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Latest Articles in Steel

JSPL Commissions Fourth Coke Oven Battery At Angul Steel Plant

JSPL conceived and commissioned the world's first syngas-based direct reduced iron (DRI) plant at Angul.

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Asian Steel Companies To Start The New Decade On Negative Footing: Moody's

The industry outlook is negative, reflecting the likely weakening in profitability, five out of the eight rated steel producers carry stable or positive rating outlooks.

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JSW Steel Output Falls 13% To 12.54 LT In October

The company had produced 14.47 LT crude steel in October 2018, it said in a BSE filing.

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JSW Steel Reports Q2 PAT Of Rs 2,917 Crore But Revenue Falls On Weak Demand

In Q2 of the previous financial year, the net profit was Rs 2,251 crore on revenues of Rs 19,707 crore.

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Chairman Of SAIL Faces 'Murderous Assault' In New Delhi

"Steel Authority of India Limited is deeply shocked and anguished while sharing the news of murderous assault," the company said.

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Tata Steel Arm Cancels Definitive Agreements With HBIS Group To Divest Majority Stake In South-East Asia Business

Tata Steel will immediately begin engagement with other investors in continuation of its strategy to find a partner for the South-East Asian business.

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D K Mohanty Assumes Charge As RINL's Director (Commercial)

"Deb Kalyan Mohanty assumed charge as the new director (commercial) RINL-VSP on August 1, 2019. Prior to this assignment, he worked as executive director, chairman secretariat in SAIL," it said.

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ArcelorMittal Cuts Steel Demand View On Europe Slump

The Luxembourg-based company, which accounts for about 6% of the world's steel production, on Thursday said it now expected global apparent steel consumption, which includes inventory changes, to rise between 0.5% and 1.5% in 2019, from a previous forecast of 1%-1.5%.

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JSW Steel Consolidated Q1 Net Profit Falls To Rs.1028 Crore

Total Revenue (consolidated) of the company down by 3.45 per cent YoY to Rs. 19,812 crore compared with Rs. 20,519 crore in the same period 2018.

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ArcelorMittal South Africa To Cut More Than 2,000 Jobs, Shares Drop

Shares in the company, majority-owned by ArcelorMittal, dropped more than 10% after it said previous initiatives to reduce costs had proved insufficient and so it was contemplating a "large-scale" restructuring.

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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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