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New Delhi: Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities. The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices. The report highlighted that <keyword id="24048830" type="General" weightage="20" keywordseo="Chinese-steel-exports" source="keywords">Chinese steel exports</keyword> reached 92 million tonnes per annum (MTPA) between January and October 2024, marking a 22 per cent year-on-year increase. This has led to an oversupply in the global market, weighing down prices domestically. It said "Weak Chinese domestic demand along with higher Chinese exports has led to a decline in steel prices in India. Chinese steel exports from Jan'24 to Oct'24 stood at 92 MTPA, up 22 per cent YoY" In India, the average price of hot-rolled coil (HRC) steel in the trader's market in Mumbai fell by 8 per cent year-on-year and 6 per cent quarter-on-quarter to Rs 51,802 per tonne in the second quarter of FY25. Spot prices have further declined to Rs 49,000 per tonne, 5 per cent lower than the Q2FY25 average. The report also noted some signs of recovery in China's residential property sector, with increased transactions in major cities following policy measures aimed at boosting demand. However, challenges remain, as the three-month moving average of year-to-date floor space declined by 19 per cent year-on-year in September 2024, remaining in negative territory. It said "China's residential property sector is showing some signs of improvement with the transactions in major cities rising after recent policy measures introduced to boost demand". On the global front, the report noted that the probability of a 25-basis point rate cut by the US Federal Reserve in its December 2024 meeting has fallen to 58.9 per cent, down from 76.8 per cent in October 2024, owing to strong economic data from the US. Additionally, China has removed a 13 per cent export rebate on aluminum and copper, effective December 1, 2024, in response to anticipated tariff measures by the new US administration. These developments highlight the ongoing challenges and potential shifts in the global and domestic steel and metals markets.

Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

In order to protect the domestic steel industry, which is facing tough times, the <keyword id="109322" type="ORGANIZATION" weightage="100" keywordseo="steel-ministry">Steel Ministry</keyword> of India has pitched for addressing the inverted duty structure in the upcoming Budget. Not only this, they have also asked the Finance Ministry to raise the peak duty rate by 10%, which means that they want the present 15% duty to be raised to 25%. 
 
Finance Minister Arun Jaitley will present the Union Budget for the 2016-17 fiscal in Parliament on 29th February. 
 
If this proposal is accepted, it will be the second consecutive increase in the peak rate in two budget sessions, as the last budget had raised the peak customs duty from 10 to 15%. 
 
Earlier this month, the government had done a small bit to protect the steel industry when it had imposed a minimum import price (MIP) on 173 steel products ranging between USD 341 to USD 752 per tonne. 
 
Besides this, the government had also imposed provisional Safeguard Duty in July 2015 and had increased import duty on certain steel products to keep a check on steel imports. 
 
<a href="http://economictimes.indiatimes.com/photo/47175355.cms">Image source</a>

Budget 2016: Steel Ministry demands another rise in peek customs duty

New Delhi, India has registered a 4.1 per cent growth in its crude <keyword id="113521" type="General" weightage="20" keywordseo="steel-production" source="Orion">steel production</keyword> at 11.2 MT amid 5.1 per cent downfall in the global output at 161.6 MT in May 2023, according to the World <keyword id="34570" type="General" weightage="20" keywordseo="steel" source="Orion">Steel</keyword> Association (worldsteel). Despite a 7.3 per year-on-year (y-o-y) fall, China remained the top steel producing country in May with 90.1 MT crude steel production, worldsteel data showed. India produced 11.2 MT crude steel, up 4.1 per cent over May 2022, the body said in its latest report. Japan's output was also 5.2 per cent down y-o-y at 7.6 MT. The United States produced 6.9 MT steel registering a 2.3 per cent fall annually. Russia is estimated to have produced 6.8 MT, up 8.8 per cent. South Korea registered a marginal fall of 0.1 per cent to 5.8 MT. While Germany produced 3.2 MT, Brazil 2.8 MT, Turkiye 2.9 MT and Iran produced 3.3 MT in May 2023. Brussels-based World Steel Association is one of the largest industry associations in the world, with members in every major steel-producing country. It represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85 per cent of <keyword id="279841" type="General" weightage="20" keywordseo="global-steel" source="Orion">global steel</keyword> production.

