Moving towards the completion of its Oman unit divestment, Naveen Jindal-led Jindal Steel & Power (JSPL) arm Jindal Steel & Power (Mauritius) Limited has sold its balance stake to Vulcan Steel in the second and final tranche. In a BSE filing, the Delhi-based primary steel producer tod... Read more...
The recent price hikes by steel manufacturers have also come on the back of the firm demand. Thus, with rising volumes and improving realizations, Indian manufacturers are set to report improved earnings. Steel stocks have been in demand in the wake of domestic firms reporting strong sales volume... Read more...
After a pause, prices of steel and iron ore are on the rise. Steel companies have increased prices by up to Rs 5,000 a tonne beginning April while state-owned iron ore producer, NMDC has hiked prices of lump ore by Rs 500 a tonne. Steel producers said that prices of hot rolled coil – a benchmar... Read more...
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price o... Read more...
DURING THE PANDEMIC WE HAD NOTICED BUYERS MOTIVATED TO BUY THEIR OWN HOME. ON THE OTHER SIDE THERE WAS SPIKE IN CONSTRUCTION MATERIALS COST WHICH CREATED DIFFICULT ENVIRONMENT FOR BUILDERS AND PEOPLE WHO ARE DEVELOPING THEIR HOMES INDEPENDENTLY. By: Dolly Singh The unprecedented time of pande... Read more...
The association’s latest contractor survey shows that project cancellations and a lack of new orders forced firms to reduce their headcount. Association said that more layoffs are likely for the industry amid spiking materials prices and uncertain demand for new projects. “More contractors ... Read more...
Prime Minister office is monitoring steel prices on a daily basis due to concerns about their negative impact on the government’s infrastructure push, said Ranjan Bandyopadhyay, Executive Secretary, Joint Plant Committee, Ministry of Steel, on February 25th. Domestic steel prices across product... Read more...
Easy to fit, termite proof, fire resistant, environment friendly and recyclable, ‘Apollo Chaukhat’ is based on futuristic Italian technology. New Delhi, 19th February 2021: APL Apollo Tubes Limited (APL Apollo), one of the leading branded steel tubes manufacturers, has unveiled India’s fir... Read more...
Kobe Steel says it has successfully demonstrated technology that can significantly reduce CO2 emissions from blast furnace operations, combining the technologies of Midrex in the engineering business and the blast furnace operation technology in the iron and steel business. This achievement is a ... Read more...
The Joint Action Committee (JAC) of BAI, CREDAI, NAREDCO, SABCA and Workers’ Associations are demanding that the State and Central governments take necessary steps to establish a regulatory authority for steel and cement sectors. JAC representatives said that constituting a cement regulatory au... Read more...