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Latest Articles in Metals and Mining
ArcelorMittal Sees Drop In Steel Shipments And Profits
Chief Executive Lakshmi Mittal said on Thursday the company's core markets had showed signs of improvement at the end of 2019, but activity and market conditions had since worsened.
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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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ArcelorMittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy
The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India.
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Coronavirus Outbreak: Coal Import Declines 14% To 17 MT In Feb
The country's coal imports in February last year stood at 19.82 MT, according to a provisional compilation by mjunction services
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Tata Steel Europe To Cut 1,250 Jobs In Turnaround Push
Besides the job cuts, which would be less than half of what the company had announced last year, Tata Steel said it will not replace employees who have retired or left the company.
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India Ranks As Second Largest Steel Producer Of Crude Steel: Pradhan
On the other hand, Japan ranks third globally with 104.3 million tonnes of crude steel production in 2018 and 99.3 million tonnes in 2019.
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Vedanta Implementing Acquisition Of Ferro Alloys Corporation
The acquisition will complement the company's existing steel business as the vertical integration of Ferro manufacturing capabilities has the potential to generate significant efficiencies.
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JSPL Reports Net Loss Of Rs 219 Cr In Q3 Of Current Fiscal
The earnings before interest, tax, depreciation, and amortization (EBITDA) were pegged at Rs 1,820 crore, down from Rs 2,077 crore in the year-ago period.
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ArcelorMittal Aims To Complete Essar Steel Acquisition By 2019-end
The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.
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Jindal Steel & Power Targets Over Rs 10,000 Cr Cut In Net Debt In Two Years
Appreciating the government plan for investing Rs 100 lakh crore in infrastructure sector, he said, JSPL is delivering rails well before stipulated time.
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India's Steel Industry Wants 25% Duty Placed On Imports: JSW Steel Exececutive
"India's imports from FTA partners rose 77% (in the current fiscal)," said Seshagiri Rao, JSW's joint managing director and group chief financial officer.
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India To Invite Bids From Global Coal Miners Before End Of 2019
The government aims to allow companies with winning bids to begin development of the coal blocks - which hold proven reserves - by early 2020
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Tata Steel To Shut Some Operations In UK, 400 Jobs At Stake
Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.
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JSPL Supplies 1.26 LT Rails To Indian Railways
Part of the $18-billion O P Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.
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Tata Metaliks Q1 PAT at Rs 19.62 cr
Total income was however higher at Rs 503.43 crore as compared to Rs 469.02 crore in April-June 2018.
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