Global steel production falls 5.1% in and India's output rises 4.1% in May 2023

<keyword id="45609" type="DOMAIN" weightage="20" keywordseo="jsw-steel" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="jsw steel" meta.entityname="JSW Steel Ltd." meta.entityid="8352" meta.seoname="jsw-steel-ltd">JSW Steel</keyword> on Tuesday said its subsidiary, <keyword id="1708324" type="General" weightage="50" keywordseo="jsw-steel-coated-products" source="Orion">JSW Steel Coated Products</keyword>, has entered into an agreement to acquire 31 per cent stake in startup <keyword id="16229994" type="General" weightage="80" keywordseo="ayena" source="Orion">Ayena</keyword> Innovation in home furnishings and decor space for a cash consideration of Rs 5.99 crore. According to the statement released on Tuesday, this proposed investment is in line with endeavours of JSW Steel Coated Products Limited to explore new avenues to increase the consumption of coated steel products. The statement of the company also added this investment will enable JSWSCPL to further diversify its customer portfolio mix and enhancing its presence in the retail business. JSW Steel said the company through its wholly-owned subsidiary, JSWSCPL, proposes to acquire 31 per cent equity shareholding in Ayena. The company said in the statement shared with stock exchanges on Tuesday that the indicative time-period for the completion of the acquisition was 45 days from the execution date of the agreements. JSW Steel is an Indian multinational steel producer based in Mumbai and is a flagship company of the <keyword id="144036" type="General" weightage="50" keywordseo="jsw-group" source="Orion">JSW Group</keyword>. After the merger of <keyword id="13989344" type="DOMAIN" weightage="20" keywordseo="ispat" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="ispat" meta.entityname="Heera Ispat Ltd." meta.entityid="3987" meta.seoname="heera-ispat-ltd">ISPAT</keyword> Steel and Jindal <keyword id="16229995" type="General" weightage="50" keywordseo="vijayanagar-steel-limited" source="Orion">Vijayanagar Steel Limited</keyword>, JSW Steel became India's second-largest private-sector steel company. Founded in 2013, JSWSCPL claims to be the country's largest manufacturer and exporter of colour-coated steel products, and a wholly owned subsidiary of JSW Steel, according to the company's website. The statement also added that Ayena is a start-up registered by the Department for Promotion of Industry and Internal Trade and will be in the business of development, manufacturing, and sales of quick-to-install modular solutions including modular kitchens. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/maruti-suzukis-q3-net-profit-zooms-133-to-2351-crore-on-lower-input-costs/articleshow/97275909.cms">Maruti Suzuki’s Q3 net profit zooms 133% to ₹2,351 crore on lower input costs</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/5g-network-can-be-misused-for-drug-trafficking-money-laundering-terror-financing-papers-submitted-at-dgps-meet/articleshow/97278524.cms">5G network can be misused for drug trafficking, money laundering, terror financing: Papers submitted at DGPs' meet</a>

