Steel Industry News

Tata Steel reports 3% year-on-year growth in crude steel production

Steelmaker Tata Steel NSE -1.75 % Ltd on Wednesday reported a 3% year-on-year growth in crude steel production and its deliveries were down by 8% y-o-y during the September quarter of FY22 on the back of lower exports and a sluggish demand throughout the quarter. “Overall deliveries increased by 12% Q-o-Q on the back of economic recovery …

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India’s steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009 – Business Standard The country’s steel makers are on course to leading the BSE’s metal index to its biggest quarterly gain in more than a decade, on …

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Steel prices in India may come under pressure as govt mulls ‘corrective’ steps

Steel companies have argued that they have been forced to raise prices as prices of iron ore, their primary raw material, have more than doubled since June and were currently costing them Rs 8,000 a tonne. – Subramani Mancombu Akashdeep Metal Industries | Non-promoter entity Anisha Impex Ltd alongwith PACs increased stake in the company …

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