BHP Billiton Ltd., the world’s biggest exporter of coking coal, sees long-term demand growth for steel-making ingredients supported by rising output in emerging economies led by India. The company lifted its coking coal production guidance for fiscal 2016 by 7.5 percent, forecasting rising steel output in India and continued growth from China into the next …
BHP Says India Steel Growth to Boost Coking Coal Outlook Read More »
EssarSteel (ESIL) has introduced bullet proof steel and become the first dedicated Indian company with this specialised steel. Used for bullet proofing of civilian vehicles and that of security personnel, such steel has either been manufactured under restrictive technology transfer agreements with foreign countries, or simply imported into India. There is a good and growing …
Essar Steel: First Indian company to develop bullet proof steel Read More »
KOLKATA, JUNE 18: Uncertainty of steel prices notwithstanding, Tata Steel aims to ramp up production at the Kalinganagar unit in Odisha “quickly”, the company’s MD, TV Narendran said. The company has already commissioned the first phase of the Kalinganagar unit having an annual capacity of 3 million tonne. (Another 3 million tonne will be added …
Tata Steel to ramp up production at Kalinganagar Read More »
NEW DELHI: A sustained government spending on infrastructure like roads, railways, power and housing will propel India into the league of top global steel consuming nations in the next 10 years, a top official of domestic steel giant SAIL has said. “If you look at the massive infrastructure push by the government, even going by …
India to equal world per capita steel consumption in 10 years: SAIL Chairman Read More »
MUMBAI, JUNE 16: It isn’t often that one sees the fortunes –– and the reputational record –– of a 100-plus-year-old company turn on a dime. That prospect seems less likely when the company hails from one of India’s most respected corporate groups, given to conservatism in the conduct of its businesses. But by any yardstick, …
Tata Steel Softened by debts from overseas overreach Read More »
New Delhi: Indian steel companies will export rails worth USD 150 million to Iran in July as part of a pact between the two countries for developing railway and other infrastructure at strategically important Chabahar port. “The maiden consignment of rail from India worth USD 150 million would be sent to Iran in July,” a …
India to Export USD 150 Million Rails For Chabahar Port in July Read More »
KOLKATA: Prime Minister Narendra Modi’s ‘Make in India’ programme, which has earmarked $87 billion worth of investment in new infrastructure and manufacturing projects over the next five years, will benefit the country’s steel and mining companies, a research report says. The initiative is likely to translate into meaningful steel demand after a gap of around …
‘Make in India’ infrastructure push to drive steel demand: Platts Read More »
NEW DELHI: Even as analysts are upbeat over the expected above normal monsoon and higher GDP growth, they have raised concerns over the slow pace of public and private sector projects and funding constraints, which they feel can have an adverse impact on the steel demand in India. According to global ratings agency Fitch, the …
India’s steel demand indicators giving mixed signals: Analysts Read More »