Steel Authority sales up 14 percentOctober 8th, 2009 NEW DELHI - State-run Steel Authority of India Ltd (SAIL) Thursday said it registered sales of over 3 million tonnes in the second quarter this fiscal, a growth of 14 percent. While sale of flat products during July-September went up 13 percent, that for long products grew 14 percent.
Global demand subdued, SAIL to freeze pricesSeptember 25th, 2009 NEW DELHI - The state-owned Steel Authority of India Ltd (SAIL) is unlikely to hike prices of its products because of softening demand in international markets. International steel prices are cooling off, especially in China," said SAIL chairman S.K.
AK Steel to raise prices by $40 to $60 per tonSeptember 1st, 2009 AK Steel to raise pricesWEST CHESTER, Ohio — AK Steel said Tuesday it will raise prices for all new steel orders. The West Chester-based steel maker said base prices will increase by $40 per ton hot-rolled products, $50 per ton for cold-rolled products and $60 per ton for coated products.
Brazil steel production rose 28 percent in JulyAugust 15th, 2009 RIO DE JANEIRO - Brazil's steel production increased by 28.5 percent last month compared with June, the Iron and Steel Institute said. Brazil is the biggest producer and exporter of steel in Latin America and the world's 15th-largest steel exporter.
Steel Dynamics forecasts third-quarter earnings above Wall Street expectationsJuly 23rd, 2009 Steel Dynamics targets above-expectation profitFORT WAYNE, Ind. — Steel Dynamics Inc.
Industry group says world steel output fell 21 percent in first 6 months of 2009July 20th, 2009 World steel output down 21 pct in first 6 monthsBRUSSELS — World steel output plunged 21.3 percent in the first six months of 2009 from a year ago, the main steel industry group said Monday. Chinese and Indian steel makers were the only major producers to increase output in the first half, the World Steel Association said.
Steel industry to grow this fiscal: MinisterJuly 8th, 2009 NEW - The steel industry, supported by domestic demand and the government's increased infrastructure spending, will witness a growth this fiscal, Steel Minister Virbhadra Singh said here Wednesday. "The industry will see a major recovery this year and will grow at six-eight percent," Singh said at a conference organised by the Associated Chamber of Commerce and Industry of India (Assocham).
German iron, steel output for June falls 45 percent as recession cuts into demandJuly 7th, 2009 German iron, steel output falls 45 percentFRANKFURT — German iron and steel output for June fell sharply as the world recession continued to cut into demand for the country's machinery and car exports, the Federal Statistical Office reported Tuesday. The Wiesbaden-based office said Germany's producers made 1.44 million metric tons (1.59 US tons) of iron for the month, a 45 percent decline over the same month last year, while they made 2.5 million metric tons (2.76 US tons) of steel, a 41 percent decline.
Industry calls for more customs duty on steelJune 28th, 2009 NEW DELHI - A leading industry body has called for increasing customs duty on steel from 5 percent to 10 percent as consumption of local steel by domestic users was falling. According to the Federation of Indian Chamber of Commerce and Industry (Ficci), imported steel accounted for over 11 percent share of consumption, as compared to 6 percent a few years ago.
Sajjan Jindal wins international steel industry awardJune 25th, 2009 MUMBAI - JSW Steel vice chairman and managing director Sajjan Jindal has been conferred the Willy Korf/Ken Iverson Steel Vision Award for his contribution to the steel industry, the company said in a statement Thursday. Jindal is the second Indian to receive the honour.
Government again warns against steel price hikeJune 11th, 2009 MUMBAI - Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here Thursday.
US Steel loses $439 million in 1Q as recession weakens steel demand, pricesApril 27th, 2009 US Steel posts 1Q loss as demand dropsPITTSBURGH — United States Steel Corp. says it lost $439 million in the first quarter as the recession pinched demand for the metal.
JSW Steel to invest Rs.3,000 crore in 2009-10April 22nd, 2009 NEW DELHI - JSW Steel, one of the leading steel makers in the country, will invest Rs.3,000 crore in 2009-10 to expand its production capacity, a top official said here Wednesday. 'We are planning to invest Rs.3,000 crore in the current financial year to expand our production capacity,' Sajjan Jindal, vice-chairman and managing director of JSW Steel, told reporters on the sidelines of a business meet.
Tata Steel sales down 14 percentJanuary 5th, 2009 RAIPUR - The country's largest steel maker Tata Steel Tuesday reported a 14 percent fall in sales in the October-December quarter over the corresponding period uin 2007. According to an official statement, the company's total sales during the period stood at 1.07 million tonnes.
Bhilai Steel posts best-ever April-December performanceJanuary 1st, 2009 RAIPUR - Bhilai Steel Plant concluded April-December with the best-ever performance as its production touched 4.04 million tonnes (MT) of hot metal, 3.87 MT of crude steel and 3.31 MT of saleable steel, a company official said Friday. The plant, located some 30 km west of Chhattisgarh's capital Raipur, is the flagship unit of the state-owned Steel Authority of India (SAIL).
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