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Essar Steel may raise prices by Rs 1,000/tn next month

Last Updated: Wednesday, February 26, 2014, 20:41

"Essar Steel is likely to raise product prices by around Rs 1,000 per tonne next month. This is primarily cost push along with some demand uptick in the fourth quarter," according to a source.

SAIL to invest Rs 1.5 lkh-cr to up capacity to 50 mt by 2025

Last Updated: Friday, September 20, 2013, 21:40

"SAIL has formulated its vision document. We intend to ramp up our capacity to 50 mtpa by 2025.

SAIL adopts four-pronged strategy to save Rs 5,000 cr in 3 yrs

Last Updated: Thursday, September 12, 2013, 18:42

Steel Authority of India (SAIL) has adopted a four-pronged cost optimisation strategy aimed at saving Rs 5,000 crore in next three years as it battles the dual challenge of high production cost and lower realisation.

Tata Steel targets 8.5 MT sales in India, says prices may rise

Last Updated: Sunday, September 01, 2013, 10:53

The company sold 2.01 million tonnes of steel in Q1.

Lower price, outdated technology hit SAIL's profit: Verma

Last Updated: Thursday, August 29, 2013, 17:22

Sharp decline in steel prices, high operation cost and old and outdated technology are the primary reasons for lower profit of SAIL, Steel Minister Beni Prasad Verma said Thursday.

Steel prices likely to go up further: Essar Steel

Last Updated: Wednesday, August 14, 2013, 20:06

The company was eyeing an export target of 1.4 million tonnes of steel this year. Last year, it had exported 1.2 million tonnes, mainly to Europe and Africa.

US to probe India for selling steel pipe at unfairly low price

Last Updated: Tuesday, July 30, 2013, 09:37

The US Department of Commerce has opened a probe into allegations that India and eight other countries are illegally selling steel pipe at an unfairly low prices in America.

SAIL hopes better realisation in FY14

Last Updated: Sunday, June 09, 2013, 12:42

"Steel prices have bottomed out and there is no room for further slide. There can only be improvement in price," SAIL chairman C S Verma said.

RINL February turnover up 22% to Rs 1,465 cr

Last Updated: Wednesday, March 13, 2013, 16:26

Rashtriya Ispat Nigam (RINL) has clocked 22 percent growth in revenue in February at Rs 1,465 crore despite its production getting hampered for four days during the month.

Steel prices may go up again in February

Last Updated: Tuesday, January 15, 2013, 17:29

Steel may become costlier again in February, on the back of pick up in domestic demand and rise in international prices, due to a spurt in input costs.

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.