Steel Output

BHP said India's commodity consumption has been largely 'domestically-focused', and the nation consumes 'almost all steel' produced domestically, making it a key player in the global demand outlook.

Cheap Chinese steel deluge affects Indian steel majors

Companies are lowering their guidance as falling prices hurt their profitability, leaving them hoping for some relief in the Budget from rising imports

Chart of the Day: Is China’s steel output decline the answer to the Indian steel producers’ woes?

China’s steel output declined sequentially in June and July, raising hopes output curbs could limit its appetite for exports that have depressed global steel prices 

Chart of the Day | Steel output dips sharply in April

China’s steel output has declined year-on-year for two months in a row, raising a question mark on steel demand. India’s output growth has slowed too but that’s likely to be temporary

Chart of the Day | Steel output’s surprising jump in July is not what it seems

In July global crude steel output rose by 6.6 percent over a year ago, its highest level in the past 12 months, with China’s output rising 11.5 percent and India’s 14.3 percent 

Chart of the Day | Drop in steel output a temporary one?

A sharp decline in China’s steel output in January pulled down global output, other major steel producing countries too reported declines

A rising Chinese tide is lifting all steel boats

China’s voracious appetite for steel has lifted prices benefiting India's steel producers, but that could change when China dials back its stimulus

NMDC plans 3-fold jump in iron ore production to 100 MT

Noting that the achievement of 300 MT of steel output was a "very difficult task", Narendra Kothari emphasized on boosting production of raw material like iron ore and infrastructure to achieve this task.

India can achieve 300 mn tonnes steel output by 2025: RINL

Madhusudan, who was addressing the two-day seminar on 'Indian Steel Industry- Vision 2025' here, said, "The target of 300 million tonnes by 2025 is realisable. There is no doubt about the potential to achieve the target. But we have to deal with problems such as land acquisition and raw materials."

Global steel output up 5.1% at 122 MT; India's up 6.6%

Global steel production grew by 5.1 percent in November to 121.6 million tonnes (MT) in which India's contribution was 6.4 MT. World steel output was 115.8 MT in November 2011, industry body World Steel Association (WSA) said on Thursday.

Steel ministry wants 30% duty on iron ore exports

Steel Minister Beni Prasad Verma today said he has written to the finance ministry urging to hike export duty on iron ore to 30% from the current 20%. "We want higher duty on export of iron ore and last week, I wrote to finance ministry to increase the duty to 30% for both iron ore fines and lumps," Verma told reporters here.

JSW Steel Q4 net profit up on strong demand, retail sales

JSW Steel Monday posted 32% rise in fourth-quarter net sales to Rs 7,209.35 crore on back of robust domestic demand and continuous focus on retail sales, but higher total expenditure saw the company's bottom line rising at a less-than-proportional pace.

China steel output growth lower over next 5 yrs: Xinhua

China's steel output growth is expected to average 6% per year over the next five years, the chief analyst for the China Iron and Steel Association (CISA) was quoted as saying on Saturday.