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Latest Articles in steel industry

Goyal Urges Steel Makers To Address Small Industries' Cost Concerns

The meeting was convened to address the issues raised by small industries and exporters about steel input prices.

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From Steel To Aluminium: The Brace For An Enormous Transition In EV's

Today, downstream Aluminium is working to make the best alloys and solutions available to meet the EV manufacturing requirements for both vehicles and associated charging infrastructure. It will increase its usage per vehicle and fulfill Global goals of using EVs made sustainably

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I-T Dept Detects Rs 300-Cr Black Income After Raids On Maha-Based Steel Rolling COs

The searches on the business groups, engaged in manufacturing steel TMT bars and billets mostly using steel scrap as raw material, were conducted on September 23 on 32 premises located in Jalna, Aurangabad, Mumbai, Pune and Kolkata.

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No Antidumping Duty On Flat Rolled Steel Products From 15 Countries

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.

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Govt Extends Antidumping Duty On Certain Steel Items Till Dec 15

The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) had recommended for the extension of the duty on these products.

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Earth Day: Steel Industry Needs To Adopt Eco-friendly Measures

This Earth Day, companies should vow to take all measures to ensure that there is no environmental degradation due to manufacturing processes across industries and to reduce their carbon footprint as much as possible.

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Steelmakers Write To PMO Defending Price Hike, Demand Iron Ore Export Ban

The ISA mentioned about the issues related to iron ore, price rise of raw materials, shortage in global steel supply and lower capacity utilisation due to COVID-induced disruptions.

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SAIL Posts Rs 436 Cr Net Profit In Q2

The company had posted Rs 285.92 crore net loss in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing.

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JSPL Q2 Loss Widens To Rs 706 Crore

Total income of the company on a consolidated basis in July-September increased to Rs 9,137.43 crore from Rs 7,688.62 crore a year ago.

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Defying Trade Tensions, Chinese Buyers Snap Up Indian Steel

Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.

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Thyssenkrupp Steel Unit Aims For Return To Profit In Fiscal Year 2021/22 - WAZ

Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021

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Steel Strips Wheels Bags Fresh Orders Worth About Rs 11.25 Crore

The company also secured orders worth USD 1,40,000 (around Rs 1.05 crore) along with maiden order for alloy wheels from the EU market.

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ArcelorMittal Flags Lower Profits, Hopes Lockdown Easings Herald Turnaround For Steel

First-quarter core profit this year came in at $967 million, beating an average forecast in a company poll of $867 million.

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Indian Steel Demand Expected To Drop 7.7% In 2020: Indian Steel Association

ISA had estimated in February that the steel demand in calendar year 2020 would grow by 5.1% to touch 106.7 million tonnes.

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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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