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 steel consumed in the country through welding proc...

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 domestic steel demand growing at 10-11 per cent for ano...

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 company’s 24th AGM on Tuesday, said “These projects wi...

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 - What is the outlook for FY19? A - Aluminium de...

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 million, we expect that close to about 80 per cent ...

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 said that we target steel sales of 7.5 million tonne...

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., told BloombergQuint that the demand picture for ...

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 hike in production in H2, the estimated production...

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 created a very strong market. Q - What do you thi...

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 improving there. A large number of small players were du...