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.
Tue, Oct 31, 2023
The greenfield facility is proposed to be established to manufacture multiple ranges of products, the company added.
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.
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.
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.
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."
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."
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 said, "Both institutional and retail voted in the similar pattern with significant majority well beyond the 3/4th majority mark in all categories."
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."
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.
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.”
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.
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.
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."
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."
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.
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.
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.
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.
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.
As per the data released by the government, output in refinery products jumped 10.8% as against (-)1.5% recorded in March 2015.
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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