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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Steel prices in India remain competitive compared to international markets: India’s steel ministry

Driven by the market dynamics, steel prices in the country have risen but are still competitive as compared to prices of the metal in the international markets, a steel ministry official said during a CII meet.  Steelmakers in the country have reportedly raised prices of benchmark hot-rolled coil by up to Rs 3,500 a tonne […]

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Tata Steel posts Q1 profit of Rs 9,768 crore

Tata Steel posted a consolidated net profit of Rs 9,768.34 crore for June quarter 2021-22. In the year-ago period, the company incurred a net loss of Rs 4,648.13 crore, Tata Steel said in a BSE filing. Total income soared to Rs 53,534.04 crore during the quarter under review from Rs 25,662.43 crore a year ago. […]

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