GRADE C125 STEEL STRIPS

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Earlier, import was the only option for this material, which was a big hassle. But now, we at BTC are regularly keeping stock of this material in various sizes, and can offer the same off the shelf.

Range:
Thickness: 0.07 mm to 4.00 mm
Width: 8 mm to 500 mm (in thickness lower than 0.6 mm, 4 mm wide material can also be supplied)
Hardness: Fully annealed material with a maximum hardness of 200 VPN & special temper material with hardness ranging from 230 VPN to 285 VPN.

This is a very special grade of steel and is mainly used for making those components where very high tensile strength & yield stress is required. It can achieve hardness of up to 58 HRC Rockwell after Hardening & Tempering.

Application: Mainly used for making Surgical Blades i.e. Scalpels, Metal Cutting Bandsaws, Knitting Needles .etc.

Tata Steel eyes better H2FY20 on the back of tax benefits, festive season

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The government’s proposed tax cuts combined with an uptick in consumption during the festive season would improve the demand situation in the second half of the fiscal year 2019-2020, said TV Narendran, MD of Tata Steel.

The corporate tax rate decision was very positive and in line with what the industry has been talking about, he said.

“It helps companies like us who are investing a lot currently in India because we also have the pressure to deleverage. So actions like this help us in that context,” Narendran added.

Besides tax benefits and festive season, Narendran said the government’s spending on infrastructure will also boost earnings. “We also hope that the infrastructure spend that the government has been talking about will start translating into money flows on the ground so that should help us,” he said.

Compared to South-East Asia, the Middle East or Europe, India has been a big price setter as the country has been exporting a fair amount of steel, said Narendran.

“So if things pick up in India, we believe that steel prices globally can also be positively impacted – microeconomic activity, various governments are taking different steps and we hope we will see the impact of those actions across the world,” he further mentioned.

Grade C125 Steel Strips

Prakash

Earlier, import was the only option for this material, which was a big hassle. But now, we at BTC are regularly keeping stock of this material in various sizes, and can offer the same off the shelf.

Range:
Thickness: 0.07 mm to 4.00 mm
Width: 8 mm to 500 mm (in thickness lower than 0.6 mm, 4 mm wide material can also be supplied)
Hardness: Fully annealed material with a maximum hardness of 200 VPN & special temper material with hardness ranging from 230 VPN to 285 VPN.

This is a very special grade of steel and is mainly used for making those components where very high tensile strength & yield stress is required. It can achieve hardness of up to 58 HRC Rockwell after Hardening & Tempering.

Application: Mainly used for making Surgical Blades i.e. Scalpels, Metal Cutting Bandsaws, Knitting Needles .etc.

Tata Steel Q1 Net Profit Crashes.

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With global steel prices nosediving while production costs rise, Tata Steel, the country’s largest private steel maker, reported net profit of Rs. 702 crore in the June 2019 quarter, falling 63% year-on-year. The company had reported consolidated net profit of Rs. 1934 crore in the year-ago period. Consolidated revenue from operations remained flat in the quarter, at Rs. 35,382.16 crore.

For India, the company reported standalone net profit of Rs. 1567 crore, 15% lower than the Rs. 1856 crore it reported last year. In India, steel prices declined as subdued economic activity, seasonal slowdown and liquidity issues weighed on domestic consumption. Higher net imports further exacerbated the demand supply balance.

The company reported production of 7.15 MMT in the quarter, with India accounting for 4.5 MMT, higher than the 6.45 MMT and 3.64 MMT respectively reported in the same period last year. EBIDTA in its India business fell 4.71% to Rs. 5117 crore in the quarter, from Rs. 5370 crore in Q1FY19. EBITDA/tonne of steel fell to 12,908 from 16,068 in the quarter, while for the consolidated figures crashed from Rs. 11,740 crore to Rs. 8725 crore.

JSW Steel profits fall drastically due to weak demand.

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JSW Steel has registered 56.4% fall in its Q1 of FY19-20 (April-June) consolidated net profit at Rs 1,028 crore on the back of lower sales volumes due to subdued steel demand. The company had reported profit of Rs 2,366 crore in the same period last fiscal.

Even though the company maintained its annual guidance in production, which was up three percent, its sales were down by two percent. Revenue of the company declined 3.4 percent at Rs 19,812 crore against Rs 20,519 crore.

