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Latest Articles in steel

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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India's Anti-China Steel Tariffs Bite Engineering, Manufacturing Firms

Indian manufacturers of finished steel goods are urging New Delhi to end tariffs on cheap imports of the alloy from China, Japan and South Korea, worried the protectionist measures may cost them billions in lost overseas sales

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India To Impose Temporary Anti-dumping Duty On Some Steel Products

The Directorate General of Anti Dumping recommended the duties on steel products from China, Japan, South Korea, Russia, Brazil and Indonesia

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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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JSW Steel Q1 Net Jumps To Rs 1,109 Crore On Cost Reduction

Sajjan Jindal-led JSW Steel has reported a multi-fold jump in consolidated net profit at Rs 1,109 crore for the quarter ended on June 30, 2016 on the back of cost reduction

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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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Tata Steel Close To Deal To Keep UK Business

The Indian conglomerate is in talks to clinch a loan worth nearly 1 billion pounds and a restructuring of the British Pension Scheme after no potential bidder could guarantee keeping the plants running for more than three years

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Carmakers Seek Alternatives To UK Steel As Tata Looks For Buyers

Tata Steel has serious offers on the table after putting its entire UK business up for sale in March to stem heavy losses, blaming costs, market weakness and cheaper imports from countries such as China

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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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