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Demand likely to recover in H2 FY'20

The domestic steel producers are likely to see a decline in profits in the first quarter of the current financial year owing to headwinds related to liquidity issues, fall in demand led by weakness in automotive sector...
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Demand side continues to falter for the light weight metal

Aluminium prices have declined in May 2019 with a fall of around 1.1 percent on the LME and 3.2 percent on the MCX. Trade tensions between the US and China has created worries for investors across the global markets.
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Resurgence of Sino-US trade war dampens positivity in global economy

The new tangent drawn between the US and China has practically brought the entire global copper economy on the brink of inevitable crises as China accounts for nearly half of global copper consumption estimated...
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US-China spat drags the alloying metal prices lower

Zinc witnessed a sharp decline last month with prices dropping by $300 as trade tensions dragged the base metals complex lower. Zinc prices opened around $2825 levels and traded mostly on a lower trajectory...
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Battery metal can witness lower level buying

The battery metal lead’s weak momentum persisted in the month of May as skepticism regarding amicable resolution of US- China trade war and fear of global slowdown kept the prices downbeat.
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Support from stainless steel sector likely to spur demand for the metal

Nickel prices traded flat and shed 1.4% during May compared to a 6.6% fall during April. The key events during May were the revival of Sino-U.S trade talks which made the dollar to gain strengthen and other dollar...
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The white metal still holds the shine

Global silver market was under pressure in the month of May extending the losses since the start of the current year 2019. Although, the prices are showing some recovery as the trade war concerns are getting vigorous...
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Spurt in U.S-China trade war push gold prices up

Gold prices exhibited range bound price movement amid escalated trade war concerns between U.S. - China and a few upbeat U.S. economic data releases. MCX active Gold Futures started the month of May 2019...
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FTAs with lack of reciprocity harming the stainless steel industry

Free trade agreements (FTAs) are arrangements between two or more countries, or between a country and a trading bloc to abolish or reduce tariffs, quotas, and preferences on goods and services traded.
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“Spirit of FTA grossly compromised”

Outokumpu is one of the global leaders in stainless steel with production facilities located in Finland, Germany, Sweden, the UK, the USA and Mexico, with a sales and service center network close to its...
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SS producers should target India output to exceed 10 mt by 2030

Making steel is a fine art that comes when experience is mixed with knowledge and powered by the right tools. Gopal Group’s vision has always been to reign supreme on the parameter of quality and choice to give...
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Ferro chrome growth to chug along stainless steel consumption

Indian Metals & Ferro Alloys Limited (IMFA) is India’s leading, fully integrated producer of ferro alloys with 187 MVA installed furnace capacity backed up by 261 MW captive power generation and extensive...
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Stainless steel doesn’t require safeguard duties or protectionism

Established over two decades ago, the Mumbai-based Shah Group today consists of companies excelling in manufacturing & trading of stainless steel raw material. Being one of the leading importers, exporters...
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Combatting ‘non-revenue’ water

Take a moment, if you will, to read that headline again. It is redolent of the modern day sacrilege introduced by business schools and consultants of passing over perfectly good words in English (and other languages)...
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Global duplex stainless steel market to reach $3.6 billion by 2024

The global duplex stainless steel market is forecast to exhibit a CAGR of over 4% during 2019-2024, growing from $2.8 billion in 2018 to $3.6 billion by 2024, owing to the corrosion resistance, tensile strength and durability...
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Steel producers staring at production disruption in 2020

India Ratings and Research (Ind-Ra) believes steel production would be significantly affected if the auction of the mines which would complete 50 years of operations by March 2020 is materially delayed. Consequently, the credit...
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Around $300/mt is ‘threshold’ for viable ferrous scrap business: McKinsey

A price range of $275-$325/mt for heavy melting scrap 1/2 (80:20) may be considered a threshold for the ferrous scrap businesses to be economically viable, Steven Vercammen, senior expert at consultancy...
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Trump’s latest China tariffs - what do they mean for metals?

