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HRC REALISATIONS
Tata Steel shares rise 7% in two days after strong Q3. Should investors buy now?Tata Steel shares rose for a second straight session, gaining over 7%, after the company reported strong Q3 results. Consolidated net profi...
Softer domestic prices, rising input costs to weigh on steelmakers’ Q3 earningsSteel companies anticipate lower profits this quarter. Softening domestic prices and higher input costs are impacting earnings. However, no...
Steel prices hit five-year low; weak trend likely to persist in near term: BigMintSteel prices in India have hit a five-year record low, largely due to a spike in imports and a fall in export needs. Hot rolled coil and re...
Q3 results today: IndiGo, JSW Steel among 81 companies to announce earnings on FridayCompanies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and...
UltraTech Cement shares jump 5% after co's Q3 PAT beats Street's estimatesUltraTech Cement Share Price: The company reported a 10.5% YoY and 9% QoQ growth in its domestic sales volume. Additionally, trade volume i...
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...
Pricier ore, coal to benefit miners, weigh on steel companiesAmong the companies, NMDC is expected to report the best quarterly performance, helped by volume and prices rising by nearly a fifth from t...
Steel companies' Q1 margins hit by rising costs, low pricesThe operating profit of steelmakers is estimated to have dipped by ₹2,000-3,000 per tonne of metal sold during the April-June period compar...
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...
Indian steel exports to see a jump as China withdraws export rebates: ICRA“Given the strong demand, export rebate cuts, the Chinese Government’s intent to keep steel capacities under check…China may not have exces...
Buy Tata Steel, target Rs 745: JM FinancialBuy Tata Steel at a price target of Rs 745.
India Ratings and Research expects stronger operational performance from steel playersA likely improvement in capacity utilisation rates would result in an improvement in operating profitability, due to better absorption of f...
Steel demand picks up in first 9 months of FY18: ICRASteel demand growth has improved to 5.2% in nine month period of FY2018 as against 4.5% in seven months of FY2018, aided by a healthy growt...
Pakistan PM's envoy briefs international community in Geneva on KashmirLeghari is part of the 22 parliamentarians nominated by Prime Minister Sharif as special envoys to be dispatched to world capitals to highl...
Govt panel okays 20% safeguard duty on steel products, say sources; stocks rallyStocks of steelmakers jumped up to 4% on Monday amid reports that the committee of secretaries has approved a 20% safeguard duty on import ...
'SAIL and JSW steel to benefit most from safeguard duty on imports'SAIL and JSW Steel are likely to benefit the most if the government decides to impose 20 per cent safeguard duty on imports of hot rolled s...
- Condition for Indian steel players is worse when compared to global peers
At a time when global steel prices are rising, prices domestically have remained flattish due to subdued demand and continuing imports.
- Rising demand sparks rally in steel cos
Strong domestic demand and a firming up of benchmark hot rolled coil (HRC) prices to over $600 per tonne have triggered renewed interest in...
- Let domestic steel market be free
Last week, at the meeting of National Steel Consumers’ Council, a demand raised by users of intermediates and semi-finished steel was that ...