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Latest Articles in Steel

Tata Steel To Pay Rs 130 Crore As Annual Bonus To Employees

The minimum and maximum annual bonus payable for 2015-16 would be Rs 16,800 and Rs 12,1365 respectively

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India To Levy Duty On Cold-Rolled Steel Products

The Directorate General of Anti Dumping recommended a tax of up to $594 a tonne on steel products from China, Japan, South Korea and Ukraine

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Steel Industry Owes Rs 3,00,000 Crore To Banks

The government says the Indian steel industry is passing through a severe downturn, due to global overcapacity

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Buyout Group Excalibur Says Still Keen To Buy Tata's UK Steel Business

The Excalibur Board has 'concluded it will continue the development of a series of opportunities that help meet its plans to acquire the Tata Steel UK business'

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Tata Steel Aims To Double Indian Workforce's Productivity

Tata will also focus on further automation and restructuring at its flagship 10 million tonnes a year plant at Jamshedpur, which will help bring down its costs

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KPS Capital Partners Backs Out Of Essar Steel Algoma Bid

A group that includes shareholders of Essar Global signed a letter of intent with a local unit of the United Steelworkers Union (USW) on Tuesday to negotiate a deal to buy ESA for about $900 million

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Essar Global Investors, Others Keen To Buy Essar Algoma

Algoma, bought nearly a decade ago by Indian energy and resources conglomerate Essar Global, had put itself up for sale while operating under creditor protection

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Japan May Seek WTO Help To Resolve India Steel Tariff Dispute

India has extended its safeguard import taxes on some steel products until March 2018, in a bid to stop cheap overseas purchases from flooding its market and bolster the domestic steel sector

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ArcelorMittal Pushes Bid For Italy's Ilva Steel Plant

The Italian government has extended to June 30 the deadline for presentation of binding offers for Europe's largest steel plant by output capacity

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Indian Steel Players To Be More Profitable In Near Term: ICRA

Industry players can see additional gains due to an increase in sales volumes, as imports are likely to reduce in the current year

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'We Won't Let Them Wreck Our Plant,' Tata's Dutch Steelworkers Say

Problems in the British steel industry long predate Tata's involvement. As state-owned British Steel, it was often starved of investment to modernise plants

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At Least Four Parties Bid For Tata Steel's UK Assets

Management buyout vehicle Excalibur Steel, Sanjeev Gupta's Liberty House metals group, India's JSW Steel Ltd and Greybull Capital have submitted separate bids for Tata's UK operations

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Buyout Group To Back Rival's Bid For Tata's UK Steel Assets

A decision on how to proceed with the British plant sale set to be taken at a meeting of the Tata board in Mumbai on Wednesday

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Indian-Origin UK Tycoon To Restart Steelworks Bought From Caparo

Sanjeev Gupta's Liberty House is also at the forefront of a bid to acquire Tata Steel's assets in Britain

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India Urges POSCO To Use Local Raw Material For Auto Steel Plant

POSCO has been importing most of the raw material - hot-rolled coils - from Korea, helped by a free trade agreement between New Delhi and Seoul

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