Steel to stay costly through 2026, India to lead demand rebound in 2027: ReportGlobal steel demand will stay weak, growing just 0.3% in 2026, with China dragging growth while India emerges as a strong outlier. Despite ...
JSW Steel Q3 Preview: PAT may fall by up to 87% YoY on lower HRC realisations, revenue declineJSW Steel’s Q3 revenue is estimated between Rs 38,581 crore and Rs 41,750 crore, factoring in projections from Nuvama, Elara, and Kotak Ins...
India to outpace major steel-consuming economies with 8-9% demand growth in 2025: CRISILIndia's steel demand is projected to grow by 8-9 percent in 2025. This growth is driven by increased steel-intensive construction in housin...
September price hike of Chinese steel will provide relief for Indian manufacturers: ReportChinese hot-rolled coil (HRC) steel prices have risen, shifting Indian domestic HRC prices from a premium to a discount. This may provide r...
Steelmakers hike rebar, HRC prices by Rs 1,500-Rs 2000 a tonne as coking coal costs surgeThis is the fourth round of increase in March. Effective price for HRC stands at Rs 72,500 73,500/t and CRC price stands at Rs 78,500-79,00...
Steel prices may face pressure from falling international prices: Ind Ra“While prices are at a high point, they are likely to face pressure from a continual decline in global HRC prices due to a sluggish Chinese...
Steel companies cut prices to spur demandIndia's top primary steelmakers have reduced prices on the benchmark hot-rolled coil (HRC) by up to 3% for July, halting the pace — and seq...
Steel makers hike prices of HRC, CRC by up to Rs 4,500 per tonneAfter the price revision, a tonne of HRC will cost Rs 67,000 while the buyers will get CRC for Rs 80,000 per tonne.
Indian steel prices to soften in the near term: AnalystsDomestic hot-rolled coil (HRC) prices rose about 54% during July-December 2020, on the back of a strong recovery in domestic demand and a s...
Pakistan re-elected to UN rights bodyAmong the five candidates from the Asia-Pacific region vying for four seats in the UN's premiere human rights body, Pakistan secured the hi...
Weak demand, oversupply and price decline to hit Indian steel industry: Ind-RaLarge steel players were operational at lower utilisation levels during the lockdown and due to a dull domestic demand, companies increased...
India Ratings downgrades Uttam Galva Steels to defaultIndia Ratings downgraded Uttam Galva Steels to default, citing ongoing delays in debt servicing since February this year due to liquidity s...
Safeguard duty may provide temporary relief to steel sectorThe proposed duty of 20 per cent would be applicable on import of hot-rolled flat products of non-alloy and other alloy steel with a width ...
- HRC sales may bypass trader channels
In yet another exercise to control steel prices, the government may ask primary steelmakers such as SAIL, Tata Steel, JSW Steel etc. to sel...
- Export duty gives a leg-up to local steel output
Steelmakers have decided to cut down exports significantly in the wake of 15% export duty imposed on hot-rolled coils (HRCs).
- Secondary steel makers cut prices on lower duty
Secondary steel producers, including Delhi-based Bhushan Steel and Mumbai-based Uttam Galva, have decided to cut down the prices of cold-ro...
- Export levy grip on steel may loosen
The government is considering to exempt cold rolled coils (CRC), galvanised products and tubes & pipes from the levy of 10% export duty if ...