The demand slowdown has led to higher inventory levels. While overall, the inventory was at 1.2 million tons, up 3 lakh tons from a year ago, the finished goods inventory increased to 25 days, from the otherwise 20 days.

But the company is hopeful of demand picking up in the coming quarters on the back of higher Government spending on infrastructure.

Sales improve in the first quarter: Tata Steel

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Tata Steel India said its sales in the first quarter of FY20 improved 16% to 3.87 million tonne over the previous year even as liquidity issues and rural stress that impacted domestic consumption, primarily with consolidation of Tata Steel BSL Ltd. for the full quarter.

Production went up 20 per cent to 4.37 million MT in the Q1 against 3.64 million MT with consolidation of Tata Steel BSL for the full quarter due to higher capacity utilisation at both Tata Steel standalone and Tata Steel BSL Ltd.

On the other hand, steel prices across many geographies declined in the first quarter. Input costs too have spiked with a sharp rise in iron ore prices due to supply disruptions and elevated coking coal costs. As a result, market spreads for steel producers globally have been affected.

India’s ambitions on growing steel productions.

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Reportedly, Economic Survey 2018-19 has estimated India’s steel output to hit 128.6 million tonne by 2021 and reach 140 million tonne by 2023, on the back of investments in infrastructure, construction and automobile sectors.

Press Trust of India says “With huge investments in infrastructure, construction and automobile sector, steel demand and corresponding consumption is growing at an average of 7.4 per cent. This will lead steel production to go up to 255 million tonnes by 2030 and per capita steel consumption to 160 kg.”

Crude steel production in 2018-19 stood at 106.56 million tonne, a growth of 3.3 percent over 103.13 million tonne in 2017-18. Currently, India’s per-capita consumption stands at only 69 kg, compared with the global average of 214 kg.

Tata Steel completes acquisition of Bhushan Energy Ltd.

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Tata Steel on Saturday announced it had completed the acquisition of debt-ridden Bhushan Energy Ltd.

The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs.800 crore.

Pursuant to the acquisition, the company holds 99.99% of the total equity share capital of BEL. Bhushan Energy was a subsidiary of Bhushan Steel Ltd, which was also taken over by Tata Steel last year in May, and later renamed as Tata Steel BSL Ltd.

Tata Steel had offered Rs.35,200 crore in cash to acquire Bhushan Steel, besides Rs.1,200 crore to creditors and convert the remaining debt owed to banks to equity.Incorporated in 2005, Bhushan Energy is based in Dhenkanal, Odisha.

STEEL PRICES UNDER IMMENSE PRESSURE

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Despite the mills’ best efforts, steel prices have been unable to gain much traction so far in 2019. Price increase announcements of $40/ton in January and February yielded partial and apparently temporary gains for steelmakers. The prices of all flat-rolled steel products are now well below where they were at the beginning of the year, which may be good news for fabricators and other steel users, but is not-so-good news for steel producers and distributors that have seen their margins and the value of their inventories erode.

SMU tracks steel prices each week and publishes its SMU Price Momentum Indicator, which signals whether steel prices are more likely to move up, down, or sideways in the coming 30 days. Currently, SMU’s market momentum is lower for hot-rolled and plate products and neutral for cold-rolled and galvanized.

Mill price increases cannot succeed without the cooperation of distributors. They are on the front lines in the spot market, and it’s their day-to-day decisions about whether to deal or hold the line that ultimately translate into price changes. SMU’s latest survey data suggests that support for higher prices is waning among service centers. About 90 percent of service center executives responding to SMU’s latest poll said they are having difficulty passing along higher prices to their customers.

In its twice-monthly survey, SMU asks manufacturers if they are seeing higher prices from service centers. In mid-March, around 40 percent of respondents said their service center suppliers were seeking higher prices. In the latest data, that figure had declined to 17 percent.

Medium Carbon Steel Strips.

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Meduim Carbon Steels are similar to low carbon steel except that the carbon ranges from 0.30 to 0.60% & the manganese from 0.50 to 1.65%. Increasing the carbon content is approximately 0.5% with an accompanying increase in manganese allows medium carbon steels to be used in the quenched & tempered conditions. This steels are of particular importance because of unique combination of strength & toughness after heat treat treatment.

For more information, visit us at, www.btstrips.com