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Latest Articles in steel sector

EESL Partners With MECON To Support Energy Efficiency In Steel, Mining Industry

EESL and MECON would explore options of implementation of energy saving opportunities and implement pilot studies on cross-cutting technologies specially in iron, steel and mining industries.

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Industry Body IPMA Seeks Govt Intervention To Regulate Rising Steel Prices

Oil and gas projects and major infrastructure projects are responsible for driving economic growth, and require fine quality steel and its products, according to the body.

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Steel Strips Wheels Bags Orders Worth Rs 25 Cr From US, Europe

The export orders of over 170,000 wheels for US and EU are for caravan trailer market, US mobile home and US Truck trailer markets

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Saving Lives More Important Than Steel Production, Says Sajjan Jindal

Steel plants have reduced their oxygen stock to just half a day from 3.5 days earlier to fulfil the shortage of the life-saving gas being used in the treatment of COVID-19 patients.

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Tata Steel Takes Liberty Steel To Court In UK Over ‘Missed Payments’

Liberty had claimed an initial GBP 20-million investment programme to boost output by repairing and upgrading mothballed machinery, adding new equipment and generating a total of 300 new jobs soon after it acquired Tata’s Speciality Steels business four years ago.

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Tata Steel BSL Reports Rs 1,913 Cr Net Profit In Q4

The company's total income increased to Rs 7,348.66 crore, from Rs 4,288.87 crore a year ago

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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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Economic Recovery, Demand Revival Spark 2021 Hopes For Steel Sector

The Indian steel industry grappled with tough times in running their operations as well as witnessed a sharp plunge in demand for steel soon after the coronavirus pandemic and subsequent lockdowns disrupted overall economic activities.

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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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Essar Ports Clocks Revenue For 12.6 Mt Cargo In Q2, Up 12.5% From Q1

The company has recorded revenue for 23.8 million tonnes of cargo, despite a slowdown in April as India introduced the biggest ever lockdown in the world to contain the spread of the deadly disease thus bringing normal functioning to a complete halt.

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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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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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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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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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