RINL shuts down two blast furnaces at Visakhapatnam plant
State-run steel maker RINL has shut down two blast furnaces at its Visakhapatnam plant, as a result of which the daily production level has come down to 6,000 tonnes, a source said.
Six personnel fall ill after inhaling toxic gas at SAIL's Bhilai Steel Plant
Six personnel fell ill after inhaling toxic gas at Steel Authori...
Domestic steelmakers rely on exports as local demand slumps
The likes of Tata Steel and Jindal Steel & Power are exporting 80-90% of their pr...
JSPL's crude steel output remains flat in Apr 2020
Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6.5 lakh tonne (LT) during April 2020.
ArcelorMittal Nippon Steel reports record output of 7.23 mt in FY20
In an official statement issued on Thursday the company said it attained record production volumes in FY 2019-20 despite challenging economic conditions, including the fallout of COVID-19 in the fourth quarter of the fiscal year. Pellet production reached 11.63 million tonne during FY 2019-20, up 9.4% from 10.63 million tonne in the previous fiscal.
Preparing to recommence production after the end of lockdown: JSW Steel
"We are still scaling down our operations, closing some mills and steel melting shops, while maintaining a minimum temperature," a SAIL spokesperson said.
JSW Steel prepares to restart full-scale production after lockdown ends on April 14th
This comes after the company announced to stock exchanges on 25th of March about scaling down and suspending production in all it’s units. Metals are considered a process industry and exempted from complete shutdown. However all the production units are running with lower capacities and lesser numbers of staff.
Tata Steel cuts down production across all major operations in Inda and Europe
The company also said in view of the restrictions in the despatch of finished goods and poor market conditions due to the shutdown of customer operations in automotive, construction and other segments, shipments to customers have been curtailed. "All payments to MSME vendors and contract workers are being done on due dates," the statement added.
Covid-19 pandemic affecting business in India, Europe: Tata Steel
In India, where a 21-day nationwide lockdown has been announced to combat the spread of the virus, the company said its mining operations are running normally "but the integrated steel facilities in Jamshedpur, Kalinganagar Angul and Gamahria have started reducing production levels and operations in the downstream facilities have been suspended.
Series of commissioning activities inaugurated at Vizag Steel Plant
The COB-5 was constructed along with the existing batteries at a cost of Rs 2,500 crore with a production capacity of 8.40 lakh tons of blast furnace grade coke per year.
Steel demand headed for a slump; prices, margins to fall
Domestic steel demand is likely to see a sharp dive in the first quarter of the coming fiscal due to stalled factories and production cutbacks across major user industries like auto and construction, Icra said.
Demand for metals melts away forcing a rethink on smelting
JSW Steel, one of the country’s largest private steel companies, has decided to scale down or suspend production at its units in the wake of the global pandemic.
JSW Steel shares decline on steel output concerns
The company on Monday posted a 7 per cent fall in November 2019 crude steel output at 12.90 lakh tonne (LT).
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.
Rourkela Steel Plant registers record production in February
The Rourkela Steel Plant (RSP) registered the highest February production of hot metal from two of its blast furnaces, officials said on Sunday.
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