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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
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
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
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
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
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
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
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
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
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
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?
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
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
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
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.
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
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
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
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.