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What does it take for a fabricator to run a robotic press brake ...
Thu, 17 Aug 2023 15:10:00 GMT
Hickey Metal Fabrication, Salem, Ohio, has learned a lot since installing a large robotic press brake earlier this year.

Lower input cost to offset impact of low steel prices
Wed, 26 Jul 2023 00:00:00 GMT
JSW Steel Ltds joint managing director and chief executive, Jayant Acharya, expects lower raw material costs to offset the impact of declining steel prices. Furthermore, he is of the view that steel prices have bottomed out in many regions of China besides other parts of the world. The favourable price environment is leading to increased confidence in the global steel industry, he said in an interview. Edited excerpts: Whats your view on JSW Steels Q1 performance amid challenges posed by

Delhi HC dismisses JSPL's plea over Odisha coal block
Wed, 26 Jul 2023 00:00:00 GMT
The Delhi HC on Tuesday dismissed Jindal Steel & Power's petition seeking quashing of the grant of an Odisha coal block to Rungta Sons Pvt Ltd, which had emerged as the highest bidder in a February 28 e-auction for commercial coal

Indias JSW Steel says Q1 profit nearly triples on demand surge
Sat, 22 Jul 2023 00:00:00 GMT
Indias JSW Steel Ltd JSTL.NS reported a first-quarter profit on Friday that nearly tripled, helped by higher sales on the back of a pickup in infrastructure activity. Consolidated net profit climbed to 24.28 billion Indian rupees ($296 million) in the quarter ended June 30 from 8.39 billion rupees a year earlier, when the results were impacted by a tax on steel exports. While overall steel sales jumped 27% from a year ago, JSW Steel said it also reported increased price realisations due to

Around 40 MT new steel capacity to be commissioned by FY26: Assocham
Sat, 27 May 2023 00:00:00 GMT
Around 40 million tonne (MT) of new steel-making capacity will be commissioned by 2025-26, an industry executive said on Thursday. Vinod Nowal the Chairman of Assochams National Council on Iron and Steel made the remarks at India Steel Summit in the national capital. Domestic steel production capacity is expected to touch 300 MT and crude steel production is likely to reach 255 MT by FY31, he said. Nowal, who is also the chairman of JSW Bhushan Power and Steel Ltd, said, Fresh steel

Indias JSW Steel posts contraction in fourth-quarter margin
Sat, 20 May 2023 00:00:00 GMT
JSW Steel Ltd on Friday said core profit margins contracted in the fourth quarter as expenses and weak steel prices weighed amid global headwinds. Margins on the earnings before interest, taxes, depreciation and amortisation (EBITDA) shrank to 16.9% in the quarter ended March 31, from 19.6% a year earlier. Consolidated net profit climbed more than 13% to 36.64 billion rupees ($448 million) from 32.34 billion rupees a year earlier. The year-ago quarter had an exceptional charge of 7.41

Indias JSW Steel to invest $145 mln to upgrade U.S. manufacturing
Thu, 04 May 2023 00:00:00 GMT
Indias JSW Steel Ltd JSTL.NSsaid on Wednesday that its unit, JSW Steel USA, plans to invest $145 million in new projects to upgrade its manufacturing operations in Ohio. These investments & projects will help us in producing high quality melted and manufactured in USA steel products required by our customers in the infrastructure and renewable energy sectors, said Parth Jindal, director of JSW Steel USA. Source: Reuters - (Reporting by Ashna Teresa Britto in Bengaluru; Editing by

JSW Steel quarter four crude steel output rises to 6.58 MT
Mon, 10 Apr 2023 00:00:00 GMT
While the company achieved 100 per cent of its guidance for consolidated Indian operations, production volumes at JISPL (JSW Ispat Special Products Ltd) and JSW Steel USA - Ohio were impacted due to shutdowns and subdued market conditions for part of the year, it

India: After a tough FY23, steel companies may see a gradual ...
Wed, 05 Apr 2023 00:00:00 GMT
Financial year 2022-23 was a difficult one for steel companies with a slew of headwinds such as dull demand, government imposing export duty on the metal and elevated input costs. While the export duty levy was rolled back in November, weak global demand environment did not help. Analysts at Nomura Financial Advisory and Securities (India) hosted a conference call with JSW Steel Ltds management. JSW expects an uptick in the contribution of total exports in the March quarter (Q4FY23) from

Global operations weighing on local metal companies' margins
Wed, 15 Feb 2023 00:00:00 GMT
The companies include Tata Steel, JSW Steel, Hindalco Industries and Jindal Steel & Power. However, the companies are hopeful of a turnaround in the ongoing financial

The power of a multigenerational family metal manufacturing company
Mon, 13 Feb 2023 07:00:00 GMT
Growing aggressively in the face of a difficult labor market has earned Salem, Ohio-based and multigenerational family-owned Hickey Metal Fabrication The FABRICATORs 2023 Industry

Withdrawal of export duties, China opening up beneficial for ...
Tue, 24 Jan 2023 00:00:00 GMT
The withdrawal of export duties and China opening its economy would bring in further gains to the Indian steel sector, and the fourth quarter is expected to be a better period. Further, the correction in raw material and steel prices would open up export avenues for the sector, according to a top official at JSW Steel. However, the sentiment for FY24 is cautious as overall steel prices will remain range bound and the margins will get normalised, JSW Steel joint MD and group CFO Seshagiri

Number of JSW news reports: 12
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