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Latest Articles in steel industry

Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel

Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.

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Thyssenkrupp Steel Unit Aims For Return To Profit In Fiscal Year 2021/22 - WAZ

Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021

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Steel Strips Wheels Bags Fresh Orders Worth About Rs 11.25 Crore

The company also secured orders worth USD 1,40,000 (around Rs 1.05 crore) along with maiden order for alloy wheels from the EU market.

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ArcelorMittal Flags Lower Profits, Hopes Lockdown Easings Herald Turnaround For Steel

First-quarter core profit this year came in at $967 million, beating an average forecast in a company poll of $867 million.

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Indian Steel Demand Expected To Drop 7.7% In 2020: Indian Steel Association

ISA had estimated in February that the steel demand in calendar year 2020 would grow by 5.1% to touch 106.7 million tonnes.

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British Metals Tycoon Gupta Buys Bankrupt Steel Plant In India

The steel group has operations in 10 countries and 30,000 employees, not including the new Indian operations.

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India Ranks As Second Largest Steel Producer Of Crude Steel: Pradhan

On the other hand, Japan ranks third globally with 104.3 million tonnes of crude steel production in 2018 and 99.3 million tonnes in 2019.

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JSPL Clocks In Highest Ever Quarterly Production, Sales In Q3 FY20

During Q3 FY20, JSPL recorded a growth of 30 per cent in sales at 1.66 million tonnes as against 1.27 million tonnes in the same period last year.

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India Could Extend Deadline On Steel Import Rules For Automakers

Compliance to the new rules had been set for February 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry

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Confident Of Achieving The 2030 Targets: Steel Secretary Aruna Sharma

In an interview with BW Businessworld, Steel Secretary Aruna Sharma talks about the growth of the sector, increasing per capita consumption, dealing with NPAs in the sector, evolution of private players in the steel sector and the challenges the sector is facing due to the ongoing trade wars

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Consolidation & Innovation Will Create a Structurally Sound Indian Steel Industry

It is most likely that future competitive advantage for steel enterprises with sustained higher margins above the industry average will come through innovation in process, product and business models

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Steel Demand Pick-up Positive For Industry: ICRA

The rise in demand was aided by a buoyancy in the automobile sector and recovery in the construction and capital goods sectors

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Tata Steel Third-quarter Profit Surges On Volume Growth

Total revenue from operations grew 15 per cent to Rs 334.47 billion, with revenue from Indian operations up 22 per cent

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Jindal Stainless Revenue Up 36% To Rs 2608 Cr In Q2FY18

The net profit of 27 crore for the quarter was however down by 34 per cent, compared to the first quarter of 2018 which stood at 41 crore

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JSW Steel Second Quarter Profit Up 27%

Total revenue from operations for the quarter jumped about 17 percent to Rs 168.18 billion, with total saleable steel sales rising 2 per cent to 3.96 million tonnes

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