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Latest Articles in Steel

India's Crude Steel Output Grows 7.6 % To 10 MT In Jan: Worldsteel

'The production for the 64 countries reporting to the worldsteel was 162.9 MT in January 2021, registering a 4.8 per cent increase compared to January 2020,' the global industry body said in its latest report.

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Govt Eases Curbs On Steel For Highway Construction To Reduce Cost

The steel proposed to be used would be tested in NABL-accredited laboratories as a third party check before approval. The move is based on the analysis and discussions with stakeholders and also technical opinion.

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Govt Reduces Customs Duty On Certain Steel Items To Provide Relief To MSMEs

The 2.5 per cent duty on iron and steel melting scrap, including stainless steel scrap, and raw materials used in the manufacture of CRGO (Cold Rolled Grain Oriented) steel has been lowered to nil in the Budget.

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JSW Energy Net Profit Down Over 68 % At Rs 124 Cr In December Quarter

Total revenue of the company decreased 18 per cent on YoY basis to Rs 1,659 crore in the quarter under consideration from Rs 2,016 crore in the corresponding quarter of the previous year, primarily due to lower short term sales and reduction attributable to the impact of job work at standalone entity.

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Steel Companies Engage With Vaccine Makers For Bulk Supply Of Doses For Employees

SW Group which employs 55,000 people directly and indirectly, has plans to vaccinate its staff working at its corporate offices, plants and townships in next financial year.

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SAIL OFS Over-Subscribed Before End Of First Day

The shares sought were 125 per cent of the overall issue size and nearly 144 per cent of the shares reserved for non-retail investors who were supposed to make bids on the opening day.

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Realty Firms May Witness Margin Shrink By 4-6pc Due To Steel Price Rise

Price of construction steel or TMT bars had recently touched Rs 45,000 a tonne in some markets, which was at least 30-40 per cent higher than the rate in the pre-COVID period.

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Tata Steel Transfers Stake In Processing Arms To TSDPL

The step was taken to reorganise the company's India footprint into four clusters to drive scale, synergies and simplification and to create value for all stakeholders

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JSPL Foundation Supports Reconstruction Of Century-Old School For Girls At Mathura

JSPL Architecture-Construction and JRL Sonipat, a building and construction wing of JSPL. The construction work of the building is expected to be completed within one year time.

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JSW Steel Launches Website To Help MSMEs

Engineering exports in 2019-20 was about USD 76 billion and the government's aim is to double it to USD 150 billion by 2024-25.

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Tata Steel, POSCO Join Forces To Develop Hyperloop Tubes

Tata Steel Europe, a unit of India's Tata Steel, said in a joint statement with the world's fifth biggest steelmaker POSCO that they would develop high-quality steel grades needed for the huge vacuum tubes that allow high-speed transport using very little energy.

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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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ArcelorMittal Beats Profit Expectations After Lockdown Low

The company, which makes around 5% of the world's steel, said core profit (EBITDA) fell 15% from a year earlier to $901 million, compared with an average expectation of $838 million in a company-compiled poll.

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JSW Holdings Sep Quarter Profit Drops To Rs 39 Cr

The company had posted a profit of Rs 76.20 crore for the year-ago period, JSW Holdings said in a filing to BSE.

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Liberty Steel Set To Bid For Thyssenkrupp Steel Unit

The firm has 13 million tonnes of annual capacity, 72% of its total, and employs 17,000, compared with about 27,000 steelworkers at Thyssenkrupp.

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