JSW Steel arm enters into deal to buy 31% stake in startup Ayena

Buying expensive crockeries is an intermittent choice which we make, especially if the occasion involves guests at home. But when it comes down to daily use, keeping aside the fancy dinnerware, we opt for our good old <keyword id="639233" type="General" weightage="20" keywordseo="steel-plates" source="Orion">steel plates</keyword>. Indian households are incomplete without steel crockeries and when any meal is served on a steel plate, it simply feels like home. Easy to use, wash and store, these plates come with a long-lasting immunity against rust, scratches and stains. Along with an emotional connection, these kinds of plates have great utility and offer great value for money as well. So we have listed out 6 stainless steel plate sets for you to choose from, to upgrade your existing dinnerware cluster. <bulletContentEmbed name="B0791GFNDG" columns="1"><bulletContentHeading name="B0791GFNDG_head"><div type="image" title="Daily Use" msid="87279177" hostid="261"></div></columnHeadThumb>B0791GFNDG</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B0791GFNDG_body"><bulletContentRow name="B0791GFNDG_3398115484207534"><bulletContentRowHeading><bulletContentRowHead col="1">Sumeet Stainless Steel Heavy Gauge Small Halwa Plates with Mirror Finish, 12 Pieces</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 12 small food-grade stainless steel plates is commonly used to serve savoury snacks during tea time and for plating desserts as well. Easy to clean and maintain, these affordable steel plates have a long life span and are suitable for daily use. This set comes with a premium mirror finish, which retains its brand new look for a considerable amount of time. Each plate can be stacked on top of one another, thus, saving substantial storage space.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B0791GFNDG_8706711922882046"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 12 small food-grade stainless steel plates is suitable for daily use.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08Q3B3BQ6" columns="1"><bulletContentHeading name="B08Q3B3BQ6_head"><div type="image" title="Easy Wash" msid="87279247" hostid="261"></div></columnHeadThumb>B08Q3B3BQ6</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08Q3B3BQ6_body"><bulletContentRow name="B08Q3B3BQ6_4265689209589794"><bulletContentRowHeading><bulletContentRowHead col="1">Springway- Brand of Happiness, Stainless Steel Dinner Plate with Mirror Finish</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Made of high-quality stainless steel with a mirror finish, this set of 6 round plates is a quintessential member of almost every Indian kitchen. These also have smoothened walls around them, for the easy handling of gravies and curries while eating. They require no special maintenance, are easy to wash and are suitable for homes and restaurants as well. They come with a promise of durability and since each plate can be stacked upon each other, you can end up saving a considerable amount of space in your kitchen closet.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08Q3B3BQ6_8166083876871324"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 6 high-quality round stainless steel plates come with an elegant mirror finish.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B082Q7DFTM" columns="1"><bulletContentHeading name="B082Q7DFTM_head"><div type="image" title="Flower Design" msid="87279295" hostid="261"></div></columnHeadThumb>B082Q7DFTM</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B082Q7DFTM_body"><bulletContentRow name="B082Q7DFTM_1698127035433670"><bulletContentRowHeading><bulletContentRowHead col="1">Titox Stainless Steel Dinner Plate, Thali- Set of 4</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">A set of 4 heavy stainless steel plates with floral prints, these plates are massively popular among online crockery shoppers. Each plate has been crafted out of food-grade steel and further designed with laser, for an appealing appearance. Suitable for multipurpose usage in homes and restaurants, this set is ideal for serving meals to guests. The price of this entire set is quite reasonable when compared to other variants and these plates do hold a solemn promise of high durability.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B082Q7DFTM_0492994110526195"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This 4-piece set of heavy stainless steel plates with floral prints is a must-have.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07S9D43P3" columns="1"><bulletContentHeading name="B07S9D43P3_head"><div type="image" title="Scratch-Resistant" msid="87279337" hostid="261"></div></columnHeadThumb>B07S9D43P3</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07S9D43P3_body"><bulletContentRow name="B07S9D43P3_4204822122873345"><bulletContentRowHeading><bulletContentRowHead col="1">Neelam Stainless Steel Buffet Plate- Set of 4</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">If you want to upgrade your dinnerware collection, then add this simple set of 4 premium stainless steel plates to your cart. Each plate is completely immune to stains, scratches, rust and can be used on an everyday basis. You can serve an entire meal on these plates without a worry because these have been crafted out of food-grade steel, keeping your health in view. This set falls under the category of essentials in any Indian kitchen and accordingly, it can be presented as a housewarming gift as well.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07S9D43P3_2837898894015854"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Upgrade your dinnerware collection with this simple set of 4 premium stainless steel plates.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07J18GD2B" columns="1"><bulletContentHeading name="B07J18GD2B_head"><div type="image" title="Deep Compartments" msid="87279360" hostid="261"></div></columnHeadThumb>B07J18GD2B</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07J18GD2B_body"><bulletContentRow name="B07J18GD2B_4691546855669379"><bulletContentRowHeading><bulletContentRowHead col="1">Dharam Paul Traders Stainless Steel Dinner Plate, Set of 6</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This heavy 6-piece set of stainless steel compartment plates is perfect for meals with diverse food offerings. Ideal for daily use, these large compartment plates have extra-deep pockets to separately accommodate gravy-based items, pulses and curries with your sides. Easy to clean and care for, you wouldn't need extra bowls during your meals while using these plates. This further frees you from washing extra crockeries, thus saving time and energy! Additionally, the edges of the plates are smoothened out, which makes them kid-friendly as well.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07J18GD2B_0123981167029775"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This 6-piece set of stainless steel compartment plates is perfect for meals with diverse offerings.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07MBNT916" columns="1"><bulletContentHeading name="B07MBNT916_head"><div type="image" title="Mirror Finish" msid="87279476" hostid="261"></div></columnHeadThumb>B07MBNT916</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07MBNT916_body"><bulletContentRow name="B07MBNT916_6523213497021352"><bulletContentRowHeading><bulletContentRowHead col="1">KCL Stainless Steel Round Plate</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 4 high-quality stainless steel plates with compartments is ideal for those days when there are different food preparations during dinner or lunch. These mirror-finish plates keep food items segregated, thus, preventing them from mixing with one another. These sturdy plates are also suitable for heavy-duty use, throughout the year and are especially suited for college and school canteens. Moreover, if you're someone who likes to consume a balanced meal, then this compartmentalized set of steel plates will help your diet plans.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07MBNT916_9502513015036883"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This durable 4-piece set of stainless steel plates with compartments, is suitable for daily use.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

