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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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ArcelorMittal re-elects Lakshmi Mittal on board for next 3 years

ArcelorMittal re-elects Lakshmi Mittal on board for next 3 years

Wed, May 10, 2017

The term of four directors -- Mittal, Lewis Kaden, Bruno Lafont and Michel Wurth -- was due to expire this year.

Tata Steel completes sale of its Specialty Steels business

Tata Steel completes sale of its Specialty Steels business

Tue, May 02, 2017

Bimlendra Jha, CEO of Tata Steel UK said, “As a responsible owner, Tata Steel in the last couple of years has undertaken a transformation plan at Specialty Steels, including investing in a state-of-the-art vacuum induction melting furnance, to ensure business can have a sustainable future.”

Eight core industries in IIP saw a 5% growth in March

Eight core industries in IIP saw a 5% growth in March

Mon, May 01, 2017

The eight core industries comprise nearly 38% of the weight of items included in the IIP.

Index of Eight Core Industries in February rose at its slowest pace since December 2015

Index of Eight Core Industries in February rose at its slowest pace since December 2015

Fri, Mar 31, 2017

Ministry of Commerce & Industry in a statement on Friday said that India's Index of Eight Core Industries stood at 180.1 in February 2017 rising by 1% as against the same month of last year. The index grew 4.4% between April 2016 to February 2017, data show.

Steel exports surge 150% in Feb, overtake imports

Steel exports surge 150% in Feb, overtake imports

Sat, Mar 11, 2017

Imports of total finished steel in the first 11 months of the current fiscal declined by 38.5% to 6.591 mt over same period of last year.

Still in talks with Thysennkrupp, Tata Steel says

Still in talks with Thysennkrupp, Tata Steel says

Mon, Mar 06, 2017

Tata Steel on Monday said that it continues to be in talks with Thyssenkrupp.

Tata Steel looking at Myanmar, Bangladesh B2C markets

Tata Steel looking at Myanmar, Bangladesh B2C markets

Sat, Feb 18, 2017

"We have great success in developing brands and distribution network in B2C markets in India. Bangladesh and Myanmar are the two B2C markets which have similar profile as India. We are seeing opportunities there to build the brand and distribution network," said company`s MD (India and South East Asia) T.V. Narendran.

Tata Steel, Thyssenkrupp merger talks face extensive delays

Tata Steel, Thyssenkrupp merger talks face extensive delays

Sat, Feb 11, 2017

Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain`s top steelmaker, is seeking regulatory approval to spin off its 15 billion pound scheme into a standalone entity because Thyssenkrupp will not take on its pension liabilities in a tie-up.

Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings

Thu, Feb 09, 2017

India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.

Tata Steel seeks planning permission to build homes in Wales

Tata Steel seeks planning permission to build homes in Wales

Sat, Feb 04, 2017

According to a BBC report, Tata Steel does not intend to build the houses themselves but are considering selling off the land. It is expected the land's value would be worth more with approval for outline planning.

Rising raw material prices to eat into Q3 revenues of automobile companies

Rising raw material prices to eat into Q3 revenues of automobile companies

Thu, Jan 19, 2017

The rising cost of raw materials had put pressures on the balance sheets of automobile companies, as many chose to bear it themselves with demonetisation hitting sales.

Tata Steel in talks to cut its UK pension scheme benefits - Trustees

Tata Steel in talks to cut its UK pension scheme benefits - Trustees

Sat, Jan 14, 2017

Tata Steel, the UK`s largest steelmaker, is currently in talks to merge its European assets with Germany`s Thyssenkrupp but the success of those talks hinges on Tata being able to separate itself from its pension scheme.

India Inc's fourth quarter revenue growth to remain under pressure

India Inc's fourth quarter revenue growth to remain under pressure

Tue, Jan 10, 2017

Prasad Koparkar, Senior Director, CRISIL Research: “Despite a favourable monsoon and lower borrowing costs, we expect key consumption-driven sectors such as automobiles, telecom services and FMCG to record the slowest growth in two years."

Tata Steel to acquire Brahmani River Pellets for Rs 900 crore

Tata Steel to acquire Brahmani River Pellets for Rs 900 crore

Fri, Dec 23, 2016

It said, "The acquisition provides an upstream integration opportunity to Tata Steel to meet its metallic requirements and improving feed mix for its Kalinganagar steel plant and Jamshedpur steel plant."

Here's what happened at Tata Steel EGM that lasted six hours

Here's what happened at Tata Steel EGM that lasted six hours

Thu, Dec 22, 2016

Shareholders of Tata Steel have voted to remove Nusli Wadia from the board of the company after a marathon six-hour long extraordinary general meeting (EGM) that was held in Mumbai on December 21, 2016.

Tata Steel EGM: Investors boot Nusli Wadia out

Tata Steel EGM: Investors boot Nusli Wadia out

Thu, Dec 22, 2016

Tata Steel said, "Both institutional and retail voted in the similar pattern with significant majority well beyond the 3/4th majority mark in all categories."

Tata Steel reaches agreement with trade unions for closure of UK pension scheme

Tata Steel reaches agreement with trade unions for closure of UK pension scheme

Thu, Dec 08, 2016

Koushik Chatterjee, Group Executive Director Tata Steel and Executive Director for its European business said: “The delivery of Tata Steel UK’s transformation plan and generation of free cash flows will be the key enabler for the future sustainability of the business and we are very encouraged by the early signs of the delivery of the plan."

Steel imports decline by 39% during April-November: Steel Ministry

Steel imports decline by 39% during April-November: Steel Ministry

Tue, Dec 06, 2016

The data mentioned that the export of total finished steel during this period was up 53.3% to 4.23 mt vis-a-vis last year.

Tata Steel gains 2.5% as investors cheer pact with Liberty House

Tata Steel gains 2.5% as investors cheer pact with Liberty House

Tue, Nov 29, 2016

The company said, "“The letter of intent covers several South Yorkshire-based assets including the Rotherham electric arc, steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK and in Suzho and X’ian, China. Speciality Steel employs about 1,700 people making steels for the aerospace, automotive and the oil and gas industries.”

Govt slaps safeguard duty on certain steel imports

Govt slaps safeguard duty on certain steel imports

Thu, Nov 24, 2016

The effective duty rate would be calculated after deducting the value of the goods and the anti-dumping duty payable when the import price is below USD 504 per tonne, said a Revenue Department notification.

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