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Steel

Oct 17, 2019, 11.02 PM IST
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China to push global steel demand this year: World Steel Association

As per the new estimates of the World Steel Association, global steel demand will grow by 3.9% to 1.775 billion tonnes, compared to an earlier forecast of 1.3% or 1.735 billion tonnes in April.

SFIO hands over papers to Bhushan Steel ex-promoters

The documents were handed over in pen drives to former Bhushan Steel chairman Brij Bhushan Singal, his son and former managing director.

NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW Steel

NCLAT says agency’s move to seize properties without any jurisdiction undermines IBC.

ED's Bhushan Power & Steel move vindicates stand: JSW

India’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrupt company.

Tata Steel reports increase in production for Q2FY20

Production at Tata Steel India increased by 4.7% year on year at 4.50 million tonnes while it was flat compared to last quarter.

Better days ahead as govt sops to boost demand: JSW Steel

Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors.

Kamdhenu Ltd adds new production capacity of 60,000 tonne per annum in UP

The capacity addition follows robust demand for Kamdhenu Structural Steel, its key infrastrucre steel product, in western UP and adjoining areas.

Martina Merz takes charge as Thyssenkrupp CEO

​​This was unanimously decided by the Supervisory Board of thyssenkrupp AG in an extraordinary meeting last Friday.

Steel ministry wants to put off sale of NMDC's Chhattisgarh steel plant

The Nagarnar plant was among a number of state-run companies the government had identified for strategic disinvestment.

Reduction in raw material prices to help slowdown-hit steel cos: India Ratings

Domestic steel prices have followed the declining global prices with hot rolled coil prices falling 19% yoy in August 2019, a drop of 12% from March 2019, the report said.

JSPL to reduce debt by over Rs 10,000 crore

JSPL to reduce debt by over Rs 10,000 crore

The company's plan was stated by Naveen Jindal, chairman, at JSPL's 40th AGM in Hisar on September 27, 2019.

Karnataka: State won’t sell land to JSW Steel, for now

Karnataka: State won’t sell land to JSW Steel, for now

JD(S)-Cong regime had cleared sale of land in Ballari district in May.

Centre asks NINL shareholders to infuse working capital till divestment happens

Centre asks NINL shareholders to infuse working capital till divestment happens

The decision was taken last week by commerce and industry minister Piyush Goyal, minister for steel Dharmendra Pradhan, secretaries and senior officials of the Odisha government at a meeting chaired by Goyal.

Tata Steel launches investigation after worker death at UK plant

Tata Steel launches investigation after worker death at UK plant

An air ambulance as well as a hazardous area response team was rushed to the scene on Wednesday afternoon but the man succumbed to his injuries.

Vedanta plans Rs 2,500 crore plant for flat rolled products

Vedanta plans Rs 2,500 crore plant for flat rolled products

Flat rolled products, or FRPs, comprise foils, sheets and plates and are used in the automobile, aerospace, consumer durables sectors, among others.

JSW Steel for 25% duty on steel imports

JSW Steel for 25% duty on steel imports

JSW Steel Joint Managing Director and Group Chief Financial Officer Seshagiri Rao said this while speaking to reporters on the sidelines of an industry event.

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