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Steel

India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

Sun, Nov 26, 2023

India's crude steel production is expected to be at 210 MT by 2030, 45 per cent higher than production levels of 2023. Many countries, including China, will show a fall in steel production as compared to their current production levels, the report said.

Tube Investments of India to set up greenfield precision steel tube unit

Tube Investments of India to set up greenfield precision steel tube unit

Tue, Oct 31, 2023

The greenfield facility is proposed to be established to manufacture multiple ranges of products, the company added.

JTL Industries logs highest-ever quarterly sales volume at 81,686 MT in second quarter

JTL Industries logs highest-ever quarterly sales volume at 81,686 MT in second quarter

Tue, Oct 03, 2023

The growth was driven by steady demand for structural steel tubes and pipes in both domestic and international markets, JTL Industries said in a BSE filing.

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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.

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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