Latest news with #ArcelorMittalNipponSteelIndia
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Business Standard
21 hours ago
- Business
- Business Standard
Indian steel companies eye robust growth in FY26 on improved spreads
Indian steelmakers are eyeing stronger growth this financial year (FY26), supported by the recent safeguard duty on imports and improved steel spreads. However, China remains a wildcard. Steel imports started dropping in the lead-up to the government's provisional safeguard duty – a measure aimed at protecting domestic producers from a flood of cheap imports. Data from price reporting and market intelligence firm BigMint showed that India's steel imports fell 21 per cent year-on-year (Y-o-Y) in January-April 2025 to 2.85 million tonnes (mt). Imports from China stood at 1.11 mt in the same period previous year, which reduced to 0.50 mt during January-April 2025. This reflected on steel prices. The monthly average for hot rolled coil (HRC) ex-Mumbai increased from ₹46,878 per tonne in December to ₹52,033 per tonne in April. It was at the same level in May 2025, while the average in May 2024 was at ₹54,100 per tonne. Post-safeguard steel prices have not increased to the extent that was anticipated. 'There are concerns around Chinese steel prices, which are trending down. Moreover, it continues to push volumes into the rest of the world,' said Ranjan Dhar, director and vice-president – sales and marketing at ArcelorMittal Nippon Steel India (AM/NS India) US President Donald Trump on Friday announced that he would be increasing tariffs on steel and aluminium to 50 per cent from 25 per cent. According to a report by Global Trade Research Initiative (GTRI), India exported $4.56 billion worth of iron, steel, and aluminium products to the US in FY25 with key categories, including $587.5 million in iron and steel, $3.1 billion in iron or steel articles, and $860 million in aluminium and related articles. 'These exports are now exposed to sharply higher US tariffs threatening the profitability of Indian producers and exporters,' the report mentioned. Dhar said that there would be no direct impact on Indian carbon steel, which already faces anti-dumping duty (ADD), countervailing duty (CVD), and Section 232. 'It's clear that in the era of trade barriers, if any country remains open or does not have adequate protection, its domestic industry will be impacted.' 'Chinese exports are still very high and a big concern for everyone. They should voluntarily regulate production close to their domestic consumption,' he added. 'The latest US announcement may result in a higher steel diversion risk into India. It will also stop small volume exports to the US,' said another major carbon steel producer. On April 21, 2025, following an investigation and recommendation by the Directorate General of Trade Remedies (DGTR), the Indian government imposed a 12 per cent provisional safeguard duty following a surge in low-cost imports. The safeguard duty was expected to impose a $60 per tonne additional levy for import of HRC. But falling Chinese steel prices and rupee strengthening have taken away half of its benefit,' said Ritabrata Ghosh, vice-president, Investment Information and Credit Rating Agency (Icra). According to a media report, the government is said to review the possibility of increasing the safeguard duty to 24 per cent. The industry demand was 25 per cent. Between February and May 2025, Chinese HRC prices have decreased from $470 a tonne to $455 per tonne. 'This can weigh on Indian steel prices going forward, even as the first quarter of 2025-26 (Q1FY26) is expected to be strong on the back of higher steel prices and lower coking coal prices,' Ghosh said. Steel prices started appreciating from January, but Q4FY25 is believed not to have captured it in full. 'The pricing environment has improved from Q4FY25 to Q1FY26. I see a potential improvement of about ₹3,250 per tonne on an average basis from the lows seen in the past few months,' said Managing Director and Chief Executive Officer Jayant Acharya, JSW Steel joint. 'We should continue to watch China. Their exports are still high, at about 10 mt a month. In Q4, we have seen a drop in Chinese imports into India, primarily in anticipation of safeguard duty and prices also hitting a low,' he added. According to Acharya, India is vulnerable given the strong domestic demand and changing global tariff dynamics. 'We will have to remain vigilant and proactive to implement necessary trade measures in time.' Sehul Bhatt, director- Research, Crisil Intelligence, said: Chinese finished steelmakers have pumped up exports in the recent past, to 111 mt in calendar 2024 from 94 mt in 2023 and 64 mt in 2022. 'The trend continued in Q1FY26 with export volume rising 6.4 per cent Y-o-Y.' One of the reasons behind limited export opportunities for domestic steelmakers is competitively priced Chinese products. However, given that 97 per cent of India's steel demand is met locally, the domestic steel sector is relatively insulated from tariff changes abroad, he added. Crisil Intelligence has forecasted domestic steel demand to grow 9-10 per cent Y-o-Y in FY26.
