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Latest Articles in Steel

SAIL Achieves Best Ever Annual Sales In FY20 With 2.8 % Growth

SAIL has also recorded the highest ever rail production of 12.85 lakh tonnes of UTS 90 prime rails in FY20 with a 30 per cent growth.

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Tata Steel India Production Up 6 % In Q4 At 4.74 Million Tonnes

Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum.

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Indian Steel Demand Expected To Drop 7.7% In 2020: Industry Body

Steel demand in India is set to contract 7.7% in 2020 with "significant downside risks", the Indian Steel Association (ISA), which represents some of the top steel producers

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PM Modi Appreciates SAIL's Efforts To Popularise Aarogya Setu App

India's count of COVID-19 cases has risen to 12,380, said the Union Ministry of Health and Family Welfare on Thursday.

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Moody's Reviews Tata Steel's Ba2 CFR, Downgrades Tata Steel UK To B3

Moody's has downgraded Tata Steel's wholly-owned subsidiary Tata Steel UK Holdings Ltd's (TSUKH) CFR to B3 from B2 and placed the CFR under review for further downgrade.

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China March Iron Ore Imports Dip, Sees Firm Demand On Economic Restorations

The world's biggest steel producer brought in 262.7 million tonnes of iron ore, according to the official customs data, rising 1.3% from 259.3 million tonnes in the same period a year earlier.

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China Steel Body Says EU Anti-Dumping Duties On Stainless Steel Are 'Over-Protection'

The European Commission has imposed provisional anti-dumping duties on hot rolled stainless steel sheets and coils originating in China, Indonesia and Taiwan.

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JFE To Cut 13% Steel Capacity By March 2024, Predicts Record Loss

The company forecast an impairment loss of about 220 billion yen ($2 billion) on its production facilities in Chiba and Kawasaki, near Tokyo, in the current business year ending this month

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SAIL Facing Order Cancellations, Re-Scheduling Due To Lockdown

The country's largest state-owned steel company faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.

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

India's Supreme Court cleared the path for ArcelorMittal to take over bankrupt Essar Steel, following a legal tussle that had dragged through multiple courts for over two years

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Moody's Changes Outlook On JSW Steel's Ratings To Stable From Positive, Affirms Ba2 Ratings

Steel consumption growth slowed to about 3.5 per cent for the nine months ended December 2019 from 7.5 per cent growth for the fiscal year ending March 2019.

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Jindal Stainless Successfully Exits Corporate Debt Restructuring

The company has seen an improvement in net debt-equity ratio which stood at 1.3 as on December 31, 2019 as compared to 3.2 as in March 2017.

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Fitch Revises Outlook On JSW Steel To Negative From Stable

The EBITDA decline was mainly driven by weaker steel prices and margins, as EBITDA per tonne fell to around Rs 7,500 (9M FY19: Rs 12,300).

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British Metals Tycoon Gupta Buys Bankrupt Steel Plant In India

The steel group has operations in 10 countries and 30,000 employees, not including the new Indian operations.

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Steel Becomes New Problem Child As Thyssenkrupp Posts Profit Drop

The company's net debt stood at 7.14 billion euros, nearly doubling quarter on quarter reflecting adjusted accounting of lease liabilities under the IFRS accounting standard.

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