Industry: Iron and Steel

The prospect of steel industry is strongly co-related to economic cycles. Demand for steel is sensitive to demand in automotive, construction, infrastructure and consumer durables sectors.
April 22, 2019, 10:48 a.m.

Long product (TMT Mumbai) prices were unchanged WoW. Sponge iron prices were 1% higher, while scrap prices declined 2% WoW. Iron ore prices remained unchanged WoW.
April 22, 2019, 10:36 a.m.

Long product (TMT Mumbai) prices were broadly unchanged WoW. Sponge iron prices were 2% lower, while scrap prices also declined 2% WoW.
April 15, 2019, 12:07 p.m.

The Indian Steel Association expects growth in steel demand to slow down to 7.2 per cent for the next two fiscal due to relatively slow growth in major consuming sectors such as automotive and consumer durables.
April 10, 2019, 10:16 a.m.

Long product (TMT Mumbai) prices were unchanged WoW. Sponge iron prices remained flat for the week, while scrap prices increased 3% WoW. Iron ore prices for NMDC decreased 5% WoW.
April 8, 2019, 11:37 a.m.

The worst fears of steel companies on cheap imports from Iran seem to be coming true with three vessels carrying 75,000 tonnes of Hot Rolled (HR)coil arriving at Kandla port in Mumbai last month.
April 3, 2019, 8:56 a.m.

Long product (TMT Mumbai) prices remained largely unchanged WoW. Sponge iron prices declined 1% WoW, while scrap prices decreased 2% WoW.
April 1, 2019, 8:27 p.m.

The global iron ore market is likely to have a shortfall following the dam spill and mine curtailments at top supplier Vale SA, according to Fortescue Metals Group Ltd. founder Andrew Forrest, who cautioned that other producers face constraints in boosting output.
March 27, 2019, 10:11 a.m.

Steel Demand: On Ground Check, How Is It Performing? Watch the video to know more.
March 19, 2019, midnight

I read last October that the steel pipes industry in India is going to benefit very much from a $10 billion expected spend on expansion of natural gas network. What do you think?
Feb. 19, 2019, 5:38 a.m.