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A few SAIL employees test positive for COVID-19: Statement

In a video message to all employees across offices and plant sites, SAIL Chairman A K Chaudhary asked them to adhere to all safety measures and follow government advisories.

SAIL employees test Covid positive

This is first case of confirmation at the company headquarters since the outbreak of the pandemic. The office has been closed for June 3 and June 4 and the employees have been asked to work from home.

Dharmendra Pradhan chairs meeting for steel fabrication cluster around SAIL's Bhilai plant

The minister chaired a video conference with officials from Ministry of Steel, Ministry of Road Transport and Highways, Ministry of Railways, INSDAG, SAIL and steel fabricators from Bhilai to work out the details of the plan.

JSW Steel ramps up capacity utilisation to 83% in May compared to 38% in April

Flat steel products saw a 163% rise in production at 9.05 lakh tonne in May'20 against 3.44 lakh tonne in April, though it was lower than 10.17 lakh tonne produced in May'19. Long products saw a jump of 124% to 2 lakh tonne during May '20 over 0.89 lakh tonne in April.

Hans van den Berg to take over tasks of Theo Henrar at Tata Steel Netherlands on June 1

"Hans van den Berg, in his current role as vice-chairman of the Board of Management of Tata Steel Netherlands, will take over tasks from Theo Henrar as of 1 June," a spokesperson for Tata Steel Europe told ET. "There is no decision yet who will be the new chairman of this Board of Management," the official added.

Domestic steel demand in the coming months is expecting a revival: JSPL

The company said this while sharing its outlook for domestic steel demand in the coming months, even as it reported a standalone EBITDA at Rs 1,562 crore during Q4FY20, a rise of 8% QoQ.

Covid-19 cases at factories don’t deter manufacturers

Several other manufacturers too said that even if there was an eventuality of employees testing positive, they will follow the standard operating procedures (SOP) and inform the local authorities, but production will continue.

JSW Steel ramps up capacity utilisation to 85% in May

After hitting a historic low in April, domestic steel demand is only expected to climb back to 25-30% of normal levels this month. While demand across the country had shrunk in the aftermath of the first three phases of the lockdown, business is expected to revive toward the latter half of the financial year.

India's crude steel output declines 65 per cent to 3.13 MT in April: World Steel Association

The government imposed a nationwide lockdown on March 25 to prevent spread of the coronavirus pandemic which has impacted production, demand and supply of steel in India. The country had produced 9.02 MT of crude steel during the same month a year ago, the World Steel Association (worldsteel) said in a report.

Indian aluminium makers in good shape with rising exports and lower input costs: Crisil

"The domestic sales loss has been offset by companies adroitly exporting more, thanks to high cost-competitiveness that stems from improved sourcing and lower input costs,” said the report.

M&M looks to exit JV with Japan’s Sanyo Special, Mitsui

M&M looks to exit JV with Japan’s Sanyo Special, Mitsui

M&M had 51% in the JV and Sanyo 29%, while the remaining 20% was held by Mitsui. However, in 2018, Sanyo bought around 22% in Mahindra Sanyo, increasing its holding to 51%. Consequently, MSSSPL ceased to be a subsidiary of M&M.

Dilip Oommen is new President of Indian Steel Association

Dilip Oommen is new President of Indian Steel Association

Oommen's appointment comes in the wake of the recent resignation of T V Narendran, managing director of Tata Steel from the position of President, Indian Steel Association.

ICRA revises steel industry outlook to negative, estimates demand fall of 20% in FY21

ICRA revises steel industry outlook to negative, estimates demand fall of 20% in FY21

“The first half of FY 2021 is expected to be challenging for steelmakers. Many buyers could prefer to sit at the sidelines, given the uncertain demand environment and liquidity pangs of steel consumers, amid dwindling sales and fixed cost obligations,” said ICRA’s senior vice-president, Jayanta Roy.

Coal gasification will help steel makers to produce steel using swadeshi coal: Naveen Jindal

Coal gasification will help steel makers to produce steel using swadeshi coal: Naveen Jindal

JSPL is the first company in India to build the coal gasification plant and the first in the world to produce DRI/Steel via coal gasification process, Jindal said. "We have been requesting it for a long time and last year the Prime Minister too had stressed on its importance," he said.

India's demand for steel contracted by 91% in April 2020

India's demand for steel contracted by 91% in April 2020

Domestic steel production fell by a record 69.5% year-on-year basis in April 2020 as per provisional figures. The country produced a mere 2.8 million tonne of crude steel during the month, according to data released by Joint Plan Committee (JPC). Steel has been classified as an essential commodity and permitted to operate during the lockdown period.

Stimulus package announced by PM Modi in line with industry expectations: SAIL chairman

Stimulus package announced by PM Modi in line with industry expectations: SAIL chairman

The stimulus package announced by Prime Minister, Narendra Modi along with the roadmap for a more atmanirbhar Bharat (self-reliant India) is in line with the industry expectations, Anil Chaudhary, chairman, Steel Authority of India Limited has said.

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