Steel

Steel becomes costlier

Steel becomes costlier

Leading domestic steel makers have hiked the prices of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) by up to Rs 4,000 and Rs 4,900 pe...Read More

Steel becomes costlier; companies hike rates by up to Rs 4,900 per tonne in India

Steel becomes costlier; companies hike rates by up to Rs 4,900 per tonne in India

Leading domestic steel makers have hiked the prices of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) by up to Rs 4,000 and Rs 4,900 pe...Read More

Teji Mandi Explains: Steel price heats up, further hike expected

Teji Mandi Explains: Steel price heats up, further hike expected

The country lockdown, slowed economy, and higher inventory have caused a turmoil in the majority of the sectors. Steel space has been inf...Read More

India may lose tag of second largest stainless steel producer to Indonesia in 2021 amid COVID

India may lose tag of second largest stainless steel producer to Indonesia in 2021 amid COVID

India may lose the tag of the world's second largest stainless steel producer to Indonesia in 2021, industry body ISSDA said on Tuesday.I...Read More

Industry body IPMA seeks govt intervention to regulate rising steel prices

Industry body IPMA seeks govt intervention to regulate rising steel prices

Industry body Indian Pipe Manufacturers' Association (IPMA) has sought government intervention to regulate the prices of steel, which are...Read More

Report on JSW Steel bidding to buy Sanjeev Gupta's Liberty Steel is "misleading and mischievous"

Report on JSW Steel bidding to buy Sanjeev Gupta's Liberty Steel is "misleading and mischievous"

There were reports stating that India's steel producer JSW Steel, is mulling over bidding for Sanjeev Gupta's Liberty Steel in Britain as...Read More

Results: JSW Steel net profit jumps manifold to Rs 4,191 crore in March quarter

Results: JSW Steel net profit jumps manifold to Rs 4,191 crore in March quarter

JSW Steel on Friday posted a manifold jump in its consolidated net profit to Rs 4,191 crore for the quarter ended March 31, mainly on acc...Read More

EU, US agree to temporarily suspend tariffs in steel dispute

EU, US agree to temporarily suspend tariffs in steel dispute

The European Union and the United States have decided to temporarily suspend measures at the heart of a steel tariff dispute that is seen...Read More

Results: ArcellorMittal posts $2,285 mn net income in March quarter

Results: ArcellorMittal posts $2,285 mn net income in March quarter

ArcelorMittal on Thursday posted a net income of $2,285 million for the first quarter ended March 31, 2021. The world's largest steelmake...Read More

Vedanta elevates Sauvick Mazumdar as CEO of iron, steel business

Vedanta elevates Sauvick Mazumdar as CEO of iron, steel business

Vedanta Ltd on Monday announced the elevation of Sauvick Mazumdar as the CEO of the company's iron and steel business. The company, in a ...Read More

Tata Steel unveils multi-million-pound plan for tube making site in UK

Tata Steel unveils multi-million-pound plan for tube making site in UK

Tata Steel on Thursday unveiled its transformation plans for a steel tube making site in the UK's East Midlands, which the Indian steel m...Read More

Teji Mandi Explains: Steel prices rise in April - What the future trend looks like?

Teji Mandi Explains: Steel prices rise in April - What the future trend looks like?

Indian steel companies have reported strong volume growth in Q4FY21 despite the recent price hikes. In April, the domestic steel manufact...Read More

JSPL output rises 34%; sales jump 37% in January-March FY21

JSPL output rises 34%; sales jump 37% in January-March FY21

Steel producer JSPL on Monday reported a 34.41 per cent rise in its output, and the sales grew 37.41 per cent during the quarter ended Ma...Read More

RINL to sell 22.19-acre land for Rs 1,000 crore to service Rs 19,592 crore debt

RINL to sell 22.19-acre land for Rs 1,000 crore to service Rs 19,592 crore debt

State-owned RINL (Rashtriya Ispat Nigam Limited), which has a net debt of Rs 19,592 crore in financial year 2018-19, is looking at raisin...Read More

Nitin Gadkari calls for research to explore cheaper options to cement, steel to reduce prices

Nitin Gadkari calls for research to explore cheaper options to cement, steel to reduce prices

Amid rising steel prices in the country, Union Minister Nitin Gadkari on Monday highlighted the need to explore alternatives to steel as...Read More

Budget 2021: Domestic steel industry seeks reduction in customs duty

Budget 2021: Domestic steel industry seeks reduction in customs duty

The government has been taking measures to counter the devastating impact of the Covid-19 pandemic on the domestic steel sector. The Pro...Read More

Rising Chinese demand brings good fortune for Indian steel sector

Rising Chinese demand brings good fortune for Indian steel sector

Strong demand and prices for steel in China should provide a cushion to regional and Indian steel prices already at lifetime high levels,...Read More

Price lift for steelmakers; Decadal high domestic steel prices

Price lift for steelmakers; Decadal high domestic steel prices

Accordingly, steel makers have raised the prices of benchmark hot-rolled coils (HRC; average monthly price) multiple times since August, ...Read More

Reason why Govt wants regulator for the steel and cement industry

Reason why Govt wants regulator for the steel and cement industry

The Rs 34,000-crore domestic forgings industry says high steel prices have hammered the industry, which is now battling for survival.

Realty firms may witness margin shrink by 4-6% due to steel price rise

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies as these en...Read More

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