Hans India
2 days ago
- Business
- Hans India
AM/NS India launches world-class, patented colour-coated products Optigal® Prime and Optigal® Pinnacle to drive ‘Viksit Bharat'
ArcelorMittal Nippon Steel India (AM/NS India) today announced the launch of Optigal® Prime and Optigal® Pinnacle, two world-class, high-performance products in its premium colour-coated steel portfolio Optigal®. With this launch, AM/NS India ups its game in the colour-coated steel market in India, introducing for the first time European standard highly corrosion-resistant steel for use in large high-end infrastructure and construction projects such as state-of-the-art airports, railway stations, highways, large building projects. The company is pioneering a new market segment in high-quality C4 specialty steel previously unavailable in India, where it proudly stands as the sole domestic producer. The product will support the Prime Minister's call for accelerated development, which would be the key to achieving a 'Viksit Bharat'. AM/NS India targets a dominant market share in this segment and a 25% share in the overall colour-coated steel segment. The colour-coated steel segment in India, which is estimated to be 3.4 million tonnes market at present, is growing at a sustained pace of around 10 per cent annually. The addition of two new specialised Optigal® offerings will bring AM/NS India closer towards its goal of securing 25% within the next two to three years. Optigal® Prime is suited for urban and moderately corrosive environments, offering a 15-year warranty. Available in advanced finishes like Silicon Modified Polyester (SMP), Super Durable Polyester (SDP), and PVDF, it is an ideal choice for roofing, cladding, and a range of other construction needs. Optigal® Pinnacle is the top-tier variant, designed for harsh industrial and coastal conditions. Backed by a 25-year warranty, it features high-performance PU/PA coatings that offer superior resistance to moisture, UV rays, and extreme temperatures – making it suitable for demanding applications such as airports, warehouses, and marine-facing buildings. Ranjan Dhar, Director and Vice-President of Sales and Marketing at ArcelorMittal Nippon Steel India (AM/NS India), said: 'Launch of Optigal® Prime and Optigal® Pinnacle reflects our commitment to quality, durability, and sustainable innovation. As India's infrastructure and construction needs evolve on the path to 'Viksit Bharat', we are proud to offer world-class, high-performance steel solutions that address diverse climatic and industrial demands. This marks a significant step forward as we continue to strengthen our value-added product portfolio in line with our brand promise – Smarter Steels, Brighter Futures.' Six specialised variants of Optigal® Prime and Optigal® Pinnacle will be available – High Gloss, Anti-Dust, Anti-Graffiti, Anti-Static, Anti-Microbial, and Cool Roof – that will cater to diverse needs for high-performance steel solutions in rapidly expanding India's construction and infrastructure sectors. These variants have been developed using the advanced Zinc-Aluminium-Magnesium technology to deliver superior protection from corrosion and weathering – up to three times compared to conventional coatings. As part of AM/NS India's commitment to the 'Make in India' initiative, these steel solutions have been designed with an eco-conscious approach – featuring low VOC emissions, no heavy metals or hexavalent chromium, and 100% recyclability, making them an excellent choice for sustainable and future-ready construction. Optigal® products are being manufactured at the company's state-of-the-art facility in Pune, Maharashtra. The company's colour-coated steel capacity currently stands at about 7 lakh tonnes annually, with plans to expand to one million tonnes soon, reinforcing its leadership in India's colour-coated steel segment.
