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  • Explained | Sectors impacted by government ban on oxygen supply for industrial use Apr 23, 2021 05:39 PM IST

    Explained | Sectors impacted by government ban on oxygen supply for industrial use

    Even as India fights to reign in the alarming rise in COVID cases, oxygen shortage across the country is making headlines. Oxygen is used for both industrial and medical purposes. Delhi HC stepped in to divert portion of industrial oxygen towards medical use. This prompted the Centre to prohibit oxygen manufacturers from supplying oxygen to industries from April 22. Watch the video to know which industries have been impacted by the order.

  • mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21 Apr 10, 2021 07:08 PM IST

    mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21

    Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.

  • Steel prices up by up to 10 percent. And there is room for more hikes Apr 06, 2021 09:58 AM IST

    Steel prices up by up to 10 percent. And there is room for more hikes

    Many of the steelmakers raised prices in April, but contend that rates are still lower than international prices and cite robust demand from the auto sector as one of the reasons. The Competition Commission of India had launched a probe in February to check if steel companies have formed a cartel. Union Transport Minister Nitin Gadkari had alleged that steel companies were indulging in cartelisation.

  • IFGL Refractories: Demand from steel industry, completion of capex to drive earnings Apr 06, 2021 09:52 AM IST

    IFGL Refractories: Demand from steel industry, completion of capex to drive earnings

    IFGL has recommended a dividend of Rs 2.50 per share in FY20, and we expect a higher dividend payout or a buyback, thanks to higher cash surplus

  • Top 5 steelmakers seen lowering debt by Rs 35,000 crore this year and next: Report Mar 16, 2021 02:25 PM IST

    Top 5 steelmakers seen lowering debt by Rs 35,000 crore this year and next: Report

    Rising demand and higher prices will boost their operating margins by 23 per cent next fiscal, though down from 25 per cent this fiscal, leading to improved credit metrics for steelmakers, Crisil said in its report.

  • SAIL: Can it rerate further riding on a strong steel cycle? Mar 03, 2021 09:38 AM IST

    SAIL: Can it rerate further riding on a strong steel cycle?

    SAIL remains optimistic about steel demand on the back of higher infrastructure spending and strong rural growth. All eyes are on strategic divestment

  • Commodity market rally can disturb the equity market party Feb 24, 2021 09:59 AM IST

    Commodity market rally can disturb the equity market party

    High commodity prices may not be passed on, having a severe effect on the bottomlines of many companies

  • Govt starts probe to review continuation of anti-dumping duty on some steel items from China Feb 23, 2021 04:42 PM IST

    Govt starts probe to review continuation of anti-dumping duty on some steel items from China

    ISMT Ltd and Jindal Saw Ltd have filed an application before the Directorate General of Trade Remedies (DGTR) for sunset review of anti-dumping duty imposed on imports of 'seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel from China.

  • Find alternatives, punish cartel pushing steel, cement prices: Nitin Gadkari to Indian Road Congress Feb 21, 2021 11:02 PM IST

    Find alternatives, punish cartel pushing steel, cement prices: Nitin Gadkari to Indian Road Congress

    The contractors, government agencies and the poor are being adversely affected due to the exorbitant rise in steel and cement prices, said Nitin Gadkari.

  • Real-estate developers go on strike over cement, steel price hike in Gujarat Feb 12, 2021 02:20 PM IST

    Real-estate developers go on strike over cement, steel price hike in Gujarat

    Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association.

  • JSPL crude steel output jumps 80% to 6.90 lakh tonnes in January Feb 10, 2021 04:28 PM IST

    JSPL crude steel output jumps 80% to 6.90 lakh tonnes in January

    JSPL Managing Director V R Sharma said, 'We have posted good numbers in a challenging environment. With the country getting back to normalcy, we will only do better. We will double our efforts towards rebuilding the economy and the nation'.

  • Exclusive | Steel companies face CCI scrutiny for alleged price cartelisation Feb 09, 2021 11:54 AM IST

    Exclusive | Steel companies face CCI scrutiny for alleged price cartelisation

    India’s anti-trust regulator, Competition Commission of India (CCI) is investigating if steelmakers colluded to hike rates, which have shot up by more than 45 percent since June 2020.

