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Latest Articles in Steel

JSW Steel Production Up 30 % In Q2 At 3.85 Million Tonnes

JSW Steel is the only Indian company ranked among the top 10 steel producers in the world by World Steel Dynamics for the last 10 consecutive years.

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India's April-August Steel Consumption Lowest In Six Years

Steel consumption, in the first five months of the fiscal year, was at 27.4 million tonnes, a 35% fall over last year, data showed.

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ArcelorMittal In Talks To Merge US Assets With Cleveland-Cliffs

ArcelorMittal's U.S. business has more than 18,000 employees and 25 facilities, including mines, steelmaking facilities and finishing operations, according to the company's website.

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SAIL Board Restructuring Gets ACC's Approval, To Bring In Greater Efficiency, Decentralisation

The board will have non-official directors as per the Companies Act 2013 and two government nominee directors as per the Department of Public Enterprise policy.

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ICRA Reaffirms JSPL's Ratings With Stable Outlook

ICRA said the rating reaffirmation factors in JSPL's healthy standalone operating performance in FY21 despite subdued demand trends and challenging market conditions.

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India's JSPL Expects To Produce 19% More Steel This Year As Demand Surges

Indian steel mills more than doubled their exports in April-July to hit their highest level in at least six years, boosted by a surge in Chinese buying, despite tensions between New Delhi and Beijing over a disputed Himalayan border.

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Jindal Stainless Reports Q1 Loss At Rs 87 Crore As Sales Contract 60 %

The net revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) were severely hit to stand at Rs 1,262 crore and Rs 78 crore respectively.

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JSPL Consolidated Steel Sales Up 38 % In Aug At 8.36 Lakh Tonnes

JSPL's standalone steel production rose by 18 per cent with 6.25 lakh tonnes last month in comparison to 5.29 lakh tonnes in August last year.

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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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Steelmaker Voestalpine Books Quarterly Loss, Sees Recovery In China

Global steel demand is expected to fall 6.4% this year due to the COVID-19 pandemic's impact on industrial and construction activity, before bouncing back next year, according to the World Steel Association.

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Nippon Steel May Hasten And Extend Restructuring Measures

The world's third-largest steelmaker posted a net loss of 42 billion yen ($397 million) for the April to June quarter against a profit of 33 billion yen a year earlier, as shipments fell 23% on slumping demand from automakers and other manufacturers.

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JSPL Clocks 29 Pc Hike In July Steel Sales To 6.37 Lakh Tonnes

JSIS Oman recorded 11 per cent increase in production to 1.37 lakh tonnes while sales volumes rose by 6 per cent to 1.25 lakh tonnes.

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JSPL Clocks Q1 PAT Of Rs 505 Cr, Up 125 % Y-O-Y

The profit before tax in Q1 FY21 was Rs 663 crore, up 93 per cent from Rs 344 crore in Q1 FY20.

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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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Moody's Confirms JSW Steel's Ba2 Ratings With Negative Outlook

India's economic growth will also remain materially lower than in the past with real GDP shrinking 3 per cent.

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