Page 10 - Steel Sector

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

Breakout year? Steel players hope for demand surge, better prices in 2020

Around 85% of the country's coking coal demand is met through imports

Govt taking steps to meet input challenges in steel sector: SAIL chairman

Issues include iron ore allocation, coking coal crunch and high cost of producing steel in India

Growth after slowdown: India a net exporter of steel in FY20, says Pradhan

He was responding to a query on whether the government proposes to set up new steel plants in Haryana

Indian steel firms should invest in Russia to lower coal prices: Official

Executives of Indian companies met senior Russian officials, and Leonid Petukhov, CEO, Far East Investment and Export Agency in the presence of Union Petroleum and Steel Minister Dharmendra Pradhan

From moulding markets to changing mindset, how Vedanta revived Electrosteel

The second of a four-part series on IBC takes a look at how Vedanta restored faith of suppliers and customers and updated products to turn around the stressed plant

Steel exports still attractive amid hopes of demand revival at home

A prolonged monsoon, weaker demand, tight liquidity and a sharp fall in home prices affected the domestic steel industry in the September quarter

Weak demand, drop in prices may keep steel sector Q2 performance muted

Steel players have tried to make up for the poor sales by increasing export volumes

Govt steps post-budget and festive season will boost demand: JSW Steel

Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors

Govt working on measures to make steel sector 'globally competitive'

Despite short-term challenges and the current slowdown, it is believed that India's long-term growth story remains intact, the ministry added

Steel import rules restrictive despite economic slowdown, says EEPC

While compulsory registration will monitor steel product inflow into the country, the specifications seem unwarranted, the engineering exporters' body said

Ind-Ra lowers outlook on steel sector on sluggish demand expectation

Assigns 'stable-to-negative' outlook from 'stable' for remainder of FY20

Asian steel firms get negative outlook from Moody's on weaker profitability

Cites rising input costs, inability to pass on higher costs for revised outlook; India's steel demand to remain strongest in region, but auto and manufacturing sector demand could drag

Economic slowdown: Steel consumption set for slowest growth in three years

The S&P BSE Metal Index has also plunged about 30% so far this year

Steel demand is expected to pick up in H2, says Tata Steel's T V Narendran

The steel sector has been facing demand worries with a slowdown in almost every user industry

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Chhattisgarh offers power rebate to ailing steel units, industry wants more

They want sponge units and rolling mills to be included; they also want a higher rebate than the 80 paise per unit currently being offered

ArcelorMittal reports $447 mn loss for June quarter due to low steel prices

Sales increased to $19.3 billion during the quarter as against $19.2 billion in the year-ago period, registering a marginal rise of 0.5 per cent

Lower realisation, rising imports may hit steel firms' earnings: Analysts

Lower realisations, rising imports and higher competition in flat products may weigh on earnings growth of Tata Steel, JSW Steel, etc estimate brokerages

India narrowing gap with world leader China on steel sector jobs: Study

At 30% of global steel industry jobs, India is only six percentage points behind China's 36%, but it is behind in terms of the sector's contribution to GDP