COLD ROLLING CAPACITY
Long-term investing: One reason is good enough, and a must, to own a business. 8 stocks with an upside potential of up to 36%
In today’s world, investors cannot assume that correlations that worked in the past will work in exactly the same manner now. We are in a phase where some old relationships continue to hold, while others get redefined. Geopolitics, fiscal concerns, interest rates, currency movements, and capital flows are all interacting differently across markets, making the larger picture much less straightforward.
Steel Ministry mandates melt and pour to tighten domestic procurement policy
The Steel Ministry has introduced a melt-and-pour clause for domestic steel procurement. This policy tightens rules for suppliers participating in government tenders. It ensures that procured steel meets specific incentive program compliance standards. Sector watchers believe this benefits domestic steel makers significantly. Micro, small, and medium enterprises may face margin constraints due to import curbs.
Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MD
Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals.
Value addition key for Tata Steel as prices fall and costs increase
Tata Steel saw strong revenue growth in the June quarter, driven by higher realisations. However, global steel prices are softening, and coking coal costs are rising. The company expects domestic realisations to decrease in the September quarter. Tata Steel is increasing its focus on value-added products and expanding its NINL facility. This strategic shift aims to strengthen its position in high-margin segments.
Have metal stocks’ dependence moved from Chinese apartments to world's power grid? 5 metal stocks with upside potential of up to 34%
Weak Chinese growth has traditionally been a warning signal for metal stocks. Yet, the latest disappointing data from China has caused only a limited reaction, or literally nothing. It can be because of two reasons: Either the old rule is changing, or the bad news has been discounted by the market. Either way, it is time to relook at metal stocks, but only by investors who have the ability to be contrarian as well as tactical. Coming back to China: Has it stopped mattering? Not quite. It has started mattering in a more complicated way. And that is where the AI connection for metal starts.
Europe can’t just air-condition its way out of the heatwave meltdown
Europe's infrastructure, built for cold, is struggling with record heatwaves. From buckling train tracks and melting roads to hospitals cancelling surgeries and strained power grids, the continent faces a profound challenge. While air conditioners offer immediate relief, experts warn that a long-term redesign of buildings and systems is crucial to adapt to a warming climate and ensure societal resilience.
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Easing of West Asia conflict reduces downside risk to 6.6% growth forecast: Ram Singh, Director, Delhi School of Economics
Any moderation in El Nino effects and resolution of geopolitical uncertainty will further reduce the downside risks to growth. Operationalising the FTAs signed with 37 countries will boost exports and FDI, and thus growthRam Singh, Director, Delhi School of Economics
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
EV demand, rise of infra to boost adoption of metal cold-roll forming
Construction equipment, elevator systems and industrial machinery manufacturers are also expanding the use of roll-formed profiles for machine frames, elevators, mezzanines and warehouse structures to enable faster assembly and standardised deployment. The scope of sheet-metal cold-roll-forming precision components would continue to grow, given that the country added 12.4 GW of new solar capacity during the April-September period of the current fiscal year.
China’s Tsingshan begins construction on new stainless steel project in Gujarat
The facility will reportedly have crude stainless steel capacity of 2 million tonnes per year while the CRC line will have capacity of 600,000 tonne per year.
Jindal Stainless Hisar debuts on bourses, to invest Rs 150 crore
JSHL is the largest producer of stainless steel in the country with an annual capacity of 8 lakh million tonne per annum.
RSP registers best ever April-December performance
Rourkela Steel Plant (RSP) completed the first three quarters of the current fiscal on an optimistic note by maintaining steady growth with the best ever production performance since inception of the plant.
Bhushan Power to invest Rs 2k-cr in steel plant
The Rs 5,000-crore Sanjay Singal-promoted Bhushan Power and Steel (BPSL) plans to invest Rs 2,000 crore to set up an automotive grade steel plant with installed capacity of five lakh tonne.
BSPL eyes Guj, Mah for its cold rolling mill unit, to invest Rs 1,000 cr
Bhushan Power and Steel Limited (BPSL) plans to set up a three-lakh tonne capacity cold rolling mill complex in the Western region of the country at an initial investment of Rs 800-1,000 crore.
Tata Steel enters into JV with Nippon Steel Corp
Tata Steel's board on Thursday approved a framework for a Joint Venture between Tata Steel Limited and Nippon Steel Corporation for the production and sales of automotive cold-rolled flat products at Jamshedpur.
SAIL production target for 2010-11 likely to be up by 10%
Steel major Steel Authority of India Ltd's (SAIL) production target for 2010-11 fiscal is likely to be 10 per cent more as compared to last year, Chairman of SAIL S K Roongta said in Ahmedabad on Saturday.
Essar completes Shree Precoated steel assets buy
Essar Steel on Wednesday said it has completed the process of acquiring the steel assets of Shree Precoated Steels that has now made the Ruias-controlled Essar one of the largest integrated steel players in Asia.
Bhushan Power to invest Rs 3k cr
Bhushan Power and Steel (BPSL) plans to invest Rs 3,000 crore to add 250 mw capacity to its existing power plant and to increase production of value-added steel at its Orissa facility over the next one year.
Uttam Galva to invest Rs 400 cr for capacity addition
Mumbai-based steel maker Uttam Galva plans to invest Rs 400 crore in enhancing capacity of its service centre and adding new product mix over the next one year, said a top executive of the company.
Bhushan Steel ups Orissa plant capacity
The Delhi-based Bhushan Steel has increased the production capacity of its integrated steel plant in Orissa five times to 2.5 million tonnes.
PM to lay foundation stone for BSL expansion programme
Prime Minister Manmohan Singh will lay the foundation stone for the capacity expansion programme of state-run steel giant SAIL's Bokaro plant this month.
Siemens receives `three-digit-million-euro' order from SAIL
Siemens VAI Metals Technologies has received a 'three-digit-million-euro' order from Steel Authority of India to supply turnkey process technology to the steel major's new cold rolling mill at the Bokaro Steel Plant.
Bhushan Steel to invest Rs 8,800 cr for steel
Steel manufacturer Bhushan Steel Ltd (BSL) has lined up an outlay of Rs 8,800 crore to set up an integrated steel plant, a 1,000 MW captive power unit and a cold rolled and galvanising plant in West Bengal.
It’s a win-win deal all the way for Essar
The Canadian plant will add significantly to the cold rolling capacities of the group. Algoma supplies nearly 15% of the total Canadian steel demand. Essar Steel is well placed to supply HR coils to the Canadian company, which would improve the group margin.
Uttam Galva plans GDR issue to raise $20m
Merchant banking sources pointed out that there has been increasing interest among Indian steel companies, including Tata Steel and Essar Steel, to have a presence in South East Asia.
Uttam Galva ties up with UK partner for Ghana JV
Uttam Galva Steels (UGSL), one of the leading galvanised steel producers in India, will invest up to Rs 450 crore.
Uttam Galva to expand cold rolling capacity
Uttam Galva Steels, is tripling its auto grade cold rolled capacity to 1,80,000 tonne, to meet growing demand for high grade steel products that are used primarily in cars and consumer goods.
Jindal Steel eyes buys in SE Asia
The largest stainless steel producer in India, Jindal Stainless, has identified several steel plants in South East Asia which it is interested in acquiring.
SAIL gives nod to expansion plan of Salem Steel
The Board of Directors of the Steel Authority of India (SAIL) has approved a proposal for expansion of the Salem Steel Plant in Tamil Nadu at an indicative cost of Rs 1,553 crore.
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