Domestic Steel Demand
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Jindal Steel & Power Third Quarter Profit Falls 27% To Rs 1,866 Crore
JSPL on Tuesday reported a 27.2 per cent drop in consolidated profit at Rs 1,866.08 for the quarter ended December 2021
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JSW Steel Posts Highest Ever Profit At Rs 4,198 Crore In March Quarter
JSW Steel Q4 Results: Steel major JSW Steel reported its highest ever quarterly net profit at Rs 4,198 crore driven by robust domestic demand, exports, and improved steel prices.
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Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency
The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales
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Look At 'China First' Policy - From Maritime Silk Route To One Belt One Road
As China's economic growth slows down to 6.5% for this financial year, and its domestic demand slumps - it is pushing hard to expand its industry and investment beyond its boundaries, especially in steel, concrete, housing and infrastructure sectors. The country is also trying to change the pivot to a "China First" policy of economic relations with...
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High Coking Coal Prices Can Squeeze Steel Firms' Profits: Fitch
Full impact of the recent jump in coking coal prices on steelmakers will be felt from the later part of the third quarter of 2016-17, ratings agency Fitch said.
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Stainless Steel Firms Urge Government To Hike Import Duty
Reeling under an onslaught of cheap imports, the domestic stainless steel industry has urged the government to raise the import duty on such products to 12.5 per cent.
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Steel Demand In India To Outpace Regional Average: Moody's
Steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand, Moody's said on Wednesday.
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Domestic Steel Industry May See Gradual Recovery: Care Ratings
Lower input costs and improvement in domestic realisations due to reduction in imports may lead to gradual recovery in the domestic steel industry, Care Ratings has said in a report.
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India's Coal Imports Decline 19% In May
Coal imports declined by 19.2 per cent to 16.38 million tonnes last month on the back of sufficient availability of domestic fuel.
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India's Steel Consumption Hits 1-Year Low
Steel consumption in India fell to 5.75 million tonnes (MT) last month, the lowest since April 2015, dealing a fresh blow to domestic manufacturers already battling cheap imports.
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Demand For Package For Steel Sector Referred To Finance Ministry
Demand for a comprehensive package for helping the domestic steel industry has been referred to the Department of Financial Services, Union Minister Vishnu Deo Sai said on Wednesday.
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Steel Consumption Drops in February, First Time in Three Months
This is the first fall in domestic demand since November last year when steel consumption fell 15.5 per cent to almost 6 mt from the preceding month, but rose 11.2 per cent from a year earlier.
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Infra Spending Unlikely to Boost Domestic Steel Demand: Fitch
The increased infrastructure spending in the budget 2016-17 is unlikely to provide a boost to domestic steel demand growth, Fitch Ratings said today. However, the ratings agency said in a statement that demand can grow if "project execution rates pick up significantly".
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No Relief Seen for Indian Steelmakers Despite Floor Price: Fitch
Slow domestic demand growth and overcapacity will numb the impact on Indian steelmakers from a floor price just imposed on steel product imports to stem inflows from China, Fitch Ratings said on Thursday.
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Tata Motors, Metal Stocks Plunge on China Worries
The sustained depreciation in the yuan makes imports from China cheaper and may lead to higher import of Chinese goods. Investors worry that cheap metal imports from China will dampen the demand for domestically produced goods.
-
Jindal Steel & Power Third Quarter Profit Falls 27% To Rs 1,866 Crore
JSPL on Tuesday reported a 27.2 per cent drop in consolidated profit at Rs 1,866.08 for the quarter ended December 2021
-
JSW Steel Posts Highest Ever Profit At Rs 4,198 Crore In March Quarter
JSW Steel Q4 Results: Steel major JSW Steel reported its highest ever quarterly net profit at Rs 4,198 crore driven by robust domestic demand, exports, and improved steel prices.
-
Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency
The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales
-
Look At 'China First' Policy - From Maritime Silk Route To One Belt One Road
As China's economic growth slows down to 6.5% for this financial year, and its domestic demand slumps - it is pushing hard to expand its industry and investment beyond its boundaries, especially in steel, concrete, housing and infrastructure sectors. The country is also trying to change the pivot to a "China First" policy of economic relations with...
-
High Coking Coal Prices Can Squeeze Steel Firms' Profits: Fitch
Full impact of the recent jump in coking coal prices on steelmakers will be felt from the later part of the third quarter of 2016-17, ratings agency Fitch said.
-
Stainless Steel Firms Urge Government To Hike Import Duty
Reeling under an onslaught of cheap imports, the domestic stainless steel industry has urged the government to raise the import duty on such products to 12.5 per cent.
-
Steel Demand In India To Outpace Regional Average: Moody's
Steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand, Moody's said on Wednesday.
-
Domestic Steel Industry May See Gradual Recovery: Care Ratings
Lower input costs and improvement in domestic realisations due to reduction in imports may lead to gradual recovery in the domestic steel industry, Care Ratings has said in a report.
-
India's Coal Imports Decline 19% In May
Coal imports declined by 19.2 per cent to 16.38 million tonnes last month on the back of sufficient availability of domestic fuel.
-
India's Steel Consumption Hits 1-Year Low
Steel consumption in India fell to 5.75 million tonnes (MT) last month, the lowest since April 2015, dealing a fresh blow to domestic manufacturers already battling cheap imports.
-
Demand For Package For Steel Sector Referred To Finance Ministry
Demand for a comprehensive package for helping the domestic steel industry has been referred to the Department of Financial Services, Union Minister Vishnu Deo Sai said on Wednesday.
-
Steel Consumption Drops in February, First Time in Three Months
This is the first fall in domestic demand since November last year when steel consumption fell 15.5 per cent to almost 6 mt from the preceding month, but rose 11.2 per cent from a year earlier.
-
Infra Spending Unlikely to Boost Domestic Steel Demand: Fitch
The increased infrastructure spending in the budget 2016-17 is unlikely to provide a boost to domestic steel demand growth, Fitch Ratings said today. However, the ratings agency said in a statement that demand can grow if "project execution rates pick up significantly".
-
No Relief Seen for Indian Steelmakers Despite Floor Price: Fitch
Slow domestic demand growth and overcapacity will numb the impact on Indian steelmakers from a floor price just imposed on steel product imports to stem inflows from China, Fitch Ratings said on Thursday.
-
Tata Motors, Metal Stocks Plunge on China Worries
The sustained depreciation in the yuan makes imports from China cheaper and may lead to higher import of Chinese goods. Investors worry that cheap metal imports from China will dampen the demand for domestically produced goods.