Best steel plates for lunch and dinner in India

India's largest steel-makers' association has urged the government to extend a relief package to the iron and steel sector, as most companies are likely to default on their loans. 
 The <keyword id="2490974" type="UNKNOWN" weightage="100" keywordseo="Indian-Steel-Association">Indian Steel Association</keyword> (ISA), which represents India's biggest private steel producer JSW Steel Ltd and largest public-sector steelmaker Steel Authority of India Ltd, said a large number of loans to companies were under stress and could turn into non-performing assets. 
The association urged the Indian government to dole out a special steel package offering flexibility on payment of their debt. 
 
The average operating profit margin of all steel companies in India dropped by over 40 percent in the October-December quarter, the association said in a statement on Tuesday. 
 The <keyword id="55611" type="ORGANIZATION" weightage="100" keywordseo="Indian-steel">Indian steel</keyword> industry, with a total installed capacity of 110 million tonnes per annum built at huge borrowings from banks, has been hit hard due to cheap imports from China and falling steel prices globally. 
 
Total steel imports in India rose 24.1 percent between April 2015 and January 2016, compared with the same period a year earlier, mainly due to a rise in imports from China, according to data released by India's steel ministry earlier this month. 
 
That also led to a drop in prices of steel products, according to data from NCDEX Ltd, India's second-biggest commodity exchange. 
 
With excess capacity flooding the Indian market, domestic steel producers have cut production and prices, a move that has hurt their ability to generate enough operating profit to service their debt and working capital, ISA said. 
 
Addressing repeated demands of the steel industry, the government on Feb. 6 imposed a minimum import price on 173 steel products flowing into India. 
 
But that would not be enough to address financial stress in the system, after the "severe erosion" in the operating profit margin of Indian steel-makers, the ISA said. 
 
