The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 09 August, 2020, 01:56 AM IST | E-Paper
Search
+

    Steel

    Kamdhenu Limited resumes around 80% of its production capacity

    These manufacturing plants are situated across the country including Odisha, Gujarat, Karnataka, Telangana Andhra Pradesh, Bihar, Goa, J&K, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, West Bengal, Jharkhand, MP, the north eastern region and other states.

    Steelmakers hike prices by Rs 2,000 per tonne as demand improves

    This is the second hike in less than a month after companies raised the metal price by about Rs 745 per tonne in July.

    India's secondary steelmakers are facing troubles in procurement of iron ore

    Due to the supply shortage, iron ore prices have shot up around 35% since April. This is because of low production and no dispatch by the miners, an executive at another company said.

    Steel Authority of India clocks best-ever sales performance in July

    The company's steel sales grew by about 50% a significant jump over July’19 sales of 10.59 lakh tonne, an official statement said. SAIL sold 12.73 lakh tonne in the domestic market while it exported 3.10 lakh tonne of steel during July’20, attaining a growth of 29% and 349% respectively over same period last year.

    Auto component maker Steel Strips Wheels bags new orders worth over $1 mn from US

    "This is the largest order from one customer and encompasses most of the development we have done for the US market," the company said.

    JSPL reports 25% rise in July steel sales, production up by 13% to 6,03,000 tonnes

    The company’s standalone steel sales rose by 29% in July 2020 to 6,37,000 tonnes as compared to standalone sales of 4,93,000 tonnes in the previous year during the same period.

    Indian steel market showing signs of recovery after COVID-19 pandemic: Aditya Mittal

    "We are seeing the domestic market recover and that's a reason why our operations are running at full capacity," he told on a query pertaining to the domestic demand. In December 2019, global steel giant ArcelorMittal announced acquisition of debt-laden Essar Steel and forming a joint venture AM/NS India with Japan-based Nippon Steel.

    mjunction sets up Support Groups to ensure employee engagement in lockdown

    mjunction, which is country's largest B2B e-commerce company, also stayed on course with its recruitment plans despite the nation-wide lockdown in March-April which led to most economic activities coming to a virtual standstill.

    Tata Steel aims at multi-year transformation to become a leader in digital steel-making

    Improved IT infrastructure and a disciplined approach to data capturing have led to higher generation, and secured transmission and storage of data, the company said. In FY 2019-20, data generation increased to 20 TB/month with volumes growing 2.5 times over the previous year.

    Covid-19 impact: AMNS India's production drops by 30%, earnings decline by 23%  in Q2 2020

    AMNS India’s operations were impacted by the COVID-19 pandemic during 2Q 2020 (April-June) as lock down measures were lifted the assets are currently running at higher utilization levels then the low levels during the peak impacts during 2Q 2020, the company said in a statement on Thursday.

    Jindal Stainless ties up with Maersk for logistics upgrade

    Jindal Stainless ties up with Maersk for logistics upgrade

    As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.

    India's steel consumption to fall in FY21, first decline since financial crisis: Moody's

    India's steel consumption to fall in FY21, first decline since financial crisis: Moody's

    “We assume that economic activity has begun to gradually pick up from July. However, given the possibility for second or third waves of virus infections or deeper economic costs than currently factored in, downside risk to these forecasts are significant,” said a Moody’s report.

    Tata Steel to commission first scrap-based plant in Haryana's Rohtak soon

    Tata Steel to commission first scrap-based plant in Haryana's Rohtak soon

    "The first state-of-the-art scrap processing plant of 0.5 million tonne per annum capacity, which is being set-up in Rohtak, Haryana, is scheduled to be commissioned soon," it said. The facility would be equipped with scrap processing equipment such as shredder, baler, material handler etc.

    India's crude steel production at 6.8 million tonnes in June, says Steel Ministry

    India's crude steel production at 6.8 million tonnes in June, says Steel Ministry

    The ministry further said the production of finished steel in June 2020 at 5.9 MT, was up 15.6 per cent compared to 5.1 MT in May 2020. However, on year-on-year basis, the output of finished steel in June 2020 was lower by 33.3 per cent.

    JSW Steel plans to increase capacity of crude steel to 27 million tonnes by FY-2022

    JSW Steel plans to increase capacity of crude steel to 27 million tonnes by FY-2022

    JSW Steel will focus on normalising operations and reducing costs this year so that its earnings before interest, tax, depreciation and amortisation (Ebitda) will improve.

    ArcelorMittal challenges Gujarat Government, Essar Group over Hazira port licence

    ArcelorMittal challenges Gujarat Government, Essar Group over Hazira port licence

    Essar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.

    Load More...
    The Economic Times
    BACK TO TOP