  • Days after Union Budget; hike, cut in steel prices Feb 05, 2021 12:04 PM IST

    Days after Union Budget; hike, cut in steel prices

    Union Budget had reduced import duties on many steel products. But industry observers say the latest hike and cut in prices of some products is not a result of the February 1 measures

  • Steel price spike due to unanticipated rise in demand: S&P Global Platts Feb 03, 2021 03:58 PM IST

    Steel price spike due to unanticipated rise in demand: S&P Global Platts

    Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.

  • Union Budget 2021: Why customs duty cut on steel imports may not impact steelmakers Feb 02, 2021 12:01 PM IST

    Union Budget 2021: Why customs duty cut on steel imports may not impact steelmakers

    Seshagiri Rao, Jt MD and Group CFO, JSW Steel, lists reasons why imports won't undermine the domestic market

  • Union Budget 2021 |  Steel stocks trade mixed as government cuts customs duty Feb 01, 2021 01:11 PM IST

    Union Budget 2021 | Steel stocks trade mixed as government cuts customs duty

    Finance Minister Nirmala Sitharaman announced a 7.5 percent reduction in customs duty on steel.

  • SAIL posts Rs 1,468 crore net profit in December quarter Jan 30, 2021 04:30 PM IST

    SAIL posts Rs 1,468 crore net profit in December quarter

    The company had a net loss of Rs 343.57 crore during the same quarter a year ago, the Steel Authority of India Ltd (SAIL) said in a BSE filing late night on Friday.

  • SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur Jan 24, 2021 03:18 PM IST

    SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur

    It would cost around Rs 400 crore for SAIL to set up the plant, of which 20 per cent "viable gas funding" or aid will be provided by the government under the National Policy on BioFuels 2018.

  • Steel companies engage with vaccine makers for bulk supply of doses for employees Jan 18, 2021 02:41 PM IST

    Steel companies engage with vaccine makers for bulk supply of doses for employees

    The first COVID-19 vaccine shots in India were given on Saturday to nearly two lakh frontline healthcare and sanitary workers as Prime Minister Narendra Modi rolled out the world's largest inoculation drive against the pandemic that has caused 1,52,093 deaths and upended millions of lives in the country.

  • What to make of the steel sector rebound Jan 14, 2021 04:54 PM IST

    What to make of the steel sector rebound

  • FIMI urges Centre to withdraw protective support provided to domestic steel players Jan 03, 2021 04:51 PM IST

    FIMI urges Centre to withdraw protective support provided to domestic steel players

    Union Transport and MSME Minister Nitin Gadkari last month said that he had sought Prime Minister Narendra Modi's attention towards 55 percent hike in steel prices by players during the past six months, making projects unviable.

  • Steelmakers write to PMO defending price hike, demand iron ore export ban Dec 29, 2020 05:56 PM IST

    Steelmakers write to PMO defending price hike, demand iron ore export ban

    Hot-rolled coil prices have increased by 46 percent to Rs 52,000 per tonne in November as compared to Rs 37,400 per tonne in July this year. Rebar TMT, which is used in the housing and construction sectors, had touched Rs 50,000 a tonne, industry sources said.

  • Economic recovery, demand revival spark 2021 hopes for steel sector Dec 23, 2020 05:50 PM IST

    Economic recovery, demand revival spark 2021 hopes for steel sector

    The Indian steel industry grappled with tough times in running their operations as well as witnessed a sharp plunge in demand for steel soon after the coronavirus pandemic and subsequent lockdowns disrupted overall economic activities.

  • Nitin Gadkari cautions steel makers against profiteering; says projects getting unviable, writes to PM Modi Dec 21, 2020 07:40 PM IST

    Nitin Gadkari cautions steel makers against profiteering; says projects getting unviable, writes to PM Modi

    Addressing the Assocham Foundation Week on 'national infrastructure pipeline critical for economic revival across sectors', Nitin Gadkari also said a GPS system for tolling is on the anvil in which toll payments will be deducted automatically on the distance traversed.

  • ICRA upgrades outlook for Indian steel sector to stable Dec 14, 2020 09:32 PM IST

    ICRA upgrades outlook for Indian steel sector to stable

    The momentum has strengthened further in December quarter. The cumulative domestic steel demand in October-November has already surpassed the pre-COVID-19 levels, ICRA said.

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