Double whammy for steel firms: Rising imports, dipping exports

Facing a double whammy of rising imports and declining exports, domestic steel manufacturers are fearing further squeeze in their margins in a stubbornly subdued domestic market.

SAIL to tap overseas markets

State-run SAIL plans to export higher volumes of steel after commissioning new facilities under modernisation and expansion plan, Minister of State for Steel Vishnu Deo Sai said Wednesday.

Steel consumption inches up by 0.7% in Q1

The country had consumed 18.69 MT steel in the April-June quarter of last fiscal, showed data compiled by Joint Plant Committee.

Steel exports up 5% at 2.367 MT during Apr-Sept

India's steel exports during the first six months of the current fiscal rose by 5 percent to 2.367 million tonnes (MT) as compared to the same period of last year.

India to become second largest steel producer soon: Steel Min

The Steel Minister said that the per capita steel consumption in the country has risen from 38 kg to 59 kg.

May hike export duties on iron ore exports: Steel minister

Government on Monday said it may further increase duties on iron ore to discourage its export in order to keep it for meeting domestic demands.