Steel
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.
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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.
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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.
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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.
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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.
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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.
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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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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.”
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