Page 5 - Steel Production

India's crude steel production at 6.8 MT in June, says Steel Ministry

The steel sector in India has started showing signs of improvement and in the month of June the country's crude steel production stood at 6.8 million tonne (MT), according to the Ministry of Steel

Tata Steel BSL crude steel production drops over 41% in June quarter

Tata Steel BSL said its crude steel production fell over 41% to 6,59,000 tonnes during June quarter 2020 as compared with 11,22,000 tonnes in corresponding period a year ago, hit by Covid-19 pandemic

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

Pradhan urges all industry stakeholders to use domestically produced steel

The minister further said there are many sectors which still do not use domestically produced steel due to various reasons.

Steel demand to nosedive 60-65% in Q1, recovery unlikely before Q3

Companies to either delay or shelve Capex plans

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

Hopeful of V-shaped recovery for steel sector: CEO Vedanta Electrosteel

'Expectedly, steel enterprises like ours acquired from the sickbay have suffered major production setback since the outbreak of Covid-19'

Icra revises domestic steel industry outlook to negative from stable

Sees domestic demand for the alloy declining by 20% in FY21

ArcelorMittal India FY20 steel output at record level of 7.23 mn tonnes

Production up 5% from last year despite challenging economic conditions, including Covid-19 fallout

Budget wishlist: Steel industry expects relief from taxes, logistic costs

Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime

Bhilai-like steel plant planned in Vidarbha's naxal belt: Maharashtra CM

Facility to come up in Gadchiroli district's Surjagad, known for its mineral deposits and dense forest

Tata Steel beats auto sector blues with higher sales in branded products

During April-September of FY20, Tata Steel's sales volumes in industrial products and projects moved up by eight per cent year-on-year (y-o-y)

Liberty Steel's Sanjeev Gupta to consolidate steel business under one head

Liberty Steel as part of the GFG Alliance is a global group of energy, mining, metals, engineering, logistics and financial services businesses

Decline in steel price to lift profit margins of pipe manufacturers

A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials

Tata Steel draws up plan to boost competitiveness, lower logistics cost

"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO

Steel mills to roll over product prices in July despite hike in input costs

They are unwilling to revise prices upwards following weak demand due to sluggish infrastructure and construction activity

India's crude steel production remains almost flat at 8.662 MT in April

"Crude steel production stood at 8.662 MT in April 2019, up by 0.1 per cent over April 2018," the steel ministry said.

Finished steel output projected to grow by 6-8% in FY19: Report

Ratings agency CARE Ratings feels the upward trend in production and consumption is expected to continue through the rest of this fiscal

Global steel output up 4.6% in H1 as strong margins tempt mills to ramp up

Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 881.5 million tonnes (mt) in the first half.