Page 5 - Steel Sector

ArcelorMittal Nippon Steel India clocks 16.62% increase in EBITDA

Globally, ArcelorMittal delivered a strong set of numbers despite inflationary pressures and the Ukraine war.

Recover coal companies dues from utilities vigorously, suggests Par panel

The Standing Committee on Coal, Mines and Steel in its report tabled in Parliament said that a huge amount of dues are outstanding from the states and other utilities

Multiple tailwinds in NMDC point to major upside, mine-lease premium weighs

Favourable demand-supply situation pushing up ore prices, value unlocking through demerger, high dividends and cheap valuations are key positives

Steel consumption to rise due to govt programmes, schemes: Steel Minister

Union Steel Minister Ram Chandra Prasad Singh lauded the government and the people of Odisha for making big strides in development

After two months' resistance, steel prices rise again in Feb on cost push

Companies discuss special pricing for MSME customers with government

ArcelorMittal Nippon Steel India clocks 59 per cent increase in EBITDA

Sequentially, however, the firm's EBITDA was 21% primarily due to lower steel selling prices and higher costs (including coking coal and power), the company said

Jindal Steel and Power posts 20% steel sales growth in January 2022

Jindal Steel and Power on Wednesday reported "meaningful recovery" in steel sales, despite low railway rake availability

Tata Steel can acquire NINL without sacrificing rating headroom: S&P

Tata Steel's debt is expected to continue to decline over the next two years, despite the Rs 12,100 crore deployed for the acquisition of NINL

India's top steelmakers seek federal funds to cut carbon emissions

NEW DELHI (Reuters) - India's top steelmakers have urged the government to provide federal funding and other economic assistance to help them meet targets for cutting carbon emissions, a leading industry body said.

JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24

JSW Steel is the flagship business of the diversified USD 13-billion JSW Group, which has a presence in sectors such as energy, infrastructure, cement, paints, sports and venture capital

Increasing production, raw material security steel sector's focus in 2022

Increasing per capita steel consumption and production of special steel as well as enhancing raw material security will remain the key focus areas of the government in 2022. Minister of State (MoS) Faggan Singh Kulaste said the focus will also be on finding new markets as the production of steel continues to grow in the country. As per the National Steel Policy 2017, the government has set a target to ramp up the country's crude steel production output to 300 million tonnes (MT) by 2030. The policy also seeks to increase the domestic per capita steel consumption to the level of 160 kg by 2030. In an interview with PTI, Kulaste said the per capita steel consumption in the country is at around 72.3 kg at present, while the capacity is at 143.9 MTPA (million tonnes per annum), and the focus will also be on increasing the output of special steel. According to the minister, the Indian steel sector is full of opportunities, and the country must aim to grab the numero uno position in qual

Re-import of steel cylinders should be exempted from SIMS registration

See no reason to cover re-imports of such Indian origin goods under SIMS

Tata Steel UK plant helps build world's largest offshore wind farm

Tata Steel said hundreds of tonnes of its products, able to endure the harsh North Sea conditions, will be used for the giant wind farm project located 130 km off the north-east coast of England

Odisha bags proposals worth Rs 2.48 trillion from steel sector in 6 months

Raw material, port facilities, slurry pipe infrastructure make the state a "popular" choice

Jindal Stainless eyes Rs 500-cr revenue from chequered sheet biz in 3 years

Jindal Stainless Limited (JSL) is aiming to garner a revenue of Rs 500 crore from its hot-rolled stainless steel chequered sheet business over the next three years.

High Sept qtr EBITDA sustainable amid high energy prices: Tata Steel MD-CEO

In a telephonic Q&A, T V Narendran talks about the strengthening domestic demand in the remaining part of the fiscal and the firm's plan to offer captive ore for open market sale

JSPL reports consolidated net profit of Rs 2,584 crore for Sept quarter

Net sales of the company in the period under review stood at Rs 13,611 crore, up 67 per cent

Jindal Steel and Power posts nearly 3-fold jump in Q2 profit to Rs 2,584 cr

Its net profit was Rs 897 crore in the year-ago period, Jindal Steel and Power Limited (JSPL) said in a regulatory filing

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

World Steel Association elects JSW Steel's Sajjan Jindal as Chairman

The World Steel Association on Wednesday said that it has elected JSW Steel Chairman and Managing Director Sajjan Jindal as its Chairmanfor the 2021-22 period