ram Chandra Prasad Singh

Speaking during the day-long National Conference on ‘Making India Atmanirbhar in Steel – Role of Secondary Steel Sector’, Singh said…

March 27, 2022 20:19 IST

Tata Steel, JSPL target prices cut by Kotak Securities, cites macro uncertainty amid Russia-Ukraine war

Commodity prices have skyrocketed in recent weeks, helped by the Russian invasion of Ukraine. The Nifty Metal index has zoomed…

March 16, 2022 14:44 IST

"With the signing of this CEPA agreement, there will be further cooperation and collaboration between steel manufacturers of both countries and this will be a win-win (situation) for both," he said.

Reprocessing scrap will boost India’s steel production: Union Minister Ram Chandra Prasad Singh

Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier…

March 12, 2022 17:42 IST

Recycling rate of metals in India way below the global benchmark

India is now the world’s second largest steelmaker with 2021 production up 17.8% to 118.1 million tonne (MT).

March 5, 2022 09:30 IST

Ukraine war big chance for Indian steel companies to sell more to Europe, MENA nations: VR Sharma, MD, JSPL

Russia exports around 20 million tonne of steel per annum and Ukraine too has a similar level of exports. That…

March 4, 2022 01:00 IST

Stainless Steel is metal for ‘Nation building’; govt needs a vision document for stainless steel growth

Stainless steel is increasingly being used across industries. For instance, it is already making its presence felt in architecture, building…

February 18, 2022 15:22 IST

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