Time of India
2 days ago
- Business
- Time of India
AMNS India targets 25% share in colour-coated steel market with new Optigal product line
New Delhi: ArcelorMittal Nippon Steel India ( AMNS India ) announced the launch of two new colour-coated steel products— Optigal Prime and Optigal Pinnacle —as part of its strategy to capture a 25 per cent share in India's 3.4 million tonne colour-coated steel market within the next two to three years. The announcement comes amid a steady 10–12 per cent annual growth in domestic demand for colour-coated steel, driven by sectors such as airports, railways, metro projects, and highways. 'We have launched Optigal Prime and Optigal Pinnacle , a totally new product range in the domestic steel industry, to cater to this demand. We are targeting sectors like highways, railways, metros, airports with our innovative and sustainable product,' said Ranjan Dhar, Director and Vice President, Sales and Marketing, AMNS India. Dhar said AMNS India is currently the only domestic producer of C4 category high-end corrosion-resistant colour-coated steel, which until now was available only in European markets. The new product line will be manufactured at the company's Pune facility. AMNS India's current colour-coated steel capacity stands at around 7 lakh tonnes annually, with plans to scale up to one million tonnes in the near future. Optigal Prime is designed for urban and moderately corrosive environments and comes with a 15-year warranty. It is available in finishes such as Silicon Modified Polyester (SMP), Super Durable Polyester (SDP), and PVDF. Optigal Pinnacle, positioned for more demanding industrial and coastal applications, is backed by a 25-year warranty and features PU/PA coatings for protection against moisture, UV exposure, and temperature variations. Six specialised variants of Optigal Prime and Optigal Pinnacle—High Gloss, Anti-Dust, Anti-Graffiti, Anti-Static, Anti-Microbial, and Cool Roof—have been developed using Zinc-Aluminium-Magnesium technology. This coating provides up to three times the corrosion and weather resistance compared to conventional coatings. The company said these new offerings will help support the government's infrastructure goals under the 'Viksit Bharat' programme. The products have been designed in line with the 'Make in India' initiative, incorporating low VOC emissions, no heavy metals or hexavalent chromium, and 100 per cent recyclability. 'These products mark a significant step forward as we continue to strengthen our value-added product portfolio in line with our brand promise – Smarter Steels, Brighter Futures,' Dhar said. The launch is aligned with the company's focus on expanding its value-added steel segment and meeting demand from India's rapidly growing infrastructure and construction sectors.
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Business Standard
3 days ago
- Business
- Business Standard
AM/NS India launches two new patented steel products under Optigal
ArcelorMittal Nippon Steel India (AM/NS India) on Friday announced the launch of two products — Optigal Prime and Optigal Pinnacle — in its premium colour-coated steel portfolio, Optigal. With this launch, AM/NS India strengthens its position in the colour-coated steel market in India, introducing European-standard, highly corrosion-resistant steel for use in high-end infrastructure and construction projects such as state-of-the-art airports, railway stations, highways, and large buildings for the first time. Colour-coated steel is used in a variety of applications, primarily in construction, home appliances, furniture, and transportation. It is also popular for roofing, wall cladding, architectural facades, and interior decoration due to its durability, aesthetic appeal, and weather resistance. Major companies such as JSW Steel, Tata Steel, and Essar Steel are significant players in this sector. AM/NS is pioneering a new market segment in high-quality C4 specialty steel, previously unavailable in India, where it now stands as the sole domestic producer, said Ranjan Dhar, Director and Vice President of Sales and Marketing, at a press conference. The product will support Prime Minister Narendra Modi's call for accelerated development, which is key to achieving a Viksit Bharat. The steelmaker is targeting a dominant position in this segment and a 25 per cent share in the overall colour-coated steel market, Dhar added. The colour-coated steel segment in India, currently estimated at 3.4 million tonnes (mt), is growing at a sustained pace of around 10 per cent annually. The addition of two new