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China's export rebate withdrawal augurs well for Indian steel exporters: ICRA

China s export rebate withdrawal augurs well for Indian steel exporters: ICRA
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IANS
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Published on
Fri, May 7 2021 19:48 IST
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ICRA. (Photo: ICRA). Image Source: IANS News
Mumbai, May 7 : Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday.
China s steel exports have been on an uptrend in the current year and grew sharply by 24 per cent YoY in Q1 CY2021, partly aided by a lower base and improving demand from other geographies. Another key reason behind the export growth momentum was market expectations of a cut in export rebates by the Chinese government to rein in steel production, a move aligned to meet its long-term carbon neutrality targets. ....

Jayanta Roy , World Steel Association , Plant Committee , Group Head , Senior Vice President , Corporate Sector Ratings , Joint Plant Committee , ஜெயந்தா ராய் , உலகம் எஃகு சங்கம் , ஆலை குழு , குழு தலை , மூத்தவர் துணை ப்ரெஸிடெஂட் , பெருநிறுவன துறை ரேடிஂக்ஸ் , கூட்டு ஆலை குழு ,

Indian steel exports to see a jump as China withdraws export rebates: ICRA

Indian steel exports to see a jump as China withdraws export rebates: ICRA
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“Given the strong demand, export rebate cuts, the Chinese Government’s intent to keep steel capacities under check…China may not have excess steel volumes to divert to export markets. As a result, international steel prices are expected to remain buoyant in the near term, which in turn would support India’s steel prices,” said Jayanta Roy, Senior Vice-President & Group Head, Corporate Sector Ratings, ICRA.
Agencies
China’s domestic HRC price is close to $900/MT in end-April 2021, its export HRC prices stood at $915/MT. ....

Jayanta Roy , Group Head , Chinese Government , Senior Vice President , Corporate Sector Ratings , ஜெயந்தா ராய் , குழு தலை , சீன அரசு , மூத்தவர் துணை ப்ரெஸிடெஂட் , பெருநிறுவன துறை ரேடிஂக்ஸ் ,

Steel makers supply 1.43 lakh MT medical oxygen since Sep 20: Official data

Steel makers supply 1.43 lakh MT medical oxygen since Sep 20: Official data
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Madhya Pradesh , Uttar Pradesh , New Delhi , Mukesh Kumar , N Baijendra Kumar , Dharmendra Pradhan , Jayanta Roy , Steel Ministry , Power Ltd , Union Steel , Rashtriya Ispat Nigam Ltd , Steel Research Technology Mission Of India , Steel Authority Of India Ltd , Tata Steel , Arcelormittal Nippon Steel India , Jindal Steel , Steel Authority , India Ltd , Andhra Pradesh , West Bengal , Union Steel Minister Dharmendra Pradhan , Technology Mission , Baijendra Kumar , மத்யா பிரதேஷ் , உத்தர் பிரதேஷ் , புதியது டெல்ஹி ,

Steel makers supply 1.43 lakh MT medical oxygen since September 20: Official data

Steel makers supply 1.43 lakh MT medical oxygen since September 20: Official data
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Last Updated: Apr 25, 2021, 01:43 PM IST
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Private steel companies supplying oxygen are Tata Steel, ArcelorMittal Nippon Steel India (AMNS India), JSW Steel, Jindal Steel and Power Ltd (JSPL) and Vedanta ESL, while state-owned firms are Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL).
PTI
Steelmakers have supplied about 1.43 metric tonne (MT) liquid medical oxygen to various parts of the country for the treatment of coronavirus patients. From September 2020 to April 22, 2021, the total LMO supplied by the steel industry including public and private sectors was 1,43,876.283 MT, of which the contribution of steel CPSEs stood at 39, 805.73 MT, as per data provided by the Steel Ministry. ....

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Centre's disinvestment plan: A stress test for zombie steel plants

With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts.
Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
“Some promoter-driven secondary players could have much bigger interest towards the smaller, really stressed assets put out for divestment, making it a fresh list of buying interest this time,” said Saurabh Bhatnagar, Partner and National Leader, metals and mining at EY India. ....

West Bengal , Andhra Pradesh , Saurabh Bhatnagar , Jayanta Roy , Prakash Industries , Neelachal Ispat Nigam Ltd , Steel Authority Of India , Ferro Scrap Nigam Ltd , National Leader , Godawari Power Ispat Ltd , Rashtriya Ispat Nigam Limited , Ispat Nigam Limited , Steel Plant , Steel Authority , Alloy Steels Plant , Visvesvaraya Iron , Salem Steel Plant , Godawari Power , Ispat Ltd , Jindal Stainless , மேற்கு பெங்கல் , ஆந்திரா பிரதேஷ் , ச Ura ரப் பட்நகர் , ஜெயந்தா ராய் , பிரகாஷ் தொழில்கள் , நீலாச்சல் நான் துப்பினேன் நீகம் லிமிடெட் ,