Steel Demand

India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secy

The official made the remarks addressing a 'CII Conference on Future Ready and Green Manufacturing' conference in the national capital.

Tata Steel see clear skies for Europe operations in coming years post restructuring, says CEO

Tata Steel CEO said the Netherlands unit is expected to see positive growth next year, while the company's UK operations will see an improvement in operational performance once restructuring measures are complete

JSW Steel to continue shopping spree, no deals likely in FY24: Joint MD Jayant Acharya

Higher coking coal costs remains a challenge for the company which faced a $21 increase for the steel making ingredient on QoQ basis. JSW Steel is looking at acquiring international and domestic coking coal mining assets to improve its raw materials security, thereby shielding margins from cost pressures.

Cheap Chinese steel likely to curb Indian exports next year, says SteelMint

India's steel exports for FY2022-23 stood at 6.72 million metric tonnes (mt), down about 50 percent year on year, while the imports were at 3-year high.

India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

The demand is expected to touch 120 MT mark by 2023-end, and production will be at 136 MT, as per the report.

Push on infra, green power to boost domestic demand for steel: Jindal Steel and Power

Steel demand will likely expand by 8-9 million tonnes in each of the next two financial years, resulting in growth of 7.5 percent in FY24 and 6.3 percent in FY25.

Icra revises domestic steel demand outlook to 8% for FY24

Earlier, the ratings agency had estimated the demand to grow in the range of 6-7 per cent.

India’s steel demand is a bright spark, but global trends dominate outlook

Steel companies are reporting an uptrend in sales as domestic demand is on the rise. But they need steel prices, which are down due to global factors, to perk up

Buy graphite electrode stocks for the long haul

Steel demand likely to improve in coming months: Minister

Steel demand is expected to improve in coming months on the back of increased spending on infrastructure and long-term government policies, Steel Minister Chaudhary Birender Singh has said.

Expect H2 biz pickup to push up steel demand by 4-5%: JSPL

In the first 6 months of the year, steel demand grow by just 0.5 percent, and now with the end of monsoon business activity with pick pace in the second half which is likely to push up steel demand by 4-5 percent for the year, said Ravi Uppal, Chief Executive and Managing Director of JSPL.

Fitch downgrades Tata Steel group, puts it on rating watch

The downgrade is on Tata Steel and also Tata Steel UK, the rating agency said in a late evening note.

Steel producers likely to hike prices by upto Rs1,500/tonne

Industry insiders say steel demand is expected to pick up in the second half of this fiscal, beginning next month, as there are signs of revival in government spending on public projects.

Steel sector revival in 18-24 months: Govt

Indian steel demand is expected to remain robust in the current financial year (2015-16) with the consumption expected to rise 5-6 percent a year, a steel ministry official said.

Import stress may rise after yuan devaluation: Tata Steel

Tata Steel, which said net profit in the June quarter more than doubled on the back of a one-time gain, has been hit by a combination of a slowdown in China and a devaluation of the Russian rouble over the past few quarters.

Make in India programme to boost stainless steel demand

They also urged the government and the private players to generate steel demand in the country and give push to developments in areas like ports, civil aviation, urban infrastructure and others.

Citigroup cuts iron ore forecast to $55 as demand shrinks

IRONORE-CITIGROUP-FORECAST:Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

Big China steel thrives, stoking export fears

Even as China's domestic steel demand shrinks and the industry battles chronic overcapacity, lower iron ore prices have helped many large mills post better earnings in 2014 than a year earlier, supported by record exports.

Steel cos' pricing power to remain under pressure: Analysts

They also said any price hike announced by the steel companies in the recent times will be compensated through deep discounts to customers.

Steel consumption grows 0.8% in Apr-Sept period

India's steel consumption in the first six months of the current fiscal remained flat, showing just 0.8 percent year-on-year growth due to poor offtake by construction and automobile sectors.

Will achieve 15% revenue growth in FY14: Gallantt Ispat

Gallantt Ispat has a wide supply chain network that helps cater to bulk order within certain timeframe, said CMD Chandra Prakash Agrawal.

SAIL Q3 PAT may dip on weak pricing, higher staff cost

Steel Authority of India (SAIL) is likely to see a fall in December quarter profits due to weak pricing and higher staff cost, say analysts. Sales may improve marginally as demand picked up towards the end of the quarter.