A steel ministry official told Reuters on the condition of anonymity that the government would not want financial stress in the sector to hurt production of local makers, but declined to comment on whether the government would offer a relief package. 
 
<a href="http://glocdn.investing.com/news/LYNXMPEB0D05J_L.jpg">Image source</a>

Steel makers in India want desperate help from the Government!

The <keyword id="6354868" type="General" weightage="20" keywordseo="uk" source="Orion">UK</keyword> <keyword id="26362" type="General" weightage="20" keywordseo="government" source="Orion">government</keyword> has offered a counter-package to <keyword id="6357147" type="DOMAIN" weightage="20" keywordseo="tata-steel" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="tata steel" meta.entityname="Tata Steel Ltd." meta.entityid="12902" meta.seoname="tata-steel-ltd">Tata Steel</keyword> against its proposal seeking a financial package to execute its decarbonisation plans for its plant in Port Talbot, its global CEO and MD TV Narendran has said. However, there is a big gap between what <keyword id="8555" type="General" weightage="100" keywordseo="tata" source="Orion">Tata</keyword> <keyword id="34570" type="General" weightage="20" keywordseo="steel" source="Orion">Steel</keyword> had asked for and what the British government has offered, he said without sharing any details of the government's offer. Tata Steel owns the UK's largest steelworks at Port Talbot in South Wales and employs around 8,000 people across all its operations in the country. The company had sought 1.5 billion pounds from the UK government to execute its decarbonisation plans. When asked if the Rishi Sunak-government in the UK has responded to Tata Steel's proposal seeking financial support, the CEO replied in affirmative. Tata Steel UK had submitted a proposal to transition into a new process route, which will be greener and more sustainable. The UK government has come back with a counter-proposal, which is less than what the company had asked for, Narendran told PTI in a video conference. Tata Steel will now have to re-work on its decarbonisation plans for the UK business. It will rethink the facilities that can be set up and those which can't be taken forward, he said. "We need to re-look at the configuration because our proposal we felt was the most optimal proposal from the long-term sustainability of the site but obviously the UK government will also be limited by how much support they can give because the UK itself is in a difficult position economically. So, we have seen what they have offered. Let us now work and see if there is something which can be worth it," the company official said. When asked about the company's stance on exiting the UK business, which has been affecting the company's balance sheets, Narendran said Tata Steel can not see its future in the UK without the support of the government there. "What I have said last time is we believe that we can't create a future in the UK without some government support. Now that the government has come back with a proposal... let's see if based on their offer we do something which can work," he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/video-games-dont-harm-cognitive-abilities-but-dont-benefit-either-says-us-based-study/articleshow/97730048.cms">Video games don't harm cognitive abilities but don't benefit either says US based study</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/microsofts-chatgpt-powered-bing-browser-now-available-publicly/articleshow/97729788.cms">Microsoft's ChatGPT-powered Bing browser now available publicly</a>

