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Latest Articles in Metals and Mining

Government Mulls making Scrap Recycling an Organized Sector

Institution of BIS quality standards and SOPs to help reduce dependence on sub-standard scrap imports

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Only One Bid Received Out Of Four Coal Mines Put Up For 2nd Attempt Of Auction: Coal Minister

The Minister said as per the provisions, in case there is only one technically qualified bidder, such bidder shall be the qualified bidder.

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Aluminium Industry Seeks 5% RoDTEP Rate To Boost Exports

The situation for exporters further aggravates with withdrawal of MEIS. and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims.

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ArcelorMittal Announces $1 bn Fixed Cost-reduction Programme; To Cut 20% Staff

In an update for the October-December quarter of 2020 and full year 2020, ArcelorMittal said the USD 1 billion structural fixed cost-reduction plan aims to maintain competitiveness in the post COVID-19 environment.

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JSW Steel Output Grows 7% In Oct

The output of flat-rolled products was 6 per cent up month-on-month as against 9.20 LT in September.

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Coal Scam: CBI Seeks Life Imprisonment For Ex-minister Dilip Ray

Special Judge Bharat Parashar reserved the order for October 26 after hearing arguments from the CBI as well the convicts.

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India's April-August Steel Consumption Lowest In Six Years

Steel consumption, in the first five months of the fiscal year, was at 27.4 million tonnes, a 35% fall over last year, data showed.

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SAIL Reports Over Rs 1,226 Cr Net Loss In Q1

During the quarter under review, the company said its total income declined to Rs 9,346.21 crore from Rs 14,998.20 crore in the April-June period of the preceding fiscal.

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Jindal Stainless Posts Rs 86.5 Cr Net Loss In Q1

The company had reported a net profit of Rs 66.83 crore during the same quarter a year ago, JSL said in a BSE filing.

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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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Mining Dependents From Goa Appeal To PM For Immediate Resumption of Mining Operations in Goa

Over 50,000 Mining dependents from Goa want PM Modi for immediate resumption of Mining in Goa. Apart from mining ban, COVID has also disrupted tourism in Goa.

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Tata Steel To Commission First Scrap-based Plant Soon

The plant having an annual capacity of 5 lakh tonnes is being set up in collaboration with Aarti Green Tech

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JSW Steel Q4 Net Profit Cracks By 86% To Rs 242 Crore

The Indian economy was severely impacted by the temporary closure of economic activities across the country after the announcement of the first phase of nationwide lockdown in the last week of March.

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Mining And Mineral Sector Hit Due To Covid-19 Led Slowdown: KPMG

This is due to lower mineral offtake on account of lack of demand from end-use sectors and also non-availability of labour.

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