Steel Consumption News

Auto

Auto firms say steel import norms will delay manufacturing

Automakers said they won't be able to get approval for at least 20% of the total auto grade steel they import

2 min read10 Jan 2019
Companies

Anand Mahindra doesn’t fear trade war as world needs India

As the Trump tariff order prompts concern about a trade war, Anand Mahindra was quick to highlight India's position as the world's fastest-growing major economy, one heavily focused on domestic consumption

1 min read9 Mar 2018
Industry

Indian steel capacity to more than double by end of next decade

While the push for infrastructure will be the main driver for rising demand, the govt is also seeking to boost steel’s use in structures including pipes for drinking water

2 min read11 Oct 2017
Market

Why rising imports don’t pose a threat to steelmakers yet

Indian steel mills are in a good position as their realizations have improved and consumption is trending up

2 min read18 Sep 2017
Market

Opening bell: Asian stocks steady; RIL, Tata Motors in news

In other news, Apollo Hospitals plans to ramp up occupancies and work towards improving operational efficiency over the next three years

2 min read16 Jun 2017
Industry

India ‘bright spot’ for global steel output growth: report

India is seen as a 'bright spot' for the global steel production growth on account of the govt's push to augment capacity and demand from the construction, automotive and infra sectors

1 min read8 Jun 2017
Industry

India on right path to becoming global steel player: Steel Association

Steel Association says India has become net exporter of steel this year and the trend is expected to continue as the metal's quality has become globally competitive

2 min read28 May 2017
Market

Why is India’s steel consumption rising?

If both dealers and companies have stocked up on inventory and demand is not robust, things may get tougher

2 min read10 Jan 2017
Industry

India’s steel imports fall for a fourth straight month in February

Total steel imports for February fall 7.3% and India's total steel production for the month was lower by 0.9% from a year ago

1 min read7 Mar 2016
Industry

India’s April-July steel consumption up 0.6%

Domestic consumption during July alone was at 6.9 million tonnes, up 0.3% from a year ago

1 min read12 Aug 2014
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