STEEL CONSUMPTION

Domestic steel prices still at 6-8% discount to global prices, there is room for further hikes: Crisil

Crisil expects the large steelmakers (excluding the public sector ones) to clock an 800-1000 basis points improvement in their Ebitda margi...

SAIL reports 9% growth in crude steel production

“The first quarter was impacted due to the onset of the pandemic but gradually we have scaled up our performance by enhancing the volumes. ...

FIMI urges Centre to withdraw protective support provided to domestic steel players

"In order to take undue advantage and profiteering, the integrated steel companies fix up the steel prices almost at par with the internati...

Jindal Stainless (Hisar) to be merged with Jindal Stainless by H2 of FY21

Seamless integration of infrastructure, processes and operational synergies, along with a strengthened balance sheet, would improve financi...

SAIL to bring down debt to Rs 40,000 crore by end of March 2021: Anil Kumar Chaudhary, Chairman

Irrespective of the boom or lean period, one should continue to work on the expansions. We need to increase the volumes, we have to go for ...

Steel, cement companies could get margin boost as demand from key sectors picks up

Analysts expect a 10-20% year-on-year rise in demand in the second half (H2) of FY21, with many pockets of the economy opened up after mont...

Steel Minister Dharmendra Pradhan calls for reducing imports of finished steel goods

"We are the second largest producer of steel in the world, (but) for our own consumption we have to import finished goods," Pradhan said wh...

China bought nearly 30% of Indian steel exports in April-Sept: Data

China bought 1.9 million tonnes, cornering 29% of India's finished steel exports, which hit their highest in at least six years at 6.5 mill...

Secondary steelmakers to witness 12-15% decline in FY21, profitability to be hit by 100 bps: Crisil

Long-steel consumption is predominantly linked to housing projects being implemented through schemes such as Pradhan Mantri Awaas Yojana an...

What is the factor behind rising steel demand in domestic market? JSW Steel joint MD explains

JSW Steel reported net profit of Rs 1,595 cr in the September quarter against a loss of Rs 582 crore in April-June period. And according to...

Coal imports rise 12% to 19 million tonnes in September on improved consumption

The country imported 17.06 million tonnes (MT) of coal in September 2019, showed data available with mjunction services limited.

Formation of a working group to look into requirement of steel in rural sector is needed: Rural Development Minister

Narendra Singh Tomar said that the working group will have a positive bearing on the steel consumption in rural areas.

Steel Minister asks CII to identify areas of steel usage

The conference was organised to identify the avenues of steel usage in sectors like agriculture, rural development, dairying and food proce...

Domestic demand for steel industry to remain subdued during the first half of FY21: EY

“With all hopes pinned on the domestic market revival for the steel sector, the worries are far from over. Despite a number of domestic use...

JSW Steel produces 13.17 lakh tonnes of crude steel in August, sees 5% growth over last year

The Company is aiming to improve capacity utilisation gradually in the coming months with the lowest being 38% in the month of April 2020. ...

India's steel consumption to fall in FY21, first decline since financial crisis: Moody's

“We assume that economic activity has begun to gradually pick up from July. However, given the possibility for second or third waves of vir...

Domestic steel consumption estimated to grow at 2%-2.5% in 2020

The estimate for India's steel consumption growth is in line with Moody's estimate for the country's GDP growth given the high co- relation...