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Latest Articles in Steel

Tata Steel Workers Lose Faith In Thyssenkrupp Deal: Works Council

The works council said Chandrasekaran told them Tata hopes to gain their support during a consultation period, but they told him that might not be possible due to the seriousness of the workers' reservations.

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NCLAT Directs NCLT Ahmedabad To Take Call On ArcelorMittal’s Essar Steel Bid By March 8

The NCLAT directive came while hearing an application filed by ArcelorMittal whose ₹42,000-crore takeover proposal of Essar Steel has been approved by the CoC, and is pending before the NCLT for approval

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JSW Steel To Buy U.S. Based Acero Junction For USD 81 Million

JSW Steel entered into a stock purchase agreement on Wednesday with JSM International Ltd, Acero Junction Holdings Inc and Acero Junction Inc for the acquisition, the steelmaker said in a statement

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Steel Demand Pick-up Positive For Industry: ICRA

The rise in demand was aided by a buoyancy in the automobile sector and recovery in the construction and capital goods sectors

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Looking To Expand Further In India: Tata Steel

Tata Steel is committed to further growing its business in India and is hoping to work more closely with the government, a top official said today.

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Jindal Stainless Revenue Up 36% To Rs 2608 Cr In Q2FY18

The net profit of 27 crore for the quarter was however down by 34 per cent, compared to the first quarter of 2018 which stood at 41 crore

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Scandal-Hit Kobe Steel Seeks Loans, Shareholder Offers Support

Kobe Steel Ltd is seeking 50 billion yen ($440 million) in loans from banks, a banking source said on Monday, while a shareholder said it was ready to offer support as the company grapples with a scandal over falsified product specifications.

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Kobe Steel Crisis Deepens As More Data Tampering Revealed; Shares Tumble

Apan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.

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Tata Steel Sells UK Pipe Mills To Liberty House

Tata Steel said it had agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum

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Bhushan Steel Fourth-quarter Loss Bigger Than Stated Earlier

Bhushan Steel reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs

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Essar Steel Eyes 25% Market Share In Auto-Grade Steel Segment

Automotive high strength steel grades maintain the safety standards of vehicles, while improving fuel efficiency through lightweighting.

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Tata Steel Sells Stake In Tata Motors To Tata Sons For $586.3 Million

As of end-March, the steelmaker owned a 2.9 percent stake or about 83.64 million shares in Tata Motors, according to stock exchange data.

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Pennar Industries Wins Contracts Worth Rs 255 Crore

The orders include module mounting structures from Adani Power, Larsen & Toubro, Sterling & Wilson, Azure, Renew, Amplus and Asian Fabtech among others, Pennar Industries said in a statement.

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Arcelormittal Agrees On Concessions To Seal Delayed $897 Million JV With SAIL

ArcelorMittal, the world’s largest steel producer, on Wednesday said it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture

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