The US administration has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Here’s commentary and analysis from the Wood Mackenzie metals team.
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Jindal Stainless set for a roller coaster ride

Founded in 1970, Jindal Stainless is one of the largest stainless steel majors in India and ranks amongst the top 10 stainless steel conglomerates in the world. Jindal Stainless Group has an annual crude steel capacity...
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Aamor Inox – A boutique mill for stainless steel bars

Aamor Inox Limited is headed by Mr. Anand Gupta who, in the year 2001, has originally kick-started the stainless steel bright bar export business at Ambica Steels Limited. Mr. Anand Gupta is son of late MR. M.P. Gupta...
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'Import duty on ferro-nickel, SS scrap, a hitch to industry's growth'

Stainless steel sector has voiced major distress before the government, ahead of the full budget presentation on July 5.
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Base metals under pressure from US-Iran tensions

Prices of copper on LME pared early gains to trade lower on Friday (June 21) as the base metals complex declined amid concerns over rising political tensions between the United States and Iran. The US President Donald Trump...
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'Steel, ferrous scrap prices still seen bottoming, but then a boom'

Steel hot-rolled coil prices in the US are likely to bottom at around $500/short tonne this year, but then rally to $720/st in Q1 2020 as they ride a global steel boom, Peter Marcus, managing partner at World Steel...
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Proposed liquidity framework for NBFCs shifts focus to tangible liquid buffers

India Ratings and Research (Ind-Ra) believes the proposed draft guidelines on creating a liquidity framework for non-banking financial companies (NBFCs) will enforce on-balance sheet...
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Limited impact of GSP withdrawal by the US, moderate hit for gems & jewellery exports

CRISIL believes the withdrawal of benefits under the Generalized System of Preferences (GSP) effective June 5, as announced by the US earlier...
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Next round of stressed assets could see lower recovery rates

The Insolvency and Bankruptcy Code, 2016 (IBC) has made good progress by resolving the cases of 94 companies with stressed liability of Rs 1.7 lakh crore as of March 2019. The recovery amounted...
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Next lot with debt outstanding of Rs 62,000 cr could see lower recovery rates

With an outstanding liability of Rs 62,000 crore as on March 2019, the top 17 stressed assets in the steel sector today are expected to seek or are seeking...
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Resolution of steel companies under IBC yields higher recovery of stuck loans

Financial and operational creditors could recover the highest percentage of loans stuck with steel companies through resolution under the Insolvency and Bankruptcy Code (2016).
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'Govt committed to make Odisha a global hub for steel ancillary industry'

The Union government is committed to develop Odisha as an international hub for steel sector's ancillary industries, Union Minister for Steel Dharmendra Pradhan said. The minister's remark came after his meeting...
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Rio Tinto lowers 2019 iron ore shipment guidance by 13 million mt

Mining giant Rio Tinto has lowered its iron ore shipment guidance for 2019 by 4%, or 13 million mt, because of mining issues, the company said in a note...
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Posco may set up steel plant in Andhra

South Korean steel producer Posco has evinced interest in setting up of an integrated steel plant in AP. Posco CEO Bang Gil Ho called on Chief Minister YS Jagan Mohan Reddy at his camp office at Tadepalli Thursday last...
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Vietnam to slap duties on China, S Korea

Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea effective from June 25, for around four months, before final determinations in the ADD investigations are made, the country's trade ministry said.
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Mexico is 1st country to ratify USMCA

The Mexican Senate approved the United States-Mexico-Canada Agreement (USMCA), marking the first country to ratify the updated trade agreement. The US, Canada and Mexico reached a deal to replace the existing North American Free...
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BS-VI emission norms bode well for steel cos

The Bharat Stage-VI or BS-VI emission norm for auto companies, to come into effect from April 2020, has opened up an opportunity for steelmakers, especially those that make highly specialised steel products.
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Steelmakers seek safeguard duty on imports

The domestic steel industry is seeking a safeguard duty of 25% ad valorem on a wide range of steel products in the face of a sharp and significant increase in imports. In a petition filed with the Directorate General of Trade Remedies...
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Henkel to showcase solutions for every step in the die casting at GIFA

With extensive expertise in all key areas of the die-casting and metalworking value chain - casting, machining, impregnation, cleaning, surface treatment and bonding - Henkel is ideally positioned to help reduce costs...
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Waaree Energies' Bifacial solar modules to raise output by 30%

In the wake of the US administration exempting bifacial panels from tariffs, Waaree Energies Ltd, India's leading EPC player and largest solar PV manufacturer, has launched their very own bifacial solar modules namely...
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'Talcher coalfields to produce 600 mt of coal by 2030'

There will be a whopping 600 million tonne annual coal production in Talcher coalfield by both Mahanadi coalfield Limited (MCL) and non-MCL companies by 2030, said the new MCL CMD, Mr Bholanath Shukla.
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Wind capacity addition likely to improve to 3.5-4.0 GW in FY20: Icra

Wind energy generation capacity addition is likely to improve to 3.5-4.0 GW this fiscal, while land acquisition and transmission connectivity challenges will remain...
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