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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....
Current trend in steel output offers optimistic view – Mr Sushim Banerjee
Wed, 11 Oct 2017 17:57:17 +0800
Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote for Financial Express that the first half of the current fiscal has shown a growth of 4.5% in crude steel production in India at 49.8 million tonne. On an annualised basis and assuming a normal h...
China holds the key as steel price rises: Jonathan Barratt, Ayers Alliance
Fri, 11 Aug 2017 09:48:48 +0800
Mr Jonathan Barratt CIO of AyersAlliance said that we have seen a pickup in demand and it all comes down to actions of Beijing whether it is the infrastructure spends, environment or whether it is just acting on behalf of what G-20 wanted with them to do for reducing capacity. All of it has creat...
Steel demand in India will grow faster than local supply – Mr TV Narendran
Tue, 27 Jun 2017 17:07:46 +0800
Mr TV Narendran MD of TATA Steel in an exclusive interview, while answering to How has the steel demand been in the last one year?, said that “While 2015 was a bad year for the steel industry, last year was much better for India and China. China shut down excess capacity and prices are improv...
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