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India’s TCIL reports 93% reduction in net loss in Q2 FY 2023-24
22 percent over the corresponding quarter of the previous fiscal year.37 million) during the quarter, a decline of 1.The company reported total sales revenues of INR 9.6 billion ($115.

🇮🇳 India · 🗓️ October 19, 2023 · Steel

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India’s Tata Metaliks reports 214% rise in net profit in Q2 FY 2023-24
63 million), a decline of 14 percent year on year.The company reported total revenues of INR 7.The company, however, said that sales of DI pipes increased 19 percent and per metric ton realizations were about three percent higher.55 billion ($90.

🇮🇳 India · 🗓️ October 19, 2023 · Steel

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India initiates AD investigation on stainless steel welded pipes from Thailand and Vietnam
The products subject to the investigation fall under HS codes 7306 40 00, 7306 61 00, 7306 69 00, 7304 11 10, 7304 11 90, 7304 41 00, 7304 51 10, 7304 90 00, 7305 11 29, 7305 90 99, 7306 11 00, 7306 21 00, 7306 29 19, 7306 30 90, 7306 50 00, 7306 90 11, 7306 90 19, and 7306 90 90.In order to assess injury, the DGTR will examine the latest three financial years: 2019-2020, 2020-2021, and 2021-2022.The period of investigation, which was launched upon complaints made by Stainless Steel Pipe and Tube Manufacturer Associations in Delhi and Gujarat, is April 1, 2022 through March 31, 2023.

🇮🇳 India · 🗓️ October 19, 2023 · Steel

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India’s JIL reports 34% rise in net profit in Q2 FY 2023-24
63 percent year on year.The company has a plant for production of 600,000 mt per year of ERW pipes.The company reported a total income of INR 5051.63 million) up 37.20 million ($60.

🇮🇳 India · 🗓️ October 19, 2023 · Steel

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Iron ore exports treble in first-half, China buys 95 per cent of shipments
67 per tonne (Rs 4,300 per tonne) in August.98 mt in H1FY23.87 per tonne (Rs 4,900 per tonne).The price of iron ore in the domestic market (Fe content 62 per cent) was $60 per tonne in October (Rs 5,000 per tonne) in Odisha, which has improved from $57.67 mt in FY21 – the highest in the last five years – and 16.

🔗Abhishek Law

🇮🇳 India · 🗓️ October 18, 2023 · Steel

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