Page 8 - Steel Sector

Need to increase logistics arrangement for steel sector: ISA

There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, ISA said

Thyssenkrupp ends talks with Britain's Liberty on steel unit sale

The move comes after Sweden's SSAB last month abandoned plans to buy the Dutch operations of India's Tata Steel

ArcelorMittal reports $1.21 billion net income in Oct-Dec 2020

Global steel giant ArcelorMittal on Thursday posted $1.21 billion net income for the quarter ended December 31, 2020

Unfair to say domestic steel industry is a cartel: Tata Steel's Narendran

The bigger steel players obviously have secured iron ore supply through auctions, says Tata Steel MD

JSW crude steel output increases 2% to 14.32 LT in January

Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January

Jindal Stainless third quarter revenue jumps 9% to Rs 3,585 crore

Jindal Stainless Ltd (JSL) said on Thursday its consolidated revenue in Q3 FY21 stood at Rs 3,585 crore, up by 9 per cent year-on-year.The net revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) totalled Rs 473 crore while EBITDA margin was at 13.2 per cent. The profit after tax was Rs 170 crore.The company said continuous and accelerated deleveraging along with interest rate rationalisation helped bring down the interest cost by 16 per cent over the corresponding period of last year to Rs 117 crore.Besides, the Indian economy gained momentum and registered a faster than expected recovery after the peak Covid-19 period in 2020. The third quarter witnessed healthy revival in end-user segments like automotive, pipes and tubes, and industrial fabrication.Backed by R & D efforts to indigenise various grades in the automotive sector, JSL was able to capitalise on the demand growth in the two-wheeler and passenger vehicle segments. It registered nearly 40 ..

Tata Steel to continue separation of Dutch and British operations

This comes despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill

JSW Steel's net profit jumps manifold to Rs 2,669 cr in Dec quarter

JSW Steel reported a manifold jump in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter

Domestic steel demand expected to contract by 9-11% in FY21: CRISIL

The Nationwide lockdown in April-May impacted manufacturing, hurting consumption of the alloy

Govt exhorts domestic steel makers to become more competitive globally

The government has exhorted domestic steel makers to become more competitive locally as also in export markets

Engineering exporters seek govt intervention to stem steel prices

Engineering exporters' body EEPC India on Monday sought urgent government intervention to stem the runaway rise in steel prices

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

We're now at pre-Covid levels on volumes and prices: Tata Steel's Narendran

In a Q&A, the firm's MD & CEO says there is a pick-up in consumption acroess sectors and keeping up with market requirements is a struggle

Domestic steel demand seen down by 10-12% in FY21: Brickwork Ratings

In Q1FY21, finished steel production crashed by 49% and consumption by 53% compared with Q1FY20 levels

Deeply concerned over steel price rise due to Covid-19: EEPC India

A recent sharp rise in steel prices has a "crippling impact" on the country's engineering exports which are facing the most challenging global markets in the face of another wave of Covid-19

Due diligence for Tata Steel Netherlands biz to complete by December end

The country's oldest steel producer is currently in talks with SSAB Sweden for the sale of its Dutch operations, as it seeks to make a full exit

Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%

Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India

SAIL reports over Rs 1,226 cr net loss in Q1 due to reduced income

The company had posted Rs 102.68 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices