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Latest Articles in Steel

China Steel Body Says EU Anti-Dumping Duties On Stainless Steel Are 'Over-Protection'

The European Commission has imposed provisional anti-dumping duties on hot rolled stainless steel sheets and coils originating in China, Indonesia and Taiwan.

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JFE To Cut 13% Steel Capacity By March 2024, Predicts Record Loss

The company forecast an impairment loss of about 220 billion yen ($2 billion) on its production facilities in Chiba and Kawasaki, near Tokyo, in the current business year ending this month

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SAIL Facing Order Cancellations, Re-Scheduling Due To Lockdown

The country's largest state-owned steel company faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.

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Arcelormittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy

India's Supreme Court cleared the path for ArcelorMittal to take over bankrupt Essar Steel, following a legal tussle that had dragged through multiple courts for over two years

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Moody's Changes Outlook On JSW Steel's Ratings To Stable From Positive, Affirms Ba2 Ratings

Steel consumption growth slowed to about 3.5 per cent for the nine months ended December 2019 from 7.5 per cent growth for the fiscal year ending March 2019.

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Jindal Stainless Successfully Exits Corporate Debt Restructuring

The company has seen an improvement in net debt-equity ratio which stood at 1.3 as on December 31, 2019 as compared to 3.2 as in March 2017.

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Fitch Revises Outlook On JSW Steel To Negative From Stable

The EBITDA decline was mainly driven by weaker steel prices and margins, as EBITDA per tonne fell to around Rs 7,500 (9M FY19: Rs 12,300).

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British Metals Tycoon Gupta Buys Bankrupt Steel Plant In India

The steel group has operations in 10 countries and 30,000 employees, not including the new Indian operations.

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Steel Becomes New Problem Child As Thyssenkrupp Posts Profit Drop

The company's net debt stood at 7.14 billion euros, nearly doubling quarter on quarter reflecting adjusted accounting of lease liabilities under the IFRS accounting standard.

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Gail India Issues Tender To Buy And Sell LNG Cargoes

Gail is seeking a cargo for delivery into Dabhol, India on a DES basis for Feb. 23 to 28, the sources added.

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SAIL Not To Shut Down 3 Loss-Making Steel Units: Chairman

SAIL has launched a special incentive scheme which aims to provide the required impetus to local MSMEs.

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JSPL Begins Transportation Of Iron Ore From Supplier's Mine In Odisha

The Odisha government had said it will allow JSPL to sell iron ore from SMPL if the steelmaker gave an affidavit of undertaking worth Rs 900 crore for royalty dues owed to the state.

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India's Crude Steel Output Rises 1.8% To 111.2 MT In 2019: Report

The country's crude steel production was at 109.3 MT in 2018, the global body said in its latest report.

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TATA STEEL: Steely Resolve

Renowned for its path-breaking policies, Tata Steel has played a key role in boosting the TATA brand’s performance.

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JSPL's 1.8 MTPA Coal Gasification Based DRI Plant Resumes Operations In Angul

We are targetting an additional production run-rate of 1.5 million tonnes per year of steel in FY20-21 through CGP and DRI route," said Managing Director V R Sharma.

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