Nalco registers record bauxite, alumina production
Public sector Nalco has clocked a record production of alumina and bauxite in fiscal 2015-16.
Apr 03, 2016, 17:31 PM IST
Tata Steel puts UK biz on block; Govt, unions hunt for options
Tata Steel has put its entire UK business on the block, putting thousands of jobs at risk amid a deepening crisis in the country's once-storied sector that the Indian conglomerate had entered nearly a decade ago with a USD 14-billion takeover with much fanfare.
Mar 30, 2016, 18:13 PM IST
Gold falls to one-month low as dollar gains on Fed hike view
Gold dropped to its weakest in a month on Monday, pressured by a firmer dollar following hawkish comments from U.S.
Mar 28, 2016, 09:35 AM IST
Steel consumption drops in Feb, first time since Nov 2015
India's domestic steel consumption in February fell for the first time in the last three months by almost 2 percent to 6.84 mt, something that doesn't augur well for the industry, which is banking on demand to pick up to spur growth
Mar 07, 2016, 14:57 PM IST
SAIL Q3 net loss at Rs 1,529 crore on low income, import surge
Lower sales on account of "huge surge in imports of low-priced steel" from countries including China saw steel giant SAIL log a massive Rs 1,528.7 crore stand-alone net loss for the December quarter.
Feb 09, 2016, 18:33 PM IST
Coal linkages to cement, steel sectors via auction: Cabinet
Allocation of coal linkages for the non-regulated sector, which includes steel and cement, will be only through the auction route to ensure transparency, government said Wednesday.
Feb 03, 2016, 18:18 PM IST
China crude steel output falls for first time in 34 years
China`s crude steel output fell last year for the first time since 1981, official figures and reports said Tuesday, amid a wider slowdown in the country`s economy and European accusations of dumping.
Jan 19, 2016, 18:06 PM IST
Government may fix minimum import price for steel products this week
Ministries of Commerce and Steel are close to finalising the minimum import price of about 30-35 steel products, which is likely to be announced this week.
Dec 13, 2015, 15:03 PM IST
Govt spending key for revival of Indian steel sector: Fitch
Spending on infra projects such as housing for all and smart cities is the key for the revival of the Indian steel industry, which faces headwinds like cheap imports, global agency Fitch said.
Nov 23, 2015, 19:06 PM IST
Govt mulls steps to help steel, aluminium sectors
Government is considering "proactive steps" to improve the health of steel and aluminium sectors which are reeling under the impact of decline in global prices, Finance Minister Arun Jaitley said Monday.
Nov 23, 2015, 18:57 PM IST
Crisis-hit Tata Steel asks suppliers to slash prices
Amid a crisis in Britain's steel sector, Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.
Nov 09, 2015, 06:43 AM IST
Lakshmi Mittal's S African steel plant in government bailout
The South African arm of Indian steel magnate Lakshmi Mittal's business empire has received a bailout from government interventions after earlier being at loggerheads with it over a closure that would have effectively destroyed an entire town that depended on it.
Nov 09, 2015, 02:48 AM IST
Glass as strong as steel developed
The researchers used what they call aerodynamic levitation, to create glass imbued with extra amounts of an oxide of aluminium.
Nov 05, 2015, 20:00 PM IST
Iron, steel exports plunge 41% to $4.57 billion in September
India's iron and steel exports plummeted by 41 percent to USD 4.57 billion in September against USD 7.69 billion a year ago, hit by a subdued economic sentiment mainly in the commodities market.
Oct 22, 2015, 22:13 PM IST
Harvard researchers develop way to make 'super-steel'
Researchers at the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) have developed a new steel surface coating that makes the world's most important engineering and construction material stronger, safer and more durable.
Oct 20, 2015, 21:10 PM IST
China's crude steel output remains weak
China's crude steel output continues to decline, data from the country's top economic planner shows.
Oct 03, 2015, 15:08 PM IST
Assocham seeks sops from govt to revive sectors in 'crisis'
Pointing out that sectors like real estate, power, steel, gems and jewellery are in a "real crisis", industry body Assocham has approached the government for incentives like a cut in excise duty, teaser loans for housing and interest subvention for exporters.
Oct 02, 2015, 21:02 PM IST
NMDC may invest Rs 40,000 cr in 8 years for capacity expansion
State-owned NMDC Ltd plans to invest Rs 40,000 crore in the next eight years to reach a target of 100 million tonnes per annum of iron ore production from the current levels of little over 30 MTPA.
Sep 29, 2015, 17:30 PM IST
SAIL spends Rs 284-cr on R&D in FY'15, highest by an Indian company
Domestic steel giant SAIL has spent Rs 284 crore on research and development (R&D) initiatives in the last fiscal ended March 2015, the highest by any steel maker in India, Steel Secretary Rakesh Singh said Thursday.
Sep 24, 2015, 22:23 PM IST
Govt imposes 20% safeguard duty on select steel products
Government Monday imposed provisional safeguard duty of 20 percent on import of certain categories of steel with a view to protect domestic producers from recent surge in inward shipments, Finance Minister Arun Jaitley said.
Sep 14, 2015, 21:34 PM IST