specialised Optigal offerings will bring AM/NS India closer to its goal of securing 25 per cent of the market within the next two to three years, Dhar said. Optigal Prime is suited for urban and moderately corrosive environments, offering a 15-year warranty. Available in advanced finishes such as Silicon Modified Polyester (SMP), Super Durable Polyester (SDP), and PVDF, it is an ideal choice for roofing, cladding, and a range of other construction needs. Backed by a 25-year warranty, Optigal Pinnacle is designed for harsh industrial and coastal conditions, featuring high-performance PU/PA coatings that offer superior resistance to moisture, UV rays, and extreme temperatures — making it suitable for demanding applications such as airports, warehouses, and marine-facing buildings. AM/NS has already secured its first order, Dhar noted, although he did not disclose the order size. Six specialised variants of Optigal Prime and Optigal Pinnacle will be available — high gloss, anti-dust, anti-graffiti, anti-static, anti-microbial, and cool roof — catering to diverse requirements for high-performance steel solutions in India's rapidly expanding construction and infrastructure sectors. These variants have been developed using advanced zinc-aluminium-magnesium technology to deliver superior protection from corrosion and weathering — up to three times that of conventional coatings. As part of AM/NS India's commitment to the 'Make in India' initiative, these steel solutions have been designed with an eco-conscious approach — featuring low VOC emissions, no heavy metals or hexavalent chromium, and 100 per cent recyclability, making them an excellent choice for sustainable and future-ready construction. Optigal products are being manufactured at the company's state-of-the-art facility in Pune, Maharashtra. The company's colour-coated steel capacity currently stands at about 700,000 tonnes annually, with plans to expand to 1 mt soon. On exports of these products, Dhar said the company will first cater to domestic demand and then look at West Asian countries if opportunities emerge.
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Business Standard
30-04-2025
- Business
- Business Standard
AM/NS India Q1 results: Ebitda down 67.6% to $101 mn, sales drop 20.2%
ArcelorMittal Nippon Steel India (AM/NS India) on Wednesday reported a 67.6 per cent drop in earnings before interest, tax, depreciation and amortization (Ebitda) at $101 million in the January-March quarter from $312 million last year. This was due to lower steel shipments and unfavourable market conditions. Sequentially, Ebitda was 24.1 per cent lower from $133 million in the December quarter. Sales during the quarter stood at $1.45 billion, down 20.2 per cent from the year-ago period at $1.81 billion. The company said that sales decreased by 8.6 per cent from $1.6 billion in the previous quarter primarily due to a 12 per cent decline in steel shipments. Shipments were impacted by planned maintenance and unfavourable market conditions which have been subsequently addressed by safeguard measures, it added. Steel shipments in the quarter were at 1.88 million tonne (mt), falling 6.6 per cent lower than the year-ago period. Steel production at 1.68 mt was down by 15.1 per cent a year back. ArcelorMittal said the first phase of AM/NS India's expansion at Hazira to 15 mt was 'on track' with completion expected by the end of 2026. Further plans were under development to build a 2.5 mtpa compact strip production mill to increase Hazira production capacity to 18 mtpa, the company said. ArcelorMittal, the world's second largest steelmaker, reported quarterly Ebitda of $1.58 billion, down 19.2 per cent from the year-ago period at $1.96 billion. Sales of $14.8 billion were lower than $16.28 billion last year. Steel shipments at 13.6 mt was near-flat compared to 13.5 mt in the same period last year. The global steelmaker cautioned about trade disruptions. In a statement, ArcelorMittal's Chief Executive Officer, Aditya Mittal, said heightened uncertainty around the terms of global trade is hurting business confidence and risks causing further economic disruption if not quickly resolved. However, he said, it was encouraging that governments around the world were committed to supporting their domestic manufacturing industries. "In the US, Section 232 tariffs are supporting higher prices and spreads, and in Europe the Steel and Metals Action Plan is a much needed and important signal that Europe will take action to support strategically important industries like steel from unfair competition,' he added.
