ZINC MAGNESIUM ALUMINIUM ALLOY
JSW Steel comes out with a new product for green energy space
JSW Steel is producing 'JSW Magsure', a zinc-magnesium-aluminium alloy coated steel product, to replace imports in India. The product, which had a demand of around 100,000 tonnes in 2023-24, is expected to reach 250,000 tonnes this year due to renewable energy. The company plans to supply 120,000 tonnes of JSW Magsure domestically and export the remaining 25,000 tonnes.
JSW Steel eyes 50 per cent market share in coated steel segment
JSW Steel introduced zinc-magnesium-aluminium alloy coated steel and aimed for a 50 per cent market share within one year. With an investment of Rs 500 crore, JSW set up 0.9 million tonnes capacity in Karnataka and Maharashtra. This move reduces India's reliance on coated steel imports. JSW Steel is the first Indian company to offer this product domestically. Export opportunities to Europe and the Middle East are being explored.
FY25 to be transformative year, says Vedanta's Anil Agarwal
"These include further deleveraging (parent) Vedanta Resources by USD 3 billion in the next 3 years and achieving an annual group EBITDA of USD 7.5 billion within 2 years," he said.
Vedanta says projects pipeline in place to add $6 bn to topline, $2.5-3 bn to EBIDTA
Vedanta aims for USD 6B EBITDA and 35% growth in FY25. Anil Agarwal's diverse assets lead to a vertical demerger for unlocking value and simplifying the corporate structure, offering direct investment opportunities in sector-focused businesses.
8 Best Alloy Wheels in India to revamp your vehicle's look
Alloy wheels can significantly enhance the appearance of a car, adding a touch of elegance and sophistication. Their sleek and modern design, often featuring intricate patterns and a shiny finish, can instantly elevate the vehicle's overall look. The lightweight nature of alloy wheels also allows for more intricate and eye-catching designs, making a car stand out on the road. Additionally, the reflective properties of alloy wheels can catch the light in a way that draws attention and gives the car a graceful and polished aesthetic.
Nifty Metal index stocks: Is consolidation on business and stock level over?
Metal sector has been witnessing a mixed news flow, the much anticipated recovery in China is not panning out but there is no immediate pressure on prices. In the case of companies, some of them have utilized the amount they made in the recent boom to reduce the debt. Some of the stocks have been outperforming by not declining in a corrective phase of markets. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
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India eyes final quality control order for metals
"We will be shortly notifying the quality control orders. All aluminium, copper and nickel that is sold in the country will need to follow the minimum quality standards," said a senior mines ministry official, who did not wish to be identified. In March, the ministry had issued draft quality control orders and sought public comments. The final notification is being issued after stakeholder consultations.
Nifty Metal index stocks are a better basket buy than single stock exposure
After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Analysts divided over Nifty Metal index stocks amid global headwinds
After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
EEPC urges PM Modi to rein in sharp spike in steel prices to help MSMEs
EEPC India said the Indian steel makers have raised the prices across different product categories in the backdrop of the restrictions that the government imposed on the imports from China, Vietnam and South Korea.
Base metals: Aluminium, copper futures ease on low demand
On the Multi Commodity Exchange, aluminium for delivery in July contracts eased by 25 paise, or 0.18 per cent, to Rs 136.50 per kg in a business turnover of 810 lots.
India imposes anti-dumping duty on certain steel products from China, Vietnam, Korea
India on Tuesday imposed anti-dumping duty on imports of certain type of steel products from China, Vietnam and Korea for five years with a view to guard domestic manufacturers from cheap imports from these countries.
Base metals: Nickel, copper futures rise on spot demand
Copper prices on Wednesday inched 0.13 per cent higher to Rs 423.35 per kg in futures market.
IIT, North Texas varsity develop magnesium alloy which can replace steel, aluminium in automobiles
The researchers say the current industrial application of wrought magnesium alloys in structural components is very limited due to their poor strength, poor ductility, yield strength asymmetry and lack of high strain rate superplasticity despite their density being two-third of aluminium and one-quarter of steel.
Base metals: Zinc, copper futures gain on spot demand
Aluminium prices on Wednesday softened 0.04 per cent to Rs 131.50 per kg in futures trade.
Base metals: Zinc, nickel futures gain on spot demand
Nickel prices on Tuesday rose 0.62 per cent to Rs 908.90 per kg in futures trade.
Base Metals: Aluminium, nickel edge up in futures trade amid high demand
Nickel prices on Friday edged up by 50 paise to Rs 1,004.30 per kg in futures trade.
Base Metals: Zinc, nickel, copper trade up in futures amid rise in demand
Aluminium prices on Monday fell by Rs 4.15 to Rs 138.05 per kg in futures market.
Base Metals: Nickel, lead, aluminium trade up in futures amid firm demand
Copper futures on Tuesday traded 0.05 per cent lower at Rs 441.05 per kg in futures trade .
Base Metals: Nickel, lead, aluminium edge up in futures trade on firm demand
Zinc prices on Thursday fell by 20 paise to Rs 183.30 per kg in futures trade.
Base Metals: Aluminium, lead, zinc rise in futures amid strong demand
Lead prices on Friday traded higher by 30 paise to Rs 152.90 per kg in futures trade .
Base metals: Zinc, aluminium, nickel futures advance on spot demand
Lead prices on Wednesday drifted 1.1 per cent lower to Rs 153.35 per kg in futures market.
Base Metals: Aluminium, nickel, copper futures fall on subdued demand
Nickel prices on Thursday drifted lower by Rs 10.90 to Rs 1,196.20 per kg in futures trade.
Base Metals: Zinc, nickel, aluminium futures gain on spot demand
Nickel prices edged up by Rs 13.50 to Rs 1,230.40 per kg in futures trade on Wednesday.
Base Metals: Aluminium, nickel futures rise on spot demand
Nickel prices were up 0.82 per cent at Rs 1,191.90 per kg in futures trade on Tuesday.
Base Metals: Nickel, aluminium futures trade lower on weak demand
Aluminium prices fell 0.15 per cent to Rs 135.10 per kg in futures trade on Friday.
Base Metals: Copper, zinc, aluminium futures fall on weak demand
Nickel prices edged up by Rs 8.80 to Rs 1,225.60 per kg in futures trade on Tuesday.
Base Metals: Copper, zinc, aluminium futures fall on low demand
The metal fell 0.58 per cent to $259.15 on the COMEX.
Base Metals: Nickel, zinc, aluminium futures up on spot demand
On the MCX, nickel for delivery in July contracts gained Rs 3.40 to Rs 989.50 per kg.
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