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Steel consumption grows by 3.3% in FY'13

Last Updated: Tuesday, April 09, 2013, 16:12

Steel consumption in the country grew by just 3.3 percent to 73.3 million tonnes in 2012-13 on subdued demand due to slackening economy and high interest rates.

Steel cos look to govt infra push, rate cut for demand revival

Last Updated: Tuesday, December 25, 2012, 10:54

The domestic steel industry, now reeling under a severe sluggish demand, is betting big on the government's infrastructure push and the expected easing of monetary policy by RBI as it goes past 2012, considered by manufacturers as "pretty tough".

Steel firms hike prices by up to Rs 1,500/tonne

Last Updated: Tuesday, December 04, 2012, 18:19

At least a couple of steel makers have raised the price of flat products by up to Rs 1,500/tonne since December 1 to align the domestic price with landed import costs, now hovering between Rs 35,000-36,000 a tonne.