Rk Goyal

Chinese politicians, on Wednesday, have asked for 100 million tonnes of sub-standard steel capacity to be cut. Earlier, the country had decided on a 50 million tonne capacity cut.

Kalyani Steels expects margin contraction in second half of FY17

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

Kalyani Steels expects costs to go up after anti-dumping duty

"Our cost will go up to the extent of around Rs 1,500-2,000 per tonne depending on the quantity each company is consuming", RK Goyal, MD of Kalyani Steels told CNBC-TV18.

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.

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.

Govt sets minimum import price on steel products to curb dumping

The minimum import price on ingots and billets has been fixed at USD 362 per tonne, for flat rolled and hot rolled steel at USD 445-500 per tonne and semi-finished steel at USD 341-362 per tonne.

Domestic ind in dilemma – to cut prices or prod: Kalyani Steel

China dumping is hurting domestic industry badly, said RK Goyal, MD, Kalyani Steel, adding that cutting prices further would lead to additional losses.

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

‘Hike in steel duty by 2.5% not of much help to Indian cos‘

A 2.5 percent hike in steel duty is positive thinking on the part of the government, but will not help the industry much as the gap between domestic and imported steel prices is as high as 30 percent, says RK Goyal, Managing Director, Kalyani Steel

China dumping, weak demand hurting volumes: Kalyani Steel

If the government does not support the industry where there is disproportionate advantage in one country vis-à-vis India, the industry will die over a period of time, says management of Kalyani Steels.

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.

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.

K'taka mines produce just 25% ore; CEC steps in

They may have finally got the SC's green signal, but Karnataka's mines are still not functioning in full force. So far 77 mines have implemented Reclamation & Rehabilitation, which is a prerequisite to restart mining, but only 19 have started operations.

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.

Here's why NPLs of banks may not improve soon

Ananda Bhoumik, Senior Director, India Ratings, cautions if GDP were to remain sluggish at sub-5 percent for another three-four quarters then it could severely hit NPLs.

To raise Rs 2000cr tier II capital; no QIP: Central Bank

Capital adequacy ratio as of now is around 11.40%. But with Rs 1,800 crore coming from the government and around Rs 2,000 crore which the bank will raise as tier II capital, the capital adequacy ratio at the end of this financial year should be around 13% plus.

Winsome Diamonds unlikely to get restructured: Central Bank

In an interview to CNBC-TV18, RK Goyal, ED of Central Bank of India spoke about Winsome Diamonds account. Central Bank of India has classified both the accounts of Winsome Diamonds as non-performing assets (NPAs).

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.