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Latest Articles in Steel

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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Share Of Counterfeit Stainless Pipe & Tube Falls To 20 Pc In Domestic Market: JSL

The reduction in counterfeit products will benefit the consumers as stainless steel decorative pipes and tubes find major applications in segments such as railings, furniture, decorative items, facades, and in automobile and e-rickshaws.

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JSW Steel Production Up 30 % In Q2 At 3.85 Million Tonnes

JSW Steel is the only Indian company ranked among the top 10 steel producers in the world by World Steel Dynamics for the last 10 consecutive years.

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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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ArcelorMittal In Talks To Merge US Assets With Cleveland-Cliffs

ArcelorMittal's U.S. business has more than 18,000 employees and 25 facilities, including mines, steelmaking facilities and finishing operations, according to the company's website.

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SAIL Board Restructuring Gets ACC's Approval, To Bring In Greater Efficiency, Decentralisation

The board will have non-official directors as per the Companies Act 2013 and two government nominee directors as per the Department of Public Enterprise policy.

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