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Steel

Govt sanctions 3 pilot projects for using hydrogen in steelmaking

Govt sanctions 3 pilot projects for using hydrogen in steelmaking

Mon, Oct 21, 2024

The Ministry of New and Renewable Energy said in the statement that the government will provide Rs 347 crore for the pilot projects, which are likely to be commissioned in the next three years.

Jindal Stainless net profit falls 20% to Rs 609.42 crore in July-September

Jindal Stainless net profit falls 20% to Rs 609.42 crore in July-September

Thu, Oct 17, 2024

Jindal Stainless Ltd (JSL) on Thursday reported a 20 per cent fall in consolidated net profit at Rs 609.42 crore during the quarter ended September 2024 due to increased input costs. It had posted a net profit of Rs 764.03 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.

Why did the shine of metals increase?

Why did the shine of metals increase?

Fri, Aug 16, 2024

Metals are back on the rise again, 1.5-2.5% rise in all base metals, chances of first weekly strength in Copper after 6 weeks, Zinc and Aluminum on LME at 1 month high, why did the shine of metals increase? Know complete details.

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EU, U.S. end steel, aluminium clash, take aim at China's ''dirty'' steel

EU, U.S. end steel, aluminium clash, take aim at China's ''dirty'' steel

Sun, Oct 31, 2021

"The United States and the European Union have reached a major breakthrough that will address the existential threat of climate change while also protecting American jobs and American industry," U.S. President Joe Biden said

Uttam Galva Steels posts Rs 90 cr net loss in Jul-Sep quarter

Uttam Galva Steels posts Rs 90 cr net loss in Jul-Sep quarter

Sat, Oct 30, 2021

Uttam Galva Steels Limited posted a consolidated net loss of Rs 90.17 crore during the second quarter ended September 30, 2021.

JSW Steel plans to levy surcharge steel products as input cost mounts

JSW Steel plans to levy surcharge steel products as input cost mounts

Sun, Oct 24, 2021

There is a huge pressure on the cost of production. Cost of per tonne steel production went up by 19 per cent or Rs 6,600 per tonne quarter-on-quarter in July-September 2021, Seshagiri Rao, Joint Managing Director and Group CFO, JSW Steel, said

Know about integrated steel making company SAIL

Know about integrated steel making company SAIL

Tue, Aug 31, 2021

Know the ways to make profit in this show .

Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition

Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition

Sat, Nov 16, 2019

Delivering a big verdict, the Supreme Court has allowed ArcelorMittal to make payment for Essar Steel India, paving the way for acquisition of the bankrupt steel maker by the Luxembourg-headquartered entity.

Exclusive interview with Union Minister for Steel, Chaudhary Birender Singh

Exclusive interview with Union Minister for Steel, Chaudhary Birender Singh

Wed, Jan 23, 2019

Here is an exclusive conversation with Union Minister for steel Chaudhary Birender Singh. Listen in to what he has to say.

India seeks waiver from US steel and aluminium tariffs

India seeks waiver from US steel and aluminium tariffs

Wed, Mar 28, 2018

The United States accounts for 2 percent of India`s steel exports but the move comes at a time when long-festering trade differences between the two countries are already aggravated, triggered by tariffs that India has imposed on dozens of products in recent months as part of steps to boost the domestic industry.

India doesn't expect immediate hit to steel exports after U.S. import curbs - govt official

India doesn't expect immediate hit to steel exports after U.S. import curbs - govt official

Fri, Mar 02, 2018

Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada.

US Commerce Department proposes hefty import curbs on steel, aluminum

US Commerce Department proposes hefty import curbs on steel, aluminum

Sat, Feb 17, 2018

China`s Commerce Ministry urged the United States to exercise restraint in using trade protection tools

Core sector growth slows to 4% in Dec

Core sector growth slows to 4% in Dec

Wed, Jan 31, 2018

Output growth recorded in December is the lowest since July 2017, when these core sectors had witnessed a 2.9% expansion

Eight core sectors grow 6.8% in November: Commerce Ministry

Eight core sectors grow 6.8% in November: Commerce Ministry

Mon, Jan 01, 2018

The data said the eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Fri, Oct 20, 2017

The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary.

Eight core industries IIP rises 2.4% in July

Eight core industries IIP rises 2.4% in July

Thu, Aug 31, 2017

The IIP output of the eight core industries grew by 2.4% in July led by steel which posted the maxium growth of 9.2% during the month.

ArcelorMittal says French pollution allegations are groundless

ArcelorMittal says French pollution allegations are groundless

Wed, Jul 26, 2017

The world`s largest steelmaker, ArcelorMittal , said on Tuesday that its internal investigation had found allegations of illicit dumping of acid waste from a French plant were groundless.

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

Wed, Jun 14, 2017

The committee narrowed the list to 12 by focusing on accounts owing more than 50 billion rupees ($777.2 million), where 60 percent or more of the loan had been already classified as non-performing by banks as of March 31, 2016.

Top five sectors with most exposure to banks NPAs; What can be done?

Top five sectors with most exposure to banks NPAs; What can be done?

Tue, Jun 13, 2017

Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.

India takes US to WTO for failing to drop steel duties

India takes US to WTO for failing to drop steel duties

Fri, Jun 09, 2017

India said the United States had failed to meet an April, 2016 deadline to comply with a WTO ruling that faulted it for imposing countervailing duties on steel products from India.

Rupee, Credit profile of steel, infrastructure & telecom to impact India Inc in FY18

Thu, Jun 01, 2017

Due to their low in ability of refinancing credit, sectors like telecom, steel and infrastructure will remain under-pressure even in FY18. Rupee appreciation will be another factor that will haunt steel and infrastructure sector.

Anti Dumping Duty to be imposed on steel import

Anti Dumping Duty to be imposed on steel import

Tue, May 16, 2017

Anti Dumping Duty to be imposed on steel import. Watch the full segment for more details.

Steel sector is likely to remain negative in FY18; demand growth to remain muted at 4-5%: India Ratings

Steel sector is likely to remain negative in FY18; demand growth to remain muted at 4-5%: India Ratings

Sun, May 14, 2017

The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report.

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