Hot Rolled Coil

MC Garg, chairman of Good Luck Steel says the total order book currently stands at Rs 500 crore, of which Rs 250 crore is in the structured division.

Posco deal to provide superior technology: Uttam Galva

Ankit Miglani, Director, Uttam Galva says the deal will reduce the manufacturing cost of hot-rolled coils.

Steel cos may hike price to Rs 1500/tn on demand rise:Sarda

Steel safeguard duty on hot rolled coil (HRC) has brought fear among the importers but when compared price-to-price, imports are still more viable for long products, says GD Mundra, Sarda Energy.

60% of sales to be protected by safeguard duty: Bhushan

Nitin Johri, CFO, Bhushan Steel, says landed price of steel post the duty will be around Rs 26,000-27,000 per tonne, while the domestic price is Rs 24,500 per tonne.

Higher steel safeguard duty will hurt end users:Uttam Galva

Uttam Galva has Rs 3750 crore of debt on its books. The company's Deputy Managing Director, Ankit Miglani does not expect any increase in debt, but sees a tough year ahead

Goldman Sachs downgrades SAIL, cautious on steel companies

Shares of SAIL fell 3 percent while JSW Steel also slipped 4 percent intraday on Monday. Goldman Sachs has downgraded JSW to neutral.

Steel use may have marginally grown in Apr-Sept

"The country's steel consumption could grow marginally by about 0.5 percent in the April-September period of the current fiscal," an official said.

Citi maintains sell on SAIL with target price of Rs 75

Brokerage house Citi has maintained its ‘sell‘ rating on Steel Authority of India, after the company‘s third quarter net profit fell 53 percent year-on-year because of sluggish sales and lower realization.

Steel firms hike prices by up to Rs 1,500/tonne

At least a couple of steel makers have raised the price of flat products by up to Rs 1,500/tonne since December 1 to align the domestic price with landed import costs, now hovering between Rs 35,000-36,000 a tonne.