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IndiGo, Tata Steel, State Bank likely to be in limelight today
Wed, 30 Sep 2020 23:55:06 GMT
IndiGo, Tata Steel and State Bank of India likely to be positive while Sun Pharma may be in the negative territory.

India Ratings maintains negative outlook on domestic steel sector
Wed, 30 Sep 2020 00:00:00 GMT
India Ratings and Research (Ind-Ra) has maintained a negative outlook on the steel sector and expects an operational recovery to pre-Covid-19 levels in second half of FY22, though large players could recover earlier. While the domestic demand did show initial signs of recovery in mid-Q2FY21, with the unleashing of pent-up demand, its sustenance would depend on a macroeconomic pick-up from timely government reforms and stimulus to push up domestic consumption and investment activity, said the

Mining industry steps up for Jerusalema challenge
Sun, 27 Sep 2020 22:34:25 GMT
Sishen women in mining participate in Jerusalema challenge. Video credit: Germano Moses Kumba Iron Ores Sishen mine was among various mines which participated in the Jerusalema challenge. The Jerusalema dance challenge has become a worldwide phenomenon in countries such as Canada, Spain and Angola to name a few. The challenge even caught President Cyril Ramaphosas attention who urged South Africans to participate in the Jerusalema challenge on Heritage Day. Sishens talented women in mining did not disappoint when they took part in the challenge. Other mines who also participated in the challenge include Seritis Kriel collliery and Sasols Bosjesspruit operation. The post Mining industry steps up for Jerusalema challenge first appeared on Mining

ISSDA webinar on digital marketing of stainless steel
Fri, 25 Sep 2020 11:55:00 GMT
The Indian Stainless Steel Development Association (ISSDA) recently organized a webinar in collaboration with Bruce Clay India on the subject of digital marketing of Stainless Steel and its

Delay in deciding BPSL case will only hurt lenders and bidder
Thu, 24 Sep 2020 00:00:00 GMT
Delays in deciding the Bhushan Power & Steel (BPSL) case will only hurt the affected lenders and the bidder, a top JSW Steel executive told ET, even as the Enforcement Directorate approached the top court against a judicial order that had approved the JSW bid for the debt-laden

Indian government prepares policy to develop steel clusters
Tue, 22 Sep 2020 00:00:00 GMT
The Indian government has prepared a draft framework policy for the development of steel clusters in the country, Manufacturing Today reported. Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic. Does your company have a steel buying strategy based on current steel price trends Steel clusters to generate employment, increase value-added output The idea behind setting up such clusters is twofold. First, the government wants to

India turns net exporter of steel to China for the first time ...
Mon, 21 Sep 2020 06:50:00 GMT
The COVID-19 pandemic and the nationwide lockdown may have disrupted domestic demand, steel manufacturers in India have been boosted by a surge in exports, especially to our neighbour China, even as

Steel industry witnesses demand revival
Fri, 18 Sep 2020 00:00:00 GMT
A surge in demand from the auto and white goods sectors and moderate activity in government infrastructure projects are driving the recovery of large Indian private steel producers, with some even beating last years numbers. However, small steel producers had to cut production because of severe shortage of raw material and higher input costs. Indias largest steel producer, operated at 100% capacity for the first time in August since the nationwide lockdown, Tata Steels managing director

Indian steel output gets a wake-up call from China
Mon, 07 Sep 2020 00:00:00 GMT
A recent report published by Moodys expects Indias steel demand to fall by 10% during financial year 2020-21. In financial year 2019-20, the steel demand in India stood at 100.15 million tons. However, the actual demand in 2020-21 is likely to be less than 90 million tons. That is because, most principal steel using sectors like construction, infrastructure, white goods and automobiles have been operating at sub-optimal capacities reducing the demand for steel. Even the 10% fall that

India: Fall in coking coal price to boost steel companies profit
Mon, 07 Sep 2020 00:00:00 GMT
Domestic hot-rolled coil prices have gone up by 4,000 a tonne on the back of buoyant international prices and gradual improvement in domestic demand conditions. Seaborne coking coal prices have fallen to about $106 a tonne by August-end from $163 in March due to sharp dip by major importing countries such as Japan, European Union, South Korea and India due to Covid pandemic. The fall in coking coal prices is expected to more than negate the impact of rise in domestic iron ore price. Steel

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