Demand

India only nation among top 5 to see growth in steel production – ET Infra

MUMBAI: India is the only country, among the top five steel producing nations, to have seen a growth in production in April, with the others seeing production drop by as much as 7% during the month. China, which is the world’s largest producer of steel, has seen its production in April fall more than 7% […]

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India only country among world’s top 5 to register rise in steel production in April – ET Infra

NEW DELHI: India is the only country among the world’s top steel producing nations to post a growth in steel production during April this year, according to figures compiled by the World Steel Association. India, the second-largest steel producer in the world next to China produced 12.1 million tonnes of steel which represented a 3.6

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Call on UK plant must be taken within next year: Tata Steel MD – ET Infra

Tata Steel will have to take a call on the future of its operations in the United Kingdom within the next year as some of its assets there approach the end of their operational life, managing director TV Narendran said. “Some of the assets are going to come to the end of life, so we

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Detail-to-earnings ratio of steel cos to remain below 2 times: Crisil – ET Infra

Research firm Crisil Ratings on Monday said it expects the net debt-to-EBITDA ratio of domestic steel manufacturers to stay below the level of 2 times in the financial year 2023-24. The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23, Crisil

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Steel industry projects domestic demand to rise 7.5% in current fiscal – ET Infra

India’s domestic steel demand is estimated to grow annually by 7.5% to reach 128.85 million tonnes (mt) in the current financial year. According to estimates by the Indian Steel Association (ISA), domestic steel demand stood at 119.86 mt in fiscal 2022-23. Demand is expected to rise further by 6.3% to reach 136.97 mt in the

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JSW Steel, Japan’s JFE Steel ink pact to mfg electrical steel in India – ET Infra

JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. In 2021, JSW Steel and Japan‘s JFE Steel signed a memorandum of understanding (MoU) to conduct a joint feasibility study to establish a

JSW Steel, Japan’s JFE Steel ink pact to mfg electrical steel in India – ET Infra Read More »

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