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Latest Articles in steel

SAIL Stock Jumps 8% After December Sales Grow By 47%

"Despite challenging market conditions, SAIL has exhibited resilient performance consistently and will continue to do so in future also," said Chairman Anil Kumar Chaudhary.

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Core sector output declines by 1.5 pc in Nov against 3.3 pc growth in year-ago month

The core sector for October had contracted to 5.8 per cent from the 5.1 per cent contraction seen in September.

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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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Steel Consumption In India Set For Quantum Jump: Pradhan

The steel sector is becoming more efficient, environment-friendly and globally competitive supported by various government policies.

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Fitch Solutions Lowers 2019 Global Steel Price Forecast

In the long term, Fitch Solutions maintains its view that prices will ease and embark on a multi-year declining track.

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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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India Considers Raising Import Duty On Steel To Support Rupee

In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.1 million tonnes, up 15 percent from a year earlier, as per official data

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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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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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Adani Agrees $54 Million Steel Supply Agreement With Arrium

Adani Enterprises has agreed a A$73 million ($54 million) steel supply agreement with Australia's Arrium to be used in a rail line for the proposed Carmichael coal mine

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Cabinet Clears National Steel Policy, Makes Local Steel Mandatory In Govt Infrastructure Projects

The Union Cabinet on Wednesday approved a proposal to make the use of local steel mandatory for government's infrastructure projects, Finance Minister Arun Jaitley said, aimed at boosting the sales of local companies

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India May Make Local Steel Mandatory In Government Infrastructure Projects

The Union Cabinet may clear a proposal on Wednesday to make usage of local steel mandatory for government’s infrastructure projects

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India's Steel Industry Out Of Stress, Exports Up By 56%: Govt

India's steel industry has come out of the stress, with the exports going up by 57 per cent and imports declining by 34 per cent, the government told the Rajya Sabha on Wednesday

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