Housing and construction projects outside urban markets are staring at a slowdown for a few months with dealers and buyers reporting a shortage of long steel products, such as rods, bars and wires. Construction steel, mostly produced by small, secondary steel mills scattered across the southern a... Read more...
Leading branded steel tubes manufacturer APL Apollo Tubes Limited (APL Apollo) has launched “Apollo Coastguard”, a wide range of pre-galvanized steel tubes for exclusive use in roofing in coastal regions. Built to last for generations, “Apollo Coastguard” possess excellent corrosion resistan... Read more...
The rise in prices of steel has hit the construction industry hard. Expenditure on steel constitutes about 15% of any construction project. In projects such as construction of bridges, it goes up to 20% to 25%. Stability in prices of steels is an important factor in signing government or private ... Read more...
The government has buttressed the policy that provides preference to domestically-manufactured iron & steel products (DMI&SP) over imports in government procurement, widening its applicability to every project where the procurement value of iron and steel is above Rs 5 lakh, against Rs 25 cr... Read more...
Tata Steel has collaborated with CII Green Business Centre and relevant stakeholders in the Indian steel sector to develop a GreenPro framework for steel rebars, for first time in India. The GreenPro Ecolabel enables the end-users to make an informed choice about buying steel with the lowest environ... Read more...
Kamdhenu Limited, a well-diversified group in steel and paint, has resumed its production capacity of branded TMT bars to pre-Covid levels in the wake of recovery in the demand of steel products. Kamdhenu Group has a unique franchisee model for manufacturing units and currently having more than 75 f... Read more...
Jindal Stainless (Hisar) (JSHL) will be merged into group company Jindal Stainless (JSL), the management announced on December 29. “The merger of JSL and JSHL will induce a simplified capital structure, expanding the turnover of the merged business to around Rs 20,000 crore. With 1.9 million ton... Read more...
Steel prices have been rising for the past four months. It is interesting to look at the data released in WPI items in which a number of categories, more than 30 of them related to steel, are tabulated and released on a monthly basis. The WPI for November’20 shows that prices of manufacturing o... Read more...
The government may impose anti-dumping duty for five years on certain type of steel products from few countries, including Japan and Korea, to guard domestic players from cheap imports as the Commerce Ministry has recommended for the same. According to a notification by the ministry’s investiga... Read more...
Large integrated steel players are likely to see their market dominance increase this year, with both prices and volumes picking up since September and expected to hold stable till the March quarter. This would make them stand apart in a manufacturing sector that has been battered by covid-19. Wi... Read more...