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India's May steel exports drop to lowest in 3 yrs

India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016, the data showed.

India's crude steel output grows 5 per cent in May: World Steel Association Report

Global crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.744 MT in May 2019, a rise of 5.4 per cent, compared to 154.460 MT in May 2018, it said.

Tata Steel to seek shareholders' nod to reappoint T V Narendran as CEO & MD

The company's next Annual General Meeting is scheduled for July 19, 2019 in Mumbai.

ISSDA seeks custom duty relief on raw materials imports

ISSDA has said in a submission to the government that ferro-nickel and stainless steel scrap attract an import duty of 2.5% each and are unavailable in the country and hence need to be necessarily imported.

India steel ministry seeks higher duties to deter Chinese imports: Document

Over 50% of India's imports of wire rods and bars - both long steel products used in construction - came from China last year, government data showed.

IBC resolves cases of 94 companies with liabilities of Rs 1.7 lakh crore

However, the matrix of debt resolved/ inching towards resolution in steel space is skewed towards large firms with 84% of the Rs 1.9 lakh crore of liability being held by 3 integrated steel players.

Steelmakers seek 25% safeguard duty on imports

The ISA has argued that as a consequence of duties imposed by the USA, and consequently by the EU, Turkey and Canada, steel exports from some Asian countries are being diverted to India.

Premal Desai to be the new chairman of the company’s Executive Board: Thyssenkrupp Steel Europe

Elevation of Desai will follow the resignation of Andreas Goss.

Pellet manufacturers object to iron ore miners demand for removal of 30 % export duty on less than 62 Fe ore

FIMI said in its letter that the duty was responsible for a pile-up of 151 mt of stocks of iron ore fines at mine heads over the years.

Neelachal Ispat to launch TMT bars soon

The MMTC and Odisha government-promoted steel public sector undertaking is the country’s largest producer of pig iron.

Tata Steel, ThyssenKrupp merger would have spiked steel prices: EU

Tata Steel, ThyssenKrupp merger would have spiked steel prices: EU

Both companies are significant producers of metallic coated and laminated steel for packaging applications and of galvanised flat carbon steel for the automotive industry.

After Uttam Galva, UK’s Nithia Capital keen to bid for Visa Steel

After Uttam Galva, UK’s Nithia Capital keen to bid for Visa Steel

Recently, Bank of Baroda put its exposure of Rs 150 crore to the asset on the block as its insolvency resolution keeps getting delayed.

Govt to take steps to contain imports of defective/sub-standard steel

Govt to take steps to contain imports of defective/sub-standard steel

According to industry experts, sub-standard steel impacts the quality of goods and hurt domestic manufacturers.

Land sale to JSW Steel: CM HD Kumaraswamy wants subject placed before Cabinet again

Land sale to JSW Steel: CM HD Kumaraswamy wants subject placed before Cabinet again

The Cabinet had, last week, decided to execute absolute sale deed in favour of the JSW Steel on grounds that the firm has fulfilled all commitments.

Labour ministry extends public utility service status to iron and steel industry

Labour ministry extends public utility service status to iron and steel industry

The government had earlier granted extension to the iron and steel industry for a period of six months, starting from December 20, 2018.

Row over sale of land to JSW Steel: Industry body warns Karnataka of sending wrong signals

Row over sale of land to JSW Steel: Industry body warns Karnataka of sending wrong signals

The BJP is holding a dharna in protest of the decision.

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