Steel-Asia: Earnings Growth on Steady Asian Demand Drives Stable Outlook
ArcelorMittal has submitted a fresh bid revising its offer to Rs 42,000 crore for the bankrupt Essar Steel.
Appellate tribunal upheld Numetal's second bid as valid and said ArcelorMittal (AM) will be eligible to bid under Sec 29A of Insolvency and Bankruptcy Code only if it pays the dues
ArcelorMittal committed to shedding certain European assets in Italy, Romania, Macedonia and the Czech Republic to get approval from the European Commission's antitrust authorities for the Ilva takeover.
Indian aluminium production climbed 19% in Q1 of FY19 while consumption rose 11%. Yet share of imports in aluminium consumption has been increasing continuously.
As per India’s Q1 FY19 steel import data, redirection of impacted steel volumes from countries like Japan and South-Korea, with whom India has Free Trade Agreements (FTA), is clearly visible as was expected by ICRA earlier.
Galvanisation, or covering of metal with zinc, makes it less prone to corrosion, which in turn makes structures safer.
Swachh Iconic Places is a special clean-up initiative focused on 100 select iconic heritage, spiritual places in the country under the multi-stakeholder approach model.
He also held the post of Director General (Supplies & Disposals), where he developed the Government e-Marketplace (GeM) as a one-stop online public procurement platform.
The domestic market for stainless steel, pegged at 2.4 million tonnes (mt), has been growing at 9-10% over the last few years.
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