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.
The documents were handed over in pen drives to former Bhushan Steel chairman Brij Bhushan Singal, his son and former managing director.
NCLAT says agency’s move to seize properties without any jurisdiction undermines IBC.
India’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrupt company.
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.
Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors.
The capacity addition follows robust demand for Kamdhenu Structural Steel, its key infrastrucre steel product, in western UP and adjoining areas.
This was unanimously decided by the Supervisory Board of thyssenkrupp AG in an extraordinary meeting last Friday.
The Nagarnar plant was among a number of state-run companies the government had identified for strategic disinvestment.
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.
The company's plan was stated by Naveen Jindal, chairman, at JSPL's 40th AGM in Hisar on September 27, 2019.
JD(S)-Cong regime had cleared sale of land in Ballari district in May.
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.
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.
Flat rolled products, or FRPs, comprise foils, sheets and plates and are used in the automobile, aerospace, consumer durables sectors, among others.
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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