In an interview to CNBC-TV18, RK Goyal, MD of Kalyani Steels spoke about the latest happenings in his company and sector.

Kalyani Steel optimistic of another price increase in near future

NMDC has slashed iron ore prices by Rs 200 per tonne for both lumps and fine. This after they had kept prices constant from April to June 2017, how does this impact steel companies. In an interview to CNBC-TV18, RK Goyal, MD of Kalyani Steel spoke about the latest happenings.

China shuttering furnaces may not hit India much: Kalyani Steels

China shutting down medium frequency furnaces will only hit the global market including India only if it impacts the country‘s overall production, said RK Goyal, Managing Director of Kalyani Steels.

Kalyani Steels expects margin contraction in second half of FY17

Demonetisation has had a severe impact, says RK Goyal, MD of Kalyani Steels.

Demand still weak; miners must not up ore prices: Kalyani Steels

In an interview with CNBC-TV18, RK Goyal, MD of Kalyani Steel said that operating in a highly turbulent market the company has tried to cash in on any opportunity that came its way. This approach has led to the stock price surge and expansion in the company's margins, he said.

Raw materials cost to be higher in Q1FY17: Kalyani Steel

The company doesn't have MIP on its products, hence the profitability and prices were not affected in the last fiscal year, however, the increased raw material costs did affect the margins, says RK Goyal, the MD of Kalyani Steel.

Expect iron ore price to rise by Rs 500/tonne: Kalyani Steels

In an interview with CNBC-TV18, he said that there is no big 'uptick' in steel demand and expects iron ore prices to go up by Rs 500 per tonne, which will be an added burden on the industry.

China dumping steel 25% below local prices: Kalyani Steels

R K Goyal, Managing Director, Kalyani Steels, tells CNBC-TV18 the price cut by NMDC is a step in the right direction, and that his company's capacity utilisation currently is 70 percent

Need swift govt action: JSW Steel on yuan's hit to sector

The People's Bank of China allowed the yuan to depreciate almost 2 percent against the US dollar to levels last seen three years ago, sending a shock through currency markets.

Steel companies fear recession if metal fall continues

Raising concerns over the price cut, Ankit Miglani, Deputy Managing Director, Uttam Galva says “every month prices will correct downward in near future until the global prices stop falling”.

Low iron ore prices to reduce mfg costs: Kalyani Steels

Kalyani steel which buys lump iron ore from NMDC sees an impact of Rs 70-100 per tonne on their total manufacturing costs, says MD, RK Goyal.

Rupee depreciation: Kalyani Steels sees import costs rising

The steel demand has more or less been sluggish and there are no positive signs on that front, so FY16 would not be such a great year, said RK Goyal, MD, Kalyani Steels.

Iron ore import limited, steel's gone up 6x: Kalyani Steel

Global steel prices have corrected 28 percent over the past 6 months, while domestic steel prices are down 7-14 percent. In an interview to CNBC-TV18, RK Goyal, MD, Kalyani Steel, discusses on the outlook for steel prices going ahead.

Hike in coke import duty to impact margins: Kalyani Steels

The company may look to import iron ore if global prices correct.

'If this continues, local steel industry will be wiped out'

In an interview with CNBC-TV18, Kalyani Steel MD RK Goyal talked about the steel industry‘s demand that the government hike import duty.

Changes in MMDR Act to bring transparency in sector: Sarda

The Union Cabinet has approved changes to the Mines and Minerals Act. The proposed changes were to make auction the preferred mode to sell important minerals.

Iron ore prices do not have impact on India: Kalyani Steel

Goyal said in India, particularly in Karnataka, iron ore is sold through e-auction. Since the availability is not increasing, the scenario will continue to be the same.

Kalyani Steel lashes out against Sesa for high ore prices

Complaints have emerged against Sesa Goa and other private miners forming a cartel and trying to raise base prices of ore in e-auction. Sesa Goa had set the floor price of 61-62 percent iron ore at Rs 5000 per tonne.

See steel demand recovery post elections: Kalyani Steels

RK Goyal, managing director, Kalyani Steels says out of the 15-17 mines opened in Karnataka only 13-14 million tonne of iron ore is produced.

K'taka steel cos facing expansion constraint: Kalyani Steel

Steel sector in Karnataka is seen facing capacity expasion hurdles as the iron ore availability in the state would continue to remain insufficient.

Should get 24mt iron ore in next 1-2 years: Kalyani Steel

Hailing Supreme Court's (SC) decision of lifting mining ban in Karnataka, RK Goyal, managing director, Kalyani Steel said this move will give them access to more iron ore and will boost their operating capacity.

NMDC may cut auction ore prices in future: Kalyani Steels

The state-owned iron ore miner NMDC may be forced to cut the iron ore prices in auction going ahead on account of low response from steelmakers, R K Goyal

NMDC's iron ore price hurting steel industry: Kalyani Steel

In an interview to CNBC-TV18, RK Goyal, managing director, Kalyani Steel explains how the steel industry is suffering due to the lack of iron ore. He says a catch-22 situation exists in the industry.

Post regulatory clearances ore to flow in: Kalyani Steel

RK Goyal, MD of Kalyani Steel said the R&R plans are currently being implemented for category-A mines. Post regulatory clearances ore from the category-A mines are going to flow into the business, he added. He also expects 4.5 million tonne of ore to come from category-A mines in the next 12 months.

SC accepting CEC recos is a positive step: Kalyani Steel

RK Goyal, managing director , Kalyani Steel, told CNBC-TV18 that the Supreme Court‘s in-principle acceptance of the CEC report was a positive sign that the restoration and rehabilitation plan at mines could be implemented.