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Latest Articles in Steel

Steel Production Likely To Be Higher In 2017-18: Report

The country has gained the position of third largest crude steel producer in the world and is largely focusing on increasing production

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Tata Steel UK Agrees To Sell Speciality Steel Business To Liberty House

The speciality 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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Tata Steel Reports First Profit In Five Quarters

Tata Steel, which also has operations in Europe, said its UK subsidiary had reached an agreement with trade unions to progress towards closing a pension scheme

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Will 2017 Be Different For Steel And Power Companies?

Sutanu Guru takes a look at the many deals brewing in the Indian steel sector; taken together, JSPL, Essar Steel and Bhushan Steel account for much more than Rs 1 lakh crores in unpaid debt

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Tata Steel's UK Pensions Trustee Warns Deficit To Surge

Tata Steel has held talks to merge its European assets with Germany's Thyssenkrupp, but the success of those talks hinges on Tata being able to separate itself from its British pension scheme

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Japan Threatens India With WTO On Steel As Donald Trump Era Heralds Rising Trade Tensions

Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high

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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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