FERROALLOYS
Govt tightens duty exemption rules for metallurgical coke imports
The government has tightened conditions for importers seeking exemptions from anti-dumping duty on low ash metallurgical coke, a key input for steelmaking and ferroalloy production. The finance ministry has made compliance with a prescribed customs procedure mandatory for eligible importers.
Don’t ship air: Why metal swarf Is crushed and briquetted
Metal swarf is often viewed as mere waste, yet it holds potential for efficient recycling into briquettes for steel production. Based in Orenburg, SteelCom specializes in converting swarf through advanced crushing and pressing technologies. This process not only streamlines metal recycling but also minimizes handling expenses and conserves vital resources. Their adaptable technology caters to businesses of all sizes, showcasing their expertise and reliability in addressing recycling challenges.
India seeks WTO consultations with EU on ferroalloy safeguards
India has requested World Trade Organization consultations with the European Union. This follows the EU's decision to implement safeguard measures on certain ferroalloy imports. These measures include tariff-rate quotas.
India seeks WTO talks with EU on ferroalloys
India has requested consultations with the EU under the WTO's safeguard agreement concerning new import measures on certain ferroalloys. The EU's decision, effective immediately, introduces country-specific tariff-rate quotas, limiting duty-free imports and increasing tariffs for volumes exceeding these quotas.
Imports, price challenges to affect stainless steel sector in Q1: Experts
Imports from China and Vietnam will challenge the domestic stainless steel industry in Q1 FY26. The sector will also face raw material price volatility and global uncertainties. Despite having a production capacity of 7.5 million tonnes, 40% remains unutilised. Stainless steel consumption is projected to rise significantly by FY30.
Abhyuday Jindal to helm Indian Chamber of Commerce
Abhyuday Jindal has been appointed president of the Indian Chamber of Commerce (ICC), an organization founded in 1925 and headquartered in Kolkata. A graduate of Boston University in Economics and Business Management, Jindal is the managing director of Jindal Stainless, which has an annual turnover of Rs. 38,000 crore.
- Go To Page 1
Discussions on how to protect domestic steel industry going on: Union Minister
The steel ministry is discussing with the finance ministry to implement policy measures to curb rising steel imports, including a minimum import price. Efforts are also being made to strengthen the domestic alloy industry, which faces challenges like high power tariffs and inadequate raw materials. The minister aims to revive Rashtriya Ispat Nigam Limited.
QVC Exports IPO booked over 200 times on strong NII, retail interest. Check GMP and other details
QVC Exports IPO: The SME IPO of QVC Exports was subscribed over 200 times, reflecting strong interest from retail and non-institutional investors. The issue, which closed today, had a price band of Rs 86 per share, with 50% reserved for retail investors and 50% for other investors. In the unlisted market, shares are trading with a GMP of Rs 80, indicating a 93% premium over the issue price
Accenture get CCI's nod to acquire stake in Vodafone's arm
Accenture's acquisition of a stake in Vodafone Shared Operations received clearance from the Competition Commission of India. VSOL offers shared services to Vodafone. Mitsui & Co (Asia Pacific) also gained approval for acquiring equity in MTC Business Pvt Ltd. These approvals aimed at promoting fair competition and curbing unfair business practices.
Metal & Mining stocks: Same yet different, time to shed bias & watch for global signs. 5 stocks, 2 with an upside potential of up to 27%
In the last three months of volatility which nifty, sensex and broader market have witnessed there are some sectors which have shown a streak of out performance. They haven't fallen as much as nifty when the index was going down and pretty much moved in tandem with the index when it moved upward. Amongst many sectors metal has been one of them. There has to be a reason for this relative performance. In the case of metals stocks, there are some minor indications of improvement in the Chinese economy which have been keeping the metal prices stable. Question arises that if metal stocks have been stable, shouldn't be mining stocks, which also pretty much follow the same path of outperformance and be on watchlist because at the end of the day mining is a critical part of the whole supply chain.
Fundamental Radar: Why is Shyam Metalics a good bet in the ferroalloy space?
With a strong emphasis on quality control and an integrated approach to manufacturing, Shyam Metalics has emerged as a powerhouse in the Indian steel industry, and is poised to make significant strides in both domestic and international markets, according to Dhruv Mudaraddi of Stoxbox.
