New Delhi: Sajjan Jindal-led JSW Steel on Wednesday reported its highest-ever monthly crude steel production at 13.48 lakh tonnes (LT) in May. This was 16 per cent higher than the crude steel output of 11.62 LT in May 2015, JSW Steel said in a filing to the BSE. “JSW Steel reports highest-ever monthly crude steel …
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Japan said it may ask the World Trade Organization (WTO) to help resolve a dispute related to India’s “safeguard” tariffs on the import of hot-rolled steel. India has extended its safeguard import taxes on some steel products until March 2018, in a bid to stop cheap overseas purchases from flooding its market and bolster the …
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Bidders for Tata Steel’s UK business have criticised the “confusing” sales process and lack of a clear timetable, as the group’s parent company seeks to finalise a shortlist of bidders for the troubled business. The Financial Times reported last week that Tata has warmed to the idea of keeping its British steel operations after being …
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MUMBAI: Lenders to Essar Steel BSE 0.41 %have asked the company to prepare a new debt repayment plan. Bank officials will meet later this month to examine the company’s proposal to repay loans of around Rs 40,000 crore. While two senior bankers said the need to come up with a fresh repayment plan was conveyed …
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India’s steel imports fell in May to their lowest level in at least 14 months, provisional government data showed, thanks to the country’s efforts to cut cheap overseas purchases. India, the world’s third-largest steel producer, imported 546,000 tonnes of finished steel last month, nearly 41 percent lower than the same month a year earlier, data …
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NAGPUR: The government has a vision to increase steel production to 300 million tonnes, Union Minister of State for Steel and Mines Vishnu Deo Sai said today. Sai was here to review the performance of public sector Manganese Ore India Limited(MOIL), where he interacted with top officials of the company. “India is now the fourth …
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NEW DELHI: India, the world’s third largest steel producer, was among the top 10 importers of the alloy last year, according to the latest data by the global industry body World Steel Association (WSA). India imported 13.3 million tonnes (MT) of the metal in 2015 and was just a notch up from China, which imported …
In a press conference, TV Narendran, MD of Tata Steel India, told CNBC-TV18 that the activity in the highway sector is boosting steel demand and there is a demand pick-up in transmission and railways as well. Tata Steel posted its fourth quarter net loss of Rs 3,279 crore, worse than Street estimates, although its business …
Steel demand getting a boost from highways: Tata Steel India Read More »