CATEGORIES

Copper Prices Seen Hovering At $6,000/ton By Year-End

Copper prices are not expected to go down beyond $6,000 per ton by the end of this calendar. Currently, London Metal Exchange (LME) prices are at around $6,500 per ton. Where the outlook is concerned, Santosh Sharma, Chairmancum-Managing Director, Hindustan Copper, told Steel Insights: “We expect the prices to go down to $6,000 per ton by this year-end. But I don’t expect these to go down further than this. Prices were hovering around $6,700 per ton earlier. Demand and dollar fluctuations are reasons for the slide.”

Coking Coal Offers Ease In September

After a steady rise over the last couple of months, seaborne coking coal prices started easing in September mainly due to low procurement by China, industry sources said.

NMDC Geared To Meet Iron Ore Requirements: CMD

NMDC Ltd. is bullish on the growth prospects of Indian steel industry and geared up to meet the growing iron ore requirements in the country, N Baijendra Kumar, Chairman-cum-Managing Director, said.

Come September And Motown Revs Up

Come September, and the country’s auto villa had reasons to cheer, as all leading car makers, apart from Ford India, saw their sales graph moving northward, boosted by the festivities.

Tata Steel And Thyssenkrupp Sign MoU In Equal JV

Tata Steel Limited and Thyssenkrupp AG have signed a Memorandum of Understanding (MoU) to create a leading European steel enterprise by combining the flat steel businesses of the two companies in Europe and the steel mill services of the Thyssenkrupp group.

2017: The Year Of Long-Overdue Restructuring Of Steel Industry

The commencement of a long overdue restructuring of the Indian steel industry may be seen as one of the sectoral milestones of 2017.

Prices Of Silico Manganese On High Growth Trajectory

The Indian producers of Ferro alloys are quoting or trading at an export price of about $1,1501,160 on FOB basis for 65-15 percent grade silico manganese (SiMn).

Tata Steel Net Profit Surges In Q3

Tata Steel recorded a 389.83 percent increase in consolidated net profit during the third quarter to ₹1,135.92 crore, against ₹231.90 crore in same period last year, led by higher production and sales volume in India and improved realisations, the company said in a BSE filing.

One India, One Power Tariff Is Need Of The Hour

The installed capacity of the bulk ferro alloys industry in India is 5.15 million tons but the capacity utilisation level is only at 50-55 percent. This is because the domestic ferro alloy industry (manganese alloys) is reeling under high power tariffs and cheaper imports from Malaysia. The need of the hour is thus a relook at the country’s energy pricing policies. India should also look to build further on its existing presence in overseas locations like South Africa, Zambia, Mozambique etc and seek opportunities to own ferro alloy assets there, J K Chatterjee, Secretary General, The Indian Ferro Alloys Producers' Association (IFAPA), tells Madhumita Mookerji. He also feels the industry should look at value-added ferro alloy products big time and explore ways to market the same. Excerpts from a freewheeling interview:

Steady Pipeline Of Infra Projects To Drive Case India's Growth

Advanced technology, construction equipment (CE) rental and financing trends will trigger growth as government focusses more on infrastructure, roads, highways and mining sector.

JSPL Completes First-ever Rail Order Ahead Of Schedule

Jindal Steel and Power Ltd (JSPL) has completed delivery of its one lakh ton first-ever rail order, which the firm had bagged from the Indian Railways.

JSW Group Enters Paints Business With JSW Paints

India’s leading business conglomerate JSW Group has entered the paints business in India with JSW Paints. This is part of the Group’s diversification into consumer facing organized paints sector, according to a company statement.

Seaborne Coking Coal Offers Ease Marginally

Seaborne coking coal offers eased marginally in April 2019 amid limited trading in key markets of China and India, industry sources said.

Tata Steel Posts Q4 Profit Of ₹2,431 Crore

Tata Steel reported a profit of 2,430.92 crore (attributable to the shareholders) for the quarter ended March 31. Analysts had projected a profit of 2,330 crore.

Danieli Universal Endless (Due®): The First-ever Universal Solution For Flat Products Is Now On Stream

Shougang Jingtang United Iron & Steel Co. Ltd. (SGJT) in 2016 confirmed its trust in and satisfaction with the technological equipment supplied by Danieli in previous projects, placing another order to the Group for the world first DUE® plant, for the new facility in Caofeidian Industrial Area, Tangshan City, Hebei Province, China.

Hot Dip Galvanizing Line Producing GI And GA Coils For Automotive Applications

In order to minimize the problem of autobody corrosion, steel sheets for automotive body panels have undergone enormous changes from the conventional cold rolled steel sheets to coated steel sheets.

Traffic Handled By Major Ports Up 1.5% Till June

The 12 major Indian ports handled 176.8 million tons (mt) of total traffic during April-June 2019, about 1.5 percent higher than 174.2 mt recorded for April-May, 2018, according to data released by the Indian Ports Association (IPA).

Motown Plagued By Low Demand In July

Demand distress seems to be plaguing car sales for the fourth consecutive month of the current fiscal.

The Great Steel Shake-Out

Life post-NCLT

India Steel Demand, Production Likely To Be Firm In FY19

The demand for steel from user industries is likely to result in increase in production and is expected to keep the prices firm during 2018-19, according to industry analysts.

Car Sales In June Ride Northward

India’s top auto makers’ June sales ended on a positive note with all major players posting growth over the same month of the previous year.

We May Be Entering A Long, Flat Sideways Peak

Dr Edwin Basson, as the Director General of the World Steel Association (worldsteel), is focused on taking steel consumption to places in a global industry that has been rocked by the slowdown but is just beginning to sprout some green shoots. Madhumita Mookerji caught up with the ‘man of steel’ on the sidelines of the recently-held Indian Steel Markets Conference, organised in Kolkata by mjunction services limited, for a freewheeling interview, where he spoke on topics ranging from the impact of Trumponomics on global steel, China’s impending demand plateau of the metal, India’s future steel prospects and how, globally, steel usage growth will level out because ‘circularisation’ will displace new demand. Excerpts:​​​​​

Steelmin To Propose Increase In Import Duty On Products

The steel ministry is proposing an increase in the effective import duty on some steel products to 15 percent from the current rates of 5-12.5 percent, sources said.

ISA To Unveil First Global Conclave In India

The $100-billion Indian steel industry is estimated to grow at a rapid pace in 2018 and beyond.

Tata Steel signs agreement to acquire Usha Martin's steel biz

Tata Steel Limited has announced that it has executed definitive agreements for acquisition of the steel business of Usha Martin Limited through a slump sale on a going concern basis.

Copper Industry Facing Imports Onslaught

Hindustan Coppers current mine expansion plan has been increased from 12.4 to 20 million tons per year in the next six years

India's Aug crude output rises 3.7%

Indias crude steel production in August 2018 rose 3.7 percent to 8.84 million tons (mt) as against 8.52 mt in the same period last year, latest figures from the Joint Plant Committee (JPC) of the Ministry of Steel showed.

Sponge Iron Production In South Under Pressure

Sponge iron offers in the southern region are likely to come under pressure as buyers in western India may turn towards central and eastern region sponge iron producers where prices have gone down by almost 1,500-2,000 per ton, raising price competitiveness amongst major producers.

Long Products Rise From Construction Rubble

8-10 percent growth likely for the rest of fiscal 2018-19.

Demand Spurs Steel Price Hike

Strong demand growth in the domestic market, steel producers are set to hike product prices by 1,000 a ton from March 1.