Tata Steel Mining inks pact to get LNG for Odisha plant from BPCL
Rouf M Khan, Head (GAS), East, BPCL said, "We are happy to associate with Tata Steel Mining and supply them natural gas for their operations, enabling us to inch closer towards the goal of decarbonisation." This step help in reducing the carbon footprint in Odisha, said Hemant Sharma, industries secretary of the coastal state.
Vedanta pays a dividend of over Rs 100 in FY23, stock to trade ex-dividend this week
Vedanta is one of the world’s leading natural resources conglomerates, with primary interests in aluminum, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, nickel, ferroalloys, glass display, optical fiber, and semiconductors. The company has operations across India, South Africa, Liberia, and Namibia.
Metallurgical coke producers, suppliers demand 30 pc anti-dumping duty on met coke imports
New Delhi, Feb 21 (PTI) An association of producers and suppliers of metallurgical coke has sought imposition of a 30 per cent anti-dumping duty on met coke to protect the local industry from cheap imports.
Ashish Kacholia buys 2.13% stake in multibagger smallcap stock via bulk deal
In the September quarter, Kacholia added a stake in Shankara Building, Megastar Foods and Xpro India. Further, as per the latest filings, the investor holds 41 stocks with an estimated net worth of over Rs 1,919.3 crore, Trendlyne data shows.
Bengal steel units turning 'uncompetitive' with high power tariff: Industry bodies
A DVC official told PTI that the current power tariffs are "high due to the impact of imported coal which is used for blending with domestic fuel as per the direction of the power ministry to overcome the shortage in supply". The Centre had advised power generating companies to import coal for 10 per cent blending, and recently, the direction has been taken back.
Tata Steel Mining's Rs 780 crore resolution plan for Rohit Ferro Tech approved by NCLT
Vedanta’s ESL Steel, Rimjhim Ispat, Shyam Metallics, and Maithan Alloys were among the other bidders in the race for the Kolkata-based company.
Jindal Stainless raises $82 million from KfW IPEX-Bank for Jajpur facility expansion
“This long tenor financing for our growth Capex manifests investor confidence in the stainless steel business and the improved creditworthiness of Jindal Stainless,” said Group CFO, Anurag Mantri in a press release on Thursday.
Shyam Metalics’ allure dimmed by high valuations
The key highlight of the company’s financials is that it has a consistent track record of remaining profitable even in commodity downcycles. Earnings were impacted in FY20, due to weak commodity demand and higher depreciation and interest. However, the performance picked up from the second half of 2020. In the first nine months of FY21, it had an income of Rs 4,000 crore, a growth of 20.5 per cent year-on-year and an Ebitda of Rs 720 crore, up 60 per cent.
Shyam Metalics IPO opens on June 14: All you need to know
The producer of long steel products is looking to raise about Rs 909 crore from a mix of fresh issue and offer for sale.
Shyam Metalics cuts IPO size; grey market giving it a strong premium
The price band for the issue has been fixed in the Rs 303-306 range, which was largely in line with the grey market expectations of Rs 303-304.
Shyam Metalics fixes IPO price band at Rs 303-306, issue to open on June 14
The issue comprises fresh issuance of shares, aggregating up to Rs 657 crore, and an offer for sale of up to Rs 252 crore by existing shareholders.
Compulsory certification of ferro silicon might disrupt Indian steel makers
“This order may be called the Steel and Steel Products (Quality Control) Order, 2019. It shall come into force on the date of its publication in the Official Gazette. It shall apply to steel and steel products … except for steel and steel products for export which conform to any other specification required by a foreign buyer,” said the order dated 22nd July 2019.
Odisha official says locals supported Tata Steel's Joda expansion
The company proposes to expand capacity of the plant to 60,000 tonnes a year from 50400 tonnes with an investment of Rs 185.5 crore.
Tata Steel shuts down ferroalloy plant due to shortage of raw material
The 50,000 tonne plant in Odisha was dependent on the company's Sukinda chrome ore mines, an 84.317-million-tonne deposit spread over 406 hectares.
RINL spending Rs 19k cr on Visakhapatnam steel plant expansion
A delegation from RINL met Andhra Pradesh Chief Minister N Kiran Kumar Reddy today and apprised him of the plans.
World's second largest miner slashes production
The world's second largest miner and top producer of iron ore said on Friday it will cut its annual iron ore production by 30 million metric tons as demand for steel crumbles amid a global economic crisis.
Adhunik Metaliks plans Rs 300 crore IPO for mining unit
Speciality steel maker Adhunik Metaliks Ltd will raise Rs 250 to 300 crore through an initial public offering of shares in its mining subsidiary.
Load More
