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Latest Articles in Steel

Steelmaker Voestalpine Books Quarterly Loss, Sees Recovery In China

Global steel demand is expected to fall 6.4% this year due to the COVID-19 pandemic's impact on industrial and construction activity, before bouncing back next year, according to the World Steel Association.

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Nippon Steel May Hasten And Extend Restructuring Measures

The world's third-largest steelmaker posted a net loss of 42 billion yen ($397 million) for the April to June quarter against a profit of 33 billion yen a year earlier, as shipments fell 23% on slumping demand from automakers and other manufacturers.

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JSPL Clocks 29 Pc Hike In July Steel Sales To 6.37 Lakh Tonnes

JSIS Oman recorded 11 per cent increase in production to 1.37 lakh tonnes while sales volumes rose by 6 per cent to 1.25 lakh tonnes.

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JSPL Clocks Q1 PAT Of Rs 505 Cr, Up 125 % Y-O-Y

The profit before tax in Q1 FY21 was Rs 663 crore, up 93 per cent from Rs 344 crore in Q1 FY20.

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Steel Strips Wheels Bags Fresh Orders Worth About Rs 11.25 Crore

The company also secured orders worth USD 1,40,000 (around Rs 1.05 crore) along with maiden order for alloy wheels from the EU market.

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Moody's Confirms JSW Steel's Ba2 Ratings With Negative Outlook

India's economic growth will also remain materially lower than in the past with real GDP shrinking 3 per cent.

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Indian Steel Giant JSW Group Pledges To Cut Down $400 Million Import Bill From China To Zero In Two Years

Indian intercepts revealed that the Chinese side suffered 43 casualties including dead and seriously injured.

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JSPL To Sell Its Stake In Its Oman Subsidiary Jindal Shadeed

The divestment is in line with JSPL's vision and commitment to continuously bring down its debt and deleverage its balance sheet.

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Steel Strips Wheels Bags Exports Orders From EU, US Markets

SSWL's total capacity is 9 million wheels at Dappar, 6 million wheels at Oragadam and 1.6 million truck wheels at Jamshedpur.

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India Levies Charge On Some Steel Imports From China, Korea, Vietnam

India has taken steps to protect its domestic industry and push local manufacturing as Prime Minister Narendra Modi wants to make the nation self-reliant to bolster its sagging economy and create jobs.

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China Iron Ore Set For 7th Weekly Rise On Brisk Demand, But Rally Falters

The most-traded iron ore for September delivery on the Dalian Commodity Exchange ended the morning session up 0.1% at 767.50 yuan ($108.31) a tonne

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Japan Crude Steel Annual Output To Fall Below 80 Million T - Steel Federation

Japan's crude steel output for the year to March 2020 was 98.43 million tonnes, down 4.3% from a year earlier.

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Vardhman Special Steels Q4 Revenue Falls 15 % To Rs 206 Crore

Profit after tax in Q4 FY20 stood at Rs 3.57 crore as against a loss of Rs 15 lakh in Q4 FY19 due to a reduction in the price of graphite electrodes and a decline in interest costs.

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Dutch Tata Steel Employees Hold Further Strike Actions

The Dutch unions say Tata is planning to cut 1,000 of 9,000 jobs in the Netherlands as part of a wider restructuring of its British-based European operations.

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Tata Steel Workers At Dutch Plant Vote To Strike

About 2,000 union members had gathered in the nearby town of Beverwijk on Thursday to discuss strike action

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