TBB BUREAU MUMBAI, JUNE 13, 2023  India’s aluminium exports to the European Union (EU) are set to become unviable once the 27-nation bloc implements the Cross-Border Adjustment Mechanism (CBAM) to help reduce its carbon emissions and eventually attain Net-Zero carbon emissions by 2050, a CRISIL report says. Under CBAM, which takes effect in a few months — the transition phase ...

TBB BUREAU NEW DELHI, MAR 30, 2023 Domestic demand for stainless steel, which was 4 million tonne (MT) in fiscal 2022, is projected to log a healthy compound annual growth rate of 9% in the three fiscals through 2025, double the 4.5% pace of the past five fiscals. This will be driven by increasing adoption of stainless steel in railways ...

TBB BUREAU MUMBAI, FEB 22, 2203 Buoyed by the infrastructure-focused Union Budget, cement demand is set for its third straight year of growth with a 7- 9% jump to ~425 million tonne (MT) in fiscal 2024. However, the outlook on operating margin, which has been under pressure, remains clouded with the prices of key inputs – coal and pet coke ...

TBB BUREAU BHUBANESWAR, SEPT 26, 2022 Operating profitability of cement makers will decline 15% on-year to Rs 900-925 per tonne in fiscal 2023, adding to the pain of a 9% decline last fiscal, as increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2022 Domestic prices of aluminium, which surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend. Domestic prices are linked to three-month contracts on the London Metal Exchange ...

TBB BUREAU BHUBANESWAR, JULY 6, 2021 Sharp increase in prices of steel will lift operating margin of primary steel manufacturers by 500 basis points (bps) to 32-33% on-year this fiscal, according to rating agency Crisil. “While this will drive steelmakers to double down on capital expenditure, robust accruals will help them continue deleveraging and strengthening of balance sheets, leading to ...