Page 9 of Steel

Government extends deadline for PLI applications for specialty steel for fifth time

The government had last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in the…

August 18, 2022 15:33 IST

JSW Steel output rises 14% in July

The production of long-rolled products rose 19% to 3.65 lakh tonne (from 3.06 lakh tonne), JSW Steel said in a…

August 10, 2022 02:10 IST

Steel players expect govt to withdraw export duty; to go ahead with capex plans

According to the steel ministry, the sector’s exports in FY22 increased by 25.1 per cent to 134.94 lakh metric tonnes…

August 7, 2022 13:12 IST

Stainless steel – The optimum material choice for Vande Bharat Trainsets

These modern train coaches will provide a new level of safety and comfort with enhanced speed. However, the recent tenders…

Updated: July 28, 2022 10:44 IST

India’s exports grow 25 per cent to 13.49 MT in FY22; imports fall 1.68 pc to 4.67 MT: Minister Kulaste

The imports fell to 4.67 MT in 2021-22 from 4.75 MT a year ago, a fall of 1.68 per cent,…

July 20, 2022 16:42 IST

Steel exporters’ tax burden may decline

The lifting of the export duty on HRC would help the industry to regain its lost market in the international…

July 20, 2022 05:30 IST

Jindal Steel and Power rating: Reduce | Realisations give earnings a boost

Steel price correction likely to keep margins under pressure; ‘Reduce’ retained with target price of Rs 360.

July 19, 2022 00:10 IST

New steel minister Jyotiraditya Scindia takes charge

Sources present in the meeting said the minister, who is holding the charge of the steel ministry in addition to…

July 8, 2022 08:57 IST

Domestic steel majors cut production as demand falls

Analysts believe domestic steel prices are set to correct further as buyers are in wait and watch mode, hoping prices…

June 28, 2022 03:45 IST

Steelmakers are also exploring the possibility of switching to export of value-added/ alloy steel categories which are out of the ambit of duties as well, said Jayanta Roy, Sr VP and Group Head, corporate sector ratings, ICRA.

Imposition of export duty: ICRA says steel shipments to fall by a quarter in FY23

“The government’s recent announcement of 15% export duty on various finished steel products covers over 95% of India’s finished steel…

June 17, 2022 06:15 IST

Icra revises outlook on steel sector to stable from positive

The industry could therefore be on the way to an accelerated mean reversion as the operating environment becomes far less…

June 16, 2022 18:45 IST

Metal prices fall from April highs, but volatility sticky

Analysts say though some correction was due after the rally caused by the geopolitical turbulence, metal prices are likely to…

Updated: June 14, 2022 09:14 IST

Indian steel industry to remain stable despite challenges: Chandrasekaran

During the year, the company achieved a complete separation of its UK and Netherlands operations in October 2021.

June 7, 2022 04:15 IST

JSW Energy, JSW Steel to seek approvals for fundraising

JSW Energy will seek shareholders’ approvals to raise up to `5,000 crore through various modes, which would be used to…

May 25, 2022 00:40 IST

steel stocks, export market, stock market, BSE metal index,

Steel stocks tumble on export tax

While the new impost is aimed at curbing rising prices of the alloy and boost its availability and consumption in…

May 24, 2022 05:30 IST

Export duty hike: Ficci seeks 3 months for steel makers to clear orders in pipeline

The government on Saturday waived customs duty on the import of some raw materials, including coking coal and ferronickel, used…

May 22, 2022 21:29 IST

Export duty hike on steel items to hit PLI scheme projects, says industry body

The Indian Steel Association said the industry welcomes the removal of import duty on coking coal and few other input…

May 22, 2022 15:52 IST

India’s steel exports to remain strong in coming months, says Moody’s

Rated steel manufacturers with high self-sufficiency in raw materials are better positioned to withstand the risks arising from higher raw…

May 17, 2022 15:30 IST

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