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Indicators point to good days ahead for Indian steel industry

That Indian steel consumption in the first two months of the current fiscal has grown by 7% is good news particularly for an industry planning to add fresh capacities of minimum 5-8 million tonnes by year-end. The skeptics may cite ...

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Indian steel prices may stay under pressure in 2015-16

Ratings agency Moody’s said that steel prices in India are expected to remain under pressure in the current fiscal, but the demand is expected to pick up with an uptick in commercial vehicle sales. Moody’s Senior Analyst Mr Kaustubh Chaubal ...

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Indian steel imports in May touches almost 1 million tonne

India’s steel imports in May surged to about a million tonne , indicating tough times are here to stay for domestic producers facing price pressures and cheap imports from countries such as China, CIS, Japan and Korea even though steel ...

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Indian steel firms turn pessimistic on Afghan project

A consortium of seven Indian steelmakers led by state run Steel Authority of India has developed cold feet over a proposed steel, power and mining project at Hajigak in Afghanistan due to security concerns. The companies’ apprehensions have put a question ...

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POSCO’s $12b Indian steel project faces further delay

POSCO’s $12 billion steel plant construction project in India is facing another delay as the Indian state government recently announced an ordinance that will require all mining licenses for iron ore and other minerals to be awarded via auctions. The ...

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Ruble rout exposes Indian steel makers to Russia threat

The rout in Russia’s ruble is making life tougher for Indian steelmakers. Companies such as Tata Steel Ltd, JSW Steel Ltd and Steel Authority of India Ltd (Sail) planned higher output, aided by Prime Minister Narendra Modi’s push for faster ...

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Ruble rout exposes Indian steel makers to Russia threat

Mumbai: The rout in Russia’s ruble is making life tougher for Indian steelmakers. Companies such as Tata Steel Ltd, JSW Steel Ltd and Steel Authority of India Ltd (Sail) planned higher output, aided by Prime Minister Narendra Modi’s push for ...

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U.S. duties on Indian steel broke rules, WTO finds

An appeals board of the World Trade Organization said Monday that U.S. duties on Indian steel broke WTO rules, and asked the United States to bring them into line with its regulations. The American steel industry’s trade association said the ...

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Indian steel producers in arms over iron-ore mining leases

Indian steel producers are up in arms over the grant of an iron-ore mining lease to merchant miners, in the southern province of Karnataka. The provincial government of Karnataka, where a Supreme Court order in 2011 banned iron-ore mining, was hoping to restart operations and in the process ...

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India’s Steel Industry Braces For Chinese Construction Investment

A report in China Daily quoted a senior officer of India’s TATA STEEL (NSE:TISC) saying that for Chinese steel companies facing overcapacity problems, it might be a good idea to invest in India, which is now allowing 100% foreign direct investment in construction ...

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