Steel Demand

JSW Steel Q4 profit triples to Rs 1,008 crore against Rs 300 cr in FY16

JSW reported a consolidated net profit of 10.09 billion rupees ($157 million) for January-March, against 3.01 billion rupees a year ago

National Steel policy: Protectionism won't last long; make local cos globally competitive instead

It is clear that India has adopted an increasingly protectionist attitude against steel tyrants like China and Russia who were earlier dumping low priced steel

Sail eyes sales of 14.52 MT in FY17; production of 17.16 MT

The company is also targeting to increase production by 20 percent to 17.16 MT in 2016-17 from 14.3 MT in 2015-16 fiscal

Steel demand in India to outpace regional average: Moody's

Moody's also said the profitability of Indian steel companies such as Tata Steel and JSW Steel will outperform that of regional peers owing to rising domestic demand and Indian government's protectionist measures in the form of minimum import prices and anti-dumping duties

Steel demand grows by 6.6% in Apr-Aug, trend to continue: SAIL

State-run SAIL today said the domestic steel demand will go up further from 6.6 percent witnessed during April-August period with the onset of the festival season.