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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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Output index of 8 core industries rises 5% in September

Output index of 8 core industries rises 5% in September

Tue, Nov 01, 2016

The output index of eight core industries has risen 5.0% in September on account of growth in steel production and an increase in refinery products production.

Tata Steel joins hand with Quebec government for its Canadian iron ore mines

Tata Steel joins hand with Quebec government for its Canadian iron ore mines

Fri, Oct 28, 2016

It said in release,"Tata Steel Minerals Canada together with parent have signed definitive agreement of C$ 125 million as equity and C$ 50 million as debt with Government of Quebec's investment entities namely - Resources Quebec (RQ) and Investment Quebec (IQ) respectively, totaling to C$ 175 million."

European steel mills to remain under pressure from imports: Tata Steel

European steel mills to remain under pressure from imports: Tata Steel

Tue, Sep 13, 2016

Hans Fischer, MD & CEO of Tata Steel in Europe, said, "Modest forecasted growth in European steel demand this year is still being undermined by increased imports which is leading to continued declines in domestic deliveries. That's why its vital we continue every effort to improve our competitiveness."

Rs 3 lakh crore owed to banks: Steel ministry working to revive the sector

Rs 3 lakh crore owed to banks: Steel ministry working to revive the sector

Mon, Aug 01, 2016

Steel sector in India owes Rs 3,00,000 crore to banks, Minister of Steel, Chaudhary Birendra Singh told the Lok Sabha on Monday.

Lakshmi Mittal's ArcelorMittal Q2 profits sharply up by $1.1 billion

Lakshmi Mittal's ArcelorMittal Q2 profits sharply up by $1.1 billion

Fri, Jul 29, 2016

Over the period, EBITDA -- a measure of operating profit -- stood at $1.8 billion, nearly double that of the previous quarter.

Dumping, predatory pricing to blame for downturn in industry: Steel Minister

Dumping, predatory pricing to blame for downturn in industry: Steel Minister

Mon, Jul 18, 2016

The government has taken various corrective steps to address the problems faced by the domestic steel sector and to provide level playing field to the domestic steel producers.

PSBs show decline; pharma, steel firms rise on advance tax front

PSBs show decline; pharma, steel firms rise on advance tax front

Wed, Jun 15, 2016

The impact of Non-Performing Asset (NPA) recognition has hit tax payments by state-run lenders in the financial capital, but the steel and pharma sector companies have posted handsome increase for the June quarter advance tax outgo.

Infrastructure output growth at 16-month high in March

Infrastructure output growth at 16-month high in March

Mon, May 02, 2016

Showing signs of stress in the economy, infrastructure output grew at its slowest pace in five years in the fiscal 2015-16 even as the growth rate rebounded to 16-month high of 6.4% in month of March on robust performance of refinery products and fertilisers.

Core sector expands by 6.4% in March, highest in 16 months

Core sector expands by 6.4% in March, highest in 16 months

Mon, May 02, 2016

As per the data released by the government, output in refinery products jumped 10.8% as against (-)1.5% recorded in March 2015.

Steel producers to urge China to cut output

Steel producers to urge China to cut output

Tue, Apr 19, 2016

Angry steel manufacturers in Europe have urged the EU to mirror the United States in punishing China with fresh tariffs, but the Brussels based bloc has so far proved reluctant to challenge Beijing more directly on the issue.

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