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HRC STEEL CONTRACT
Trading starts on LME's first contract from Shanghai exchange collaborationThe London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration w...- Why Aditya Welekar continues to be negative on steel stocksAditya Welekar from Axis Securities suggests that increasing the import duty on steel could positively impact Indian steel prices, though 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 cool down after levy of export dutyPrices of domestic benchmark hot-rolled coil (HRC) steel at the traders' end have slipped by about 8% or ₹5,500 to about ₹63,800 per tonne ...
- 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 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...
- Buoyant global rates to support domestic steel prices amid possible moderation in demand: ICRADomestic steel rates are likely to remain elevated on the back of favourable international price trends despite a possible moderation in de...
- Metal block smells another price hike; MOIL surges 7%Nifty Metal was the biggest sectoral gainer, rising 2.66 per cent.
- Domestic steel prices still at 6-8% discount to global prices, there is room for further hikes: CrisilCrisil expects the large steelmakers (excluding the public sector ones) to clock an 800-1000 basis points improvement in their Ebitda margi...
- Spring like days of domestic steel industry not over yet: Amit Dixit, Edelweiss SecuritiesThanks to anti-dumping duty, spreads will not contract to CY15-16 like level, says Dixit.
- Spurt in global steel prices to boost export earnings of Indian firmsBenchmark prices of Chinese hot rolled coil (HRC) export offers rallied by over 30% between June and August 2017
- 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...
- Major increase in infra spending to be huge boost for steel players: Tarang Bhanushali, IIFLIn a chat with ET Now, Tarang Bhanushali, Research Analyst, IIFL, talks about his expectations from the budget and shares his outlook for t...
- Steel producers to give discounts instead of slashing pricesDomestic steel producers are looking at giving discounts of up to Rs 1,500/tonne on certain steel products to selected customers instead of...
- Steelcos cut prices by 4.5%In the wake of a slump in steel prices globally, primary and secondary steelmakers including Ispat, Essar, JSW and Uttam Galva are learnt t...
- Steel may cool a bit on weak global cuesSpot hot-rolled coil prices in overseas markets have currently come down to $950 (Rs 40, 850) per tonne, as against $1,150 (Rs 48, 875) lev...
- Costlier steel forces auto, white goods firms to hike pricesThe end-user industries of steel products like the consumer and auto industry have been grappling with surging costs of this input, even th...
- Export duty gives a leg-up to local steel outputSteelmakers have decided to cut down exports significantly in the wake of 15% export duty imposed on hot-rolled coils (HRCs).
- Export duty on HRC to add to steelmakers' margin pressureSteel producers, including JSW, Essar and Ispat are expecting further pressure on margins in the current quarter, owing to a 15% export dut...
- Steel cos blame high input costs for price hike planPrices of raw materials used in the steel industry have been surging, prompting private steel companies to consider a price hike, a move wh...
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