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Steel makers reap benefits of retail sales

For India’s steel makers that started directly selling to customers three years ago through dedicated retail stores, it’s finally time to collect the dividends. As customers turn increasingly brand-conscious in an economy starved of industrial demand, retail sales growth for ...

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Galvanised steel producers to cut prices by 5%

Steel manufacturers will soon reduce galvanised prices by three to five per cent or  Rs 1,000–1,500 a tonne, thanks to a steep decline in raw material costs. “Falling raw material prices have reduced the cost of production; we will pass ...

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India plans to import 15 million tonnes of iron ore

The largest steel producing domestic company in the country, JSW Steel Ltd, is planning to import the maximum amount of iron ore , which is nearly 9 million tonnes, the other company Tata Steel Ltd, is planning to import about 2 million ...

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High local ore prices prompt steel makers to look overseas

Mumbai: India will import nearly 15 million tonnes of iron ore in 2015 as higher domestic prices amid a supply shortage push top steel makers to import more, said industry executives. JSW Steel Ltd, with the largest domestic capacity for steel ...

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