Indian steel demand expected to drop 7.7% in 2020
Mining News Pro - Indian steel demand is expected to plunge to multi-year lows in 2020, hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown, a leading industry body said.
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Visit: 722
Indian Steel Market Snapshot
Mining News Pro - Indian secondary steel prices remained on downtrend during the week-10 due to limited inquiries and improved supply. Also, the lifting of finished products remained slow.
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Visit: 923
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices drop further during the week-46 (9-16th Nov`19) on account of poor lifting and lessened inquiries. As per mid sized mills, this week demand was not upto the mark, hence the prices drop slightly.
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Visit: 907
Indian Steel Mill Books 20,000 MT HRC for Export to Vietnam
Mining News Pro - SteelMint in conversation with market participants shared that a major Indian steel mill have concluded a deal with Vietnam for April end-May shipments.
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Visit: 1442
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian domestic steel prices declined during the week - 43 (22-27 Oct) of 2018. The prices fall in line with poor domestic & export demand.
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Visit: 1266
Indian Steel Sector’s Honchos to Join Global Steel Body – World steel Steel Association
Mining News Pro - According to the latest reports, global body World Steel Association (WSA) today has elected JSW Steel CMD Sajjan Jindal as its treasurer whereas Tata Stee MD T V Narendran is appointed one of its members. Indian-origin L N Mittal, Chief of Arcelor Mittal will also be joining WSA as its member.
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Visit: 1740
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian Iron & Steel prices remain on down trend during the week-41 (8th-13th Oct`18) on slack demand. As per participants, the buyers have lower their purchases due to constant fall in prices amid festive mood.
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Visit: 1224
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian Steel prices were down trend during the Week -40 (1st-6th Oct`18) over limited spot trades amid robust supply. However by the end of week, the prices have started to gain momentum with better demand from the domestic mills.
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Visit: 1362
Indian Steel Majors Gear up to Set up Steel Plants in Odisha after Approvals from the State Government
Mining News Pro - Mineral-rich Odisha is aspiring to become a manufacturing hub in India with downstream metal industries and is likely to have an incremental steel capacity of 56 MnT per annum (MTPA) in the next few years, taking its overall production level to more than 100 MTPA by 2030.
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Visit: 1109
Indian Steel Export Offers to Nepal Drop on Falling Domestic Prices
Mining News Pro - Export offers of Indian Induction route billets & wire rod to Nepal continue to move down in line with falling prices in domestic market on wake of improved supply & weak demand.
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Visit: 1040
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian Iron & Steel market remained on down trend during the Week-38 (17-22 Sep’18) owing to lack of domestic demand & Improved supply of Semis products.
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Visit: 1106
Nepal: Indian Steel Export Offers Up; Limited Deals Reported
Mining News Pro - Indian Billet & Wire rod export offers to Nepal have moved up against last week. However not significant deals were reported.
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Visit: 1100
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices rally during the Week 36 (1-8 Sept’18) on improve domestic demand & rising raw material prices. The producers claimed that, the consistent increase in raw materials has pushed up the input cost, also as the demand has improved, the steel prices soared.
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Visit: 1117
What is the Likely Impact of Currency Depreciation on Indian Steel Sector?
Mining News Pro - The U.S. government announcement of steep tariffs on steel and aluminium imports in the month of March 2018 has irked a trade war like situation between U.S. and other economies including China, India, Canada, EU (European Union) to name a few.
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Visit: 1543
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices increased sharply during the Week 34 (20-25 Aug) on improved domestic demand and supply concern of raw materials.
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Visit: 1146
Indian Steel Mills Continue to Book South African Lump Import Vessels
Mining News Pro - Western and Southern India based steel mills have enhanced booking of import vessels of South African lump for September and October deliveries.
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Visit: 1017
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices moved up in week-33 (13-18 Aug’18). Market sentiments remained on positive side as in last week with rally in pellet export prices as well as improved trades.
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Visit: 981
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices moved up in week-33 (13-18 Aug’18). Market sentiments remained on positive side as in last week with rally in pellet export prices as well as improved trades.
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Visit: 962
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel prices moved up during the Week 31 (30 Jun- 4 Aug) on improved domestic & export inquiries.
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Visit: 1021
Indian Steel Market Weekly Snapshot
Mining News Pro - During the Week-30 (23-28 June) of 2018, Indian domestic trade activities were subdued on average supply movements amid uncertainty in the market over logistic issue.
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Visit: 1072
Indian Steel Industry Performance: H1 CY18 Vs H1 CY17
Mining News Pro - Indian Steel Industry performance was cheerful during the Jan-June (H1) of 2018 over strong domestic demand. The prices of all commodities rose sharply and margins (conversion spread) also stood healthier during the H1, 2018 as compared to Jan-Jun (H1) of 2017.
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Visit: 1100
How Indian Steel Major JSW Steel’s Domestic and Overseas Expansion Plans Look Like?
Mining News Pro - India’s one of the largest steelmakers, JSW Steel is undergoing major expansion at its Dolvi unit in Maharashtra, Vijaynagar plant in Karnataka and has also announced plans for its overseas plate plant in U.S. Let us review in details the company’s domestic and overseas operations expansion plans:
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Visit: 2273
Trading tensions were also unable to reduce the volume of Indian steel mills
Mining News Pro: During the fiscal year 2018-2019 (from June 30th), TATA Steel, a steel producer in India, reported that the production of crude steel and finished steel products of Indian factories was about 3.2 million tons and 3 million tons, up 7.8 percent and 8% compared to the same period last year.
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Visit: 957
Indian Steel Market Weekly Snapshot
Mining News Pro - Indian steel market remained quite uncertain for the week 27 (2-7 July, 2018) as the prices of raw materials like Iron ore, pellet and coking coal have moved up. However, the prices of Semis & Finished long steel products slump by INR 500-1,800/MT (USD 7-26), as per SteelMint assessment.
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Visit: 1025
Indian Steel Market Weekly Snapshot
Mining News - Indian steel market remains subdued in week-26 (25-30 June) owing to lessen trade activities in domestic market. As per producers in major markets, ongoing monsoon amid disruption of demand-supply chain have pressurised to reduced prices.
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Visit: 935