Posts tagged with Steel

Jindal Steel Exits Oman Biz
Apr 2021 , by in ALLIED

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...

Robust Sales, Price Hikes Driving Steel Companies
Apr 2021 , by in ALLIED

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...

Steel Prices To Go up Again In April
Apr 2021 , by in ALLIED

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...

USA Sees Fall In Construction Jobs
Mar 2021 , by in INTERNATIONAL

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...

PMO Monitoring Steel Prices Daily
Feb 2021 , by in ALLIED

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...

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