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Latest Articles in Metals and Mining

Mining Dependents From Goa Appeal To PM For Immediate Resumption of Mining Operations in Goa

Over 50,000 Mining dependents from Goa want PM Modi for immediate resumption of Mining in Goa. Apart from mining ban, COVID has also disrupted tourism in Goa.

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Tata Steel To Commission First Scrap-based Plant Soon

The plant having an annual capacity of 5 lakh tonnes is being set up in collaboration with Aarti Green Tech

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JSW Steel Q4 Net Profit Cracks By 86% To Rs 242 Crore

The Indian economy was severely impacted by the temporary closure of economic activities across the country after the announcement of the first phase of nationwide lockdown in the last week of March.

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Mining And Mineral Sector Hit Due To Covid-19 Led Slowdown: KPMG

This is due to lower mineral offtake on account of lack of demand from end-use sectors and also non-availability of labour.

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ArcelorMittal Sees Drop In Steel Shipments And Profits

Chief Executive Lakshmi Mittal said on Thursday the company's core markets had showed signs of improvement at the end of 2019, but activity and market conditions had since worsened.

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Indian Steel Demand Expected To Drop 7.7% In 2020: Indian Steel Association

ISA had estimated in February that the steel demand in calendar year 2020 would grow by 5.1% to touch 106.7 million tonnes.

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ArcelorMittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India.

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Coronavirus Outbreak: Coal Import Declines 14% To 17 MT In Feb

The country's coal imports in February last year stood at 19.82 MT, according to a provisional compilation by mjunction services

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Tata Steel Europe To Cut 1,250 Jobs In Turnaround Push

Besides the job cuts, which would be less than half of what the company had announced last year, Tata Steel said it will not replace employees who have retired or left the company.

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India Ranks As Second Largest Steel Producer Of Crude Steel: Pradhan

On the other hand, Japan ranks third globally with 104.3 million tonnes of crude steel production in 2018 and 99.3 million tonnes in 2019.

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Vedanta Implementing Acquisition Of Ferro Alloys Corporation

The acquisition will complement the company's existing steel business as the vertical integration of Ferro manufacturing capabilities has the potential to generate significant efficiencies.

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JSPL Reports Net Loss Of Rs 219 Cr In Q3 Of Current Fiscal

The earnings before interest, tax, depreciation, and amortization (EBITDA) were pegged at Rs 1,820 crore, down from Rs 2,077 crore in the year-ago period.

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ArcelorMittal Aims To Complete Essar Steel Acquisition By 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

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Jindal Steel & Power Targets Over Rs 10,000 Cr Cut In Net Debt In Two Years

Appreciating the government plan for investing Rs 100 lakh crore in infrastructure sector, he said, JSPL is delivering rails well before stipulated time.

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India's Steel Industry Wants 25% Duty Placed On Imports: JSW Steel Exececutive

"India's imports from FTA partners rose 77% (in the current fiscal)," said Seshagiri Rao, JSW's joint managing director and group chief financial officer.

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