India’s domestic steel demand and production unlikely to be impacted in FY22: Moody’s Investors Services

In a report published recently, Moody’s Investors Service has said the combination of steady progress in vaccinating people and rising government spending on infrastructure will support a sustained recovery in Indian economic activity. This, in turn, will give a fillip to demand for steel and cement required for infrastructure building and construction activities. Besides Moody’s, […]

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India’s steel industry faces great challenges in reducing impact of carbon emissions

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The Indian government said reducing the impact of carbon emissions is “one of the greatest challenges” for the steel industry, and called for collaboration among stakeholders to address the issue. Speaking at a webinar ‘By-Product Management for Indian Steel Industry’ organised by industry body FICCI, Steel Additional Secretary Rasika Chaube said it is important to […]

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India’s top four steel players’ production rises 6% to about 15 million tonnes in Oct-Dec 2020

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The country’s top four steel makers jointly produced 14.95 million tonne (million tonnes) steel in the October-December quarter of the current fiscal, registering a 6 per cent year-on-year rise. The total steel output of JSPL, JSW Steel, SAIL and Tata Steel India was 14.09 million tonnes during the same quarter of 2019-20. During the quarter […]

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Non-integrated steel makers to profit from weak forecast on iron ore prices; Odisha iron ore output rises 13%

Leading non-integrated steel players like Jindal Steel & Power Ltd (JSPL) and JSW Steel Ltd are set to profit from the muted hike in domestic iron ore prices. The subdued iron ore prices would also benefit Tata Steel as Bhushan Steel (a company Tata Steel took over in insolvency resolution) sources ore from Odisha, a […]

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India’s crude steel output declines 4% to 8.99 million tonnes in January 2019

India’s crude steel production fell by 3.84 per cent to 8.995 million tonnes in January 2019, according to the Joint Plant Committee (JPC). The fall is reported after World Steel Association (worldsteel) recently announced that India has replaced Japan as the world’s second-largest steel producing country. On January 25, 2019,  worldsteel in its report noted […]

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