Page 27 - Steel Industry

Eight companies bid to build 28 bridges for Bullet train project: NHRSCL

The National High Speed Rail Corporation Limited (NHSRCL) opened technical bids for two packages for the bullet train project between Mumbai and Ahmedabad on Friday

Cut import dependence for special grade steel, boost R&D: Govt to industry

The government on Thursday stressed the need to cut import dependence for special grade steel, exhorting the domestic players to go for research and development activities and take required measures to make India self-reliant in value-added steel production. Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a Ficcci event, said though the country is the second largest producer of crude steel in the world, it is purely dependent on imports for special grade steel. Value added steel or special grade steel is used in segments like power, ship, rail, metro, defence, auto etc. Kulaste asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India. He said the industry players can conduct research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. This will help India become 'Aatmanirbhar' in ...

Tata Steel output back at 100% led by rural demand, good monsoon: Narendran

The company is now less dependent on exports compared to the first quarter, he added

JSPL consolidated steel sales up by 38% in August at 836,000 tonnes

With 836,000 tonnes sales during August against 606,000 tonnes in the corresponding period of the previous year

We may revise iron ore prices further, says NMDC CMD Sumit Deb

The lockdown hit our iron ore production and despatches in the first two months of 2020-21, he says

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

Govt asks RINL, POSCO to form joint working group for AP steel project

The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.

Liberty Steel seeks more acquisitions in India, to double Odisha capacity

Sanjeev Gupta-led group takes into account the high growth expected in the economy after the country emerges from lockdown

Pradhan asks steel industry to hike spending to boost consumption, jobs

Union Steel Minister Dharmendra Pradhan asked the industry stakeholders to prepare a plan to enhance investment that will boost steel consumption and create new job opportunities in the country

Tata Steel: Recovery in India business is keeping sentiment elevated

Reviving domestic prices along with improving product mix to aid growth

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Covid-19 pandemic speeds up JSW Steel's US business revamp plan

JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

Tata Steel BSL slips into red, posts Rs 650 cr net loss in June quarter

The company had posted a net profit of Rs 111 crore during the same quarter a year ago, Tata Steel BSL said in a BSE filing

ArcelorMittal reports $559 mn loss in June quarter; sales down to $11 bn

Total steel shipments in the second quarter of 2020 declined 23.7 per cent to 14.8 million tonne (MT), significantly impacted by the adverse effects of Covid-19 pandemic across all regions

Tata Steel Dutch employees safe from job losses, says Labour Union

There are about 9,000 workers at Ijmuiden. FNV said an agreement has also been reached on the company structure.

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

China top buyer of Indian steel under lockdown, accounts for 48% exports

Icra says in first two months of the current fiscal, Indian finished steel exports grew 76% YoY, and that China alone accounted for close to 60 per cent of this increase

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Steel imports worth Rs 20,000 cr avoided due to DMISP policy: Pradhan

Domestically manufactured iron and steel products (DMISP) policy was launched in 2017 and has helped India avoid steel imports worth over Rs 20,000 crore