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Iron Ore Prices In India To Remain Steady On Higher Steel Production - Mr Baijender Kumar
Mon, 03 Jun 2019 16:07:55 +0800
NMDC CMD Mr Baijender Kumar discussed with Mr Surya Sarathi Ray of Indian Express on what holds for the company for the current fiscal. Q - Clearly increased prices saved the day for NMDC in 2018-19 as the tonnage was down. What is your assessment on iron ore prices for the current fiscal? ...
Indian steel sector to have good scenario in current & next year - Mr Sushim Banerjee
Wed, 17 Apr 2019 16:12:25 +0800
Mr Sushim Banerjee DG INSDAG in his personal capacity wrote that the performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specificall...
‘We are geared to bring $2,8bn from minerals’
Wed, 27 Mar 2019 13:23:25 +0800
INTERVIEW: Mthandazo Nyoni FORMER Public Service, Labour and Social Welfare deputy minister Tongai Muzenda (TM) was recently appointed general manager of the Minerals Marketing Corporation of Zimbabwe (MMCZ), a government arm mandated to market the country’s minerals. NewsDay (ND) business ...
Higher steel consumption in India benefits welding industry
Thu, 06 Dec 2018 14:34:48 +0800
Jose P Philip, chairman of Indian Institute of Welding (IIW), said that though India is the second largest producer of steel its per capita consumption is below the global average, higher steel consumption will provide more job opportunities for welders in the country. He said "Almost 90% of the ...
Indian steel demand to grow 10-11% over next 3 years- Dr AS Firoz
Mon, 13 Aug 2018 14:46:03 +0800
Joint Plant Committee (JPC) Chief Economist A S Firoz told that demand for steel in India is likely to see an annual growth of 10-11 per cent over the next three years, buoyed by a firming trend in the construction sector, among other factors. He said “Going forward we have the potential of domes...
JSW Steel plans to invest INR 45,000 crore over 4 years - Mr Sajan Jindal
Wed, 25 Jul 2018 16:06:38 +0800
JSW Steel is planning to invest about INR 45,000 crore over a period of four years from FY2017-18 to FY2020-21, to expand steel making capacities, besides modernizing and expanding capacities of its downstream businesses. JSW Steel chairman Sajjan Jindal, while addressing shareholders at the comp...
India aluminium demand picked up in the last four months
Thu, 24 May 2018 08:20:33 +0800
The pick up in domestic demand augurs well for the domestic metal industry. Hindalco Industries managing director Mr Satish Pai told FE’s Shubhra Tandon that the outlook looks robust; however, possible dumping of metals into the country due to global trade wars is a matter of concern. Excerpts: Q...
JSPL expect to make over 7 million tonnes of steel in FY19 – Mr Naushad A Ansari of JSPL
Thu, 29 Mar 2018 17:02:39 +0800
Mr Naushad A Ansari of JSPL discusses how it plans to work towards increasing its production to optimum realisation. He told “Angul capacity today is 5 million tonnes of steel making. Blast furnace is only one of the inputs which goes into making the steel, the other being the DRI. Hence, out of 5 m...
JSPL targeting steel sales of 7.5-8 million tonne in FY19
Thu, 28 Dec 2017 05:41:46 +0800
In an interview to CNBC-TV18, Mr Naushad Akhter Ansari, CEO-Steel Business at JSPL spoke about the oxygen furnace installation at Angul and gave his outlook for the future. Mr Ansari said we expect additional steel volumes of 0.5 million tonne in FY18 from this added capacity at Angul. He further sa...
JSW Steel sees stable input costs, margin
Wed, 08 Nov 2017 15:03:20 +0800
Input costs for the steel industry are expected to stabilise in the coming quarters, which will lead to an improvement in prices or realisations and profit margin in the second half of the current financial year, Mr Seshagiri Rao, joint managing director and chief financial officer at JSW Steel Ltd....
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