UK govt offered us a counter-package for Port Talbot plant, says Tata Steel CEO

Given the highly dependable nature of steel for a long list of purposes, it is no surprise that steel chairs are always in demand. Majorly, supreme quality steel chairs are utterly immune to daily wear and tear, which make them a desired choice for home and office furnishing. As opposed to wrought iron chairs, the steel ones are usually handy, transportable and compact. So if you're browsing for heavy-duty and economic steel chairs to add some extra seating arrangement in your home or office, then your search ends here. We have chalked out a list of 6 high-quality and stylish steel chairs that can serve multiple objectives, wherever placed and offer great value for money too. <bulletContentEmbed name="B00JEY9YN2" columns="1"><bulletContentHeading name="B00JEY9YN2_head"> <div type="image" title="Durable Build" msid="87266952" hostid="261"></div></columnHeadThumb>B00JEY9YN2</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00JEY9YN2_body"><bulletContentRow name="B00JEY9YN2_5556641928174252"><bulletContentRowHeading><bulletContentRowHead col="1">Ikea Alloy <keyword id="200063" type="General" weightage="20" keywordseo="steel-chair" source="Orion">Steel Chair</keyword></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This red alloy steel chair is a comfortable seating space that is sturdy, durable and stylish as well. This sleek steel chair can be stacked, enabling it to occupy less space and it is easy to assemble. Further, this chair has been tested for home use and it meets the highest standards of safety as well. It is also lightweight, which makes it easy to move around as per your convenience. The slightly curved backrest provides extra support, making it a popular choice among online shoppers.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00JEY9YN2_9361449664517116"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This comfortable red alloy steel chair is sturdy, durable and stylish as well.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B071173FS8" columns="1"><bulletContentHeading name="B071173FS8_head"> <div type="image" title="Lightweight" msid="87266974" hostid="261"></div></columnHeadThumb>B071173FS8</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B071173FS8_body"><bulletContentRow name="B071173FS8_5211843050467284"><bulletContentRowHeading><bulletContentRowHead col="1">AmazonBasics Steel Zero Gravity Reclining Lounge Portable Chair, Black</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This zero-gravity steel chair provides a stress-free experience for optimal relaxation, after a tiring day. Its powder-coated steel frame equips it with strength and it even ranks high on durability. The padded headrest and the strategically contoured armrests, add to the feeling of utmost comfort. Lightweight and portable, this reclining lounge chair has a coat of weather-resistant fabric and it also doesn't retain heat, making it ideal for outdoors too. It can shoulder up to 90 kg of load and comes with a 1-year warranty. This reclining chair is simply perfect for your patio, garden, terrace and even the living room.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B071173FS8_8018743700937359"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This zero-gravity portable chair has a powder-coated steel frame for sturdiness and is lightweight too.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07X7NRJKX" columns="1"><bulletContentHeading name="B07X7NRJKX_head"> <div type="image" title="Ergonomic Design" msid="87266976" hostid="261"></div></columnHeadThumb>B07X7NRJKX</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07X7NRJKX_body"><bulletContentRow name="B07X7NRJKX_1564764641818872"><bulletContentRowHeading><bulletContentRowHead col="1">Nilkamal Novella 17 Stainless Steel Chair, Weather Brown</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This brown stainless steel chair is delivered in a pre-assembled condition and its contemporary design will add value to any corner. Made of premium quality material, the design of this chair is compact and since it is slender as well, it can be easily stacked to save space. Further, its ergonomic design lets you sit on it for hours without any discomfort, making it perfect for your work from home routine. It can withstand a weight of 100 kg and is a suitable addition to residential and commercial areas.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07X7NRJKX_1272732442228378"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This lightweight, portable and sturdy brown stainless steel chair is made of premium quality material.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07XP9NTTP" columns="1"><bulletContentHeading name="B07XP9NTTP_head"><div type="image" title="Portable Design" msid="87266994" hostid="261"></div></columnHeadThumb>B07XP9NTTP</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07XP9NTTP_body"><bulletContentRow name="B07XP9NTTP_8403252034629463"><bulletContentRowHeading><bulletContentRowHead col="1">RW Rest Well RW-158 Comfortable Multi-Purpose Heavy Duty Steel Chair with a Leather Cushion, Black</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Multipurpose, portable and heavy-duty are the 3 words that pop up while talking about this contemporary black steel chair. Suitable for daily use and resistant to wear and tear, this chair is ideal for your dining room, lawn, terrace, office space and so on. The design of this steel chair is also a contributing factor to its popularity because the duration spent on it, is nothing less than comfy for the occupant. Additionally, this budget-friendly chair can be easily assembled within minutes and its soft cushion alongside the footrest, makes it a steal deal.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07XP9NTTP_0733317855679700"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This portable black steel chair is budget-friendly and offers good value for money.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B09D74PXJ6" columns="1"><bulletContentHeading name="B09D74PXJ6_head"><div type="image" title="Weather-Resistant" msid="87267001" hostid="261"></div></columnHeadThumb>B09D74PXJ6</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B09D74PXJ6_body"><bulletContentRow name="B09D74PXJ6_8246472279170234"><bulletContentRowHeading><bulletContentRowHead col="1">Woodware Celik Folding Chair with Stainless Steel Frame (Black-Set of 2)</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 2 stainless steel chairs is made up of industrial ABS polymer, which is known for its high-temperature tolerance, extreme durability and overall strength. These chairs can be folded without bending, which ultimately saves space and makes it easy to carry them around. The unique rotating backrest can even tilt as per your sitting position, which allows you to stretch your limbs without a worry! Further, the chairs are weather-resistant, maintenance-free and can easily shoulder up to 100 kg of weight.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B09D74PXJ6_5600710669625222"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This set of 2 stainless steel chairs is extremely durable, weather-resistant and maintenance-free.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07PZWW4ZF" columns="1"><bulletContentHeading name="B07PZWW4ZF_head"><div type="image" title="Sturdy Structure" msid="87267000" hostid="261"></div></columnHeadThumb>B07PZWW4ZF</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07PZWW4ZF_body"><bulletContentRow name="B07PZWW4ZF_8771986854833303"><bulletContentRowHeading><bulletContentRowHead col="1">GTB Classic Folding Chair in Black-BT-220</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This glossy black steel chair is highly resistant to wear and tear, which makes it appropriate for extensive outdoor use. Due to its foldable feature, the chair requires minimum space when stored away. So if you have a limited area, then this chair will be a clever and functional choice. Moreover, it has a load-bearing capacity of 150 kg and can be placed at the terrace, garden, office cubicle, among other such sites. The high-quality steel gives it a sturdy finish and it is economically priced as well.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07PZWW4ZF_4996169883092810"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This black steel chair is durable, sturdy and portable, making it appropriate for daily use.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

