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Latest Articles in Steel

UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme

The steelmaker is under pressure to end its obligations to the 15 billion pound ($18.4 billion) scheme as it is in merger talks with Germany's Thyssenkrupp, which is not prepared to take on Tata's UK pension obligations

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Thyssenkrupp Labour Chief Demands Better Deal Than Port Talbot

Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity

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Steel Ministry Seeks Lower Import Taxes On Key Raw Materials

The finance ministry could even scrap the current 5 percent import duty on nickel, largely used in stainless steel production, says Aruna Sharma, the top civil servant at the steel ministry

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Independent Director Nusli Wadia Removed From Tata Steel Board

Tata Steel on Thursday said its independent director Nusli Wadia has been removed from the company's board, with 90.8 per cent of shareholders present at Wednesday's EGM voting in favour of his ouster

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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity

An industry source close to Thyssenkrupp's board said the German group expected the struggling plant to be downsized in the event of a merger, without specifying by how much

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Tata Steel To Enter Talks With Liberty House On Sale Of Unit

The speciality steel division is one of the world's biggest suppliers for the aerospace industry, with customers including Rolls-Royce, Boeing and Airbus

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ArcelorMittal Says New EU Plans For CO2 Permits Pose Business Threat

Under the new system, steel makers would receive a sharply reduced number of permits from 2021 to 2030, forcing them to purchase the required licences

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Essar's Flat Steel Production Up 58 Per Cent In Q2 FY17

Pellet production grew 89 per cent to 2.43 MT compared to 1.28 MT in the same quarter last year, the leading steel producer said in statement

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Jindal Steel Defaults On Debenture Interest Payments

Headed by Naveen Jindal, Jindal Steel and Power is one of the most heavily-indebted Indian firms with a net debt of about 460 billion rupees at end-March

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ArcelorMittal JV To Start Production In Two Years

SAIL and ArcelorMittal signed a preliminary agreement in May last year to expand in what is one of the world's fastest growing steel markets and a major car exporter

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US Moves Towards Imposing Duties On Certain Indian Steel Pipe

The duties will become final if the International Trade Commission determines the US industry was being harmed

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Tata Steel To Pay Rs 130 Crore As Annual Bonus To Employees

The minimum and maximum annual bonus payable for 2015-16 would be Rs 16,800 and Rs 12,1365 respectively

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India To Levy Duty On Cold-Rolled Steel Products

The Directorate General of Anti Dumping recommended a tax of up to $594 a tonne on steel products from China, Japan, South Korea and Ukraine

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Steel Industry Owes Rs 3,00,000 Crore To Banks

The government says the Indian steel industry is passing through a severe downturn, due to global overcapacity

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Buyout Group Excalibur Says Still Keen To Buy Tata's UK Steel Business

The Excalibur Board has 'concluded it will continue the development of a series of opportunities that help meet its plans to acquire the Tata Steel UK business'

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