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SECONDARY STEELMAKERS
Debate emerges over iron ore export ban amidst clashes between steelmakersSteelmakers without captive mines seek a ban on iron ore exports to safeguard their industry, while iron ore producers oppose this move. Pr...24 Feb, 2024, 12.42 PM IST- Secondary steelmakers face double whammy as prices of key inputs riseA paucity of coal in the domestic market is pushing upwards the prices of sponge iron. Meanwhile, there has also been a squeeze on the avai...15 Aug, 2022, 11.55 PM IST
- Steel mills plan production cuts as demand fallsMeanwhile, steel exports have also taken a backseat since New Delhi levied a 15% export duty on the alloy from May 22 in its efforts to arr...29 Jun, 2022, 12.52 AM IST
- Steel levy: Smaller players gain, but big companies sufferSmaller steelmakers benefited from the duty changes as their costs went down and they had little adverse impact on business, while large st...20 Jun, 2022, 05.54 PM IST
- Small steelmakers cheer input cost cut as big rivals fret over export dutySmaller steelmakers benefited from the duty changes as their costs went down and they had little adverse impact on their business, while la...19 Jun, 2022, 10.14 PM IST
- Steel prices ease over 10%, coal crisis playing havoc on secondary steelmakersPrices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of R...15 May, 2022, 02.00 PM IST
- Steel cos have agreed to cut prices for MSMEs despite disruption: RCP SinghDue to the geopolitical situation, global steelmakers, mainly from Germany and the UK, have hiked prices sharply by at least 25%. Indian st...28 Mar, 2022, 12.28 AM IST
- Steelmakers feel the heat, find alternativesSteel scrap is used as the primary input into steelmaking through the electric arc furnace and the induction furnace routes, while iron ore...03 Mar, 2022, 12.53 AM IST
- Rising raw material prices force MSME secondary steelmakers to shut shop“There are around 120 sponge iron, billet ingot manufacturers and rollers in West Bengal that have reduced production by 15-50 % and laid o...31 Jul, 2021, 11.11 AM IST
- Slow domestic demand, surging input prices worry India's secondary steelmakers“NMDC’s price reduction on iron ore is not very significant. Iron ore prices have risen more than four times in the past year, and now the ...14 Jul, 2021, 12.22 AM IST
- Iron ore shortage, soaring prices make steelmakers seek government helpESL Steel is currently sourcing iron ore majorly from private players such as Essel Mining and Industries of Aditya Birla Group and Rungta ...28 Jun, 2021, 08.54 PM IST
- Secondary steel cos short of breath as O2 runs outSeveral secondary steelmakers, who contribute about 45% to India's total steel production, are on the verge of closing down as they can’t s...27 Apr, 2021, 08.23 AM IST
- Indian steel mills renegotiates fresh auto contracts starting January with a price increase“There has been a price hike of around Rs 5,500 but this was just an adjustment toward the current prices. Auto contracts were signed in Ap...26 Feb, 2021, 08.03 AM IST
- Secondary steel players gasp for oxygen as supply is restricted“We are facing a shortage of oxygen supply. There is no doubt that the oxygen requirements for medical use should be met. The logistics of ...02 Oct, 2020, 11.57 AM IST
- India's secondary steelmakers are facing troubles in procurement of iron oreDue to the supply shortage, iron ore prices have shot up around 35% since April. This is because of low production and no dispatch by the m...04 Aug, 2020, 08.35 PM IST
- Bad debt is not a bother anymore: Chaudhary Birender Singh, Steel MinisterIntegrated steel-making is not the only way to achieve the 300-MT target. The secondary steel producers are more important. said, Chaudhary...25 Jan, 2019, 08.30 AM IST
- 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...04 Sep, 2008, 12.00 AM IST
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