Best steel chair for living room in India

<keyword id="6357147" type="General" weightage="20" keywordseo="tata-steel" source="Orion">Tata Steel</keyword> on Tuesday announced the commissioning of a carbon capture unit at its plant in Jamshedpur. The unit can capture five tonnes of carbon per day, the company said. The company did not disclose the financial details of the project. "Tata Steel today (Tuesday) commissioned a five tonnes per day (TPD) carbon capture plant at its Jamshedpur Works, making it the country's first steel company to adopt such a carbon capture technology that extracts carbon dioxide (CO2) directly from the blast furnace gas," Tata Steel said in a statement. Tata Steel will reuse the captured CO2 on site to promote the circular carbon economy, it said. Explaining the process, the company said the carbon capture and utilisation (CCU) facility uses amine-based technology and makes the captured carbon available for onsite reuse. The depleted CO2 gas is sent back to the gas network with increased calorific value. The CCU plant was inaugurated by Tata Steel CEO and MD T V Narendran. Narendran said, "The operational experience gathered from the plant will give us the required data and confidence to establish larger carbon capture plants in future." He added that as the next step, the company aims to establish scaled up facilities of CO2 capture integrated with utilisation avenues. SEE ALSO <a href="https://www.businessinsider.in/business/news/zomato-co-founder-gaurav-gupta-exits-from-zomato/articleshow/86193568.cms" data-type="tilCustomLink">The sequence of events leading up to the exit of Gaurav Gupta from Zomato</a> <a href="https://www.businessinsider.in/business/startups/news/lenskart-vision-fund-will-invest-20-million-in-eye-technology-startups/articleshow/86188885.cms">Lenskart is setting aside $20 million for technologies like instant glasses, spectacles for the colourblind and other breakthrough ideas</a> <a href="https://www.businessinsider.in/education/news/an-indian-software-icon-says-dont-push-kids-need-not-learn-coding-early/articleshow/86190611.cms">An Indian software icon says kids need not learn coding early</a>

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