Take immediate steps to boost SAIL profitability: Parl panel
Concerned over eroding bottomline of steel giant SAIL, a Parliamentary panel has said the government should take immediate steps to boost its profit while asking the PSU management to do some "serious brainstorming" to improve output.
Dec 28, 2014, 12:18 PM IST
India's steel consumption grows by 1.3% in Apr-Nov
India's steel consumption grew by a moderate 1.3 percent to 48.62 million tonnes during the April-November period of current fiscal on lingering effect of the economic slowdown and slow growth in production.
Dec 09, 2014, 19:26 PM IST
Steel baron Lakshmi Mittal drops down South Africa rich list
Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.
Dec 07, 2014, 20:17 PM IST
Steel cos competitive enough to counter surge in imports: SAIL
Allaying apprehensions of rising steel imports, state-run SAIL Sunday said capacity expansion of almost all steel-makers indicate that the domestic industry is resilient and competitive enough to balance it out with proportionate exports.
Dec 07, 2014, 16:49 PM IST
NMDC may slash iron ore prices in Dec
Falling global prices and subdued demand may prompt country's largest iron ore miner NMDC to cut the price of steel-making raw material for the second month in a row in December.
Nov 26, 2014, 18:35 PM IST
India's steel output growth highest in Oct among major nations
India produced 7.080 million tonnes (MT) steel last month compared to 6.523 MT in the year ago period, data prepared by World Steel Association (WSA) said today.
Nov 21, 2014, 17:55 PM IST
SAIL Q2 net profit dips 45% to Rs 649 cr
State-owned steel maker SAIL Thursday reported 45 percent dip in net profit to Rs 649.49 crore for the second quarter ended September 30, 2014-15.
Nov 13, 2014, 20:48 PM IST
Tata Steel Q2 net profit up 37% at Rs 1,254 cr
Tata Steel on Wednesday reported 37 percent rise in consolidated net profit to Rs 1,254.33 crore for the July-September quarter mainly on account of proceeds from land sale worth Rs 1,146.86 crore.
Nov 12, 2014, 16:50 PM IST
India has potential to become 2nd largest steel consumer: DB
India's steel demand is expected to rise by 4-5 percent this year and will touch 15 percent CAGR after FY17 as the country has the potential to emerge as the second largest steel consuming market after China during FY15-20, Deutsche Bank said in its research report
Nov 02, 2014, 12:37 PM IST
Tata Steel refinances international debt worth $5.4 billion
Aimed at replacing costlier debt, Tata Steel Group Thursday completed restructuring of its entire international loan portfolio arising out of Corus buy in 2007 with the execution of refinancing deals worth USD 5.4 billion.
Oct 16, 2014, 19:47 PM IST
Tata Steel in talks to sell UK plants to Swiss-based Klesch Group
Indian steel giant Tata Steel Wednesday said it is planning to sell its Long Products division in Europe to Swiss-based Klesch Group and focus mainly on strip products activities.
Oct 15, 2014, 17:08 PM IST
Steel demand expected to grow 3.4% this year: WSA
In its April outlook, WSA had projected 3.3 percent growth in steel demand for India in 2014.
Oct 06, 2014, 14:44 PM IST
Steel demand expected to grow 3.4% this year: WSA
In its April outlook, WSA had projected 3.3 percent growth in steel demand for India in 2014.
Oct 06, 2014, 14:44 PM IST
Tata Steel opens new line in the Netherlands
The company said it had invested 12 million pounds in Finishing Line 32, which will process up to 400,000 tonnes of galvanised corrosion-resistant steel coil a year.
Sep 18, 2014, 19:16 PM IST
Steel players may benefit from low coking coal prices: Icra
The domestic steel players producing steel through the blast furnace route stand to benefit from the continuing weakness in the international coking coal prices, but iron ore continues to play spoilsport for the Indian steel industry, rating agency ICRA has said.
Aug 24, 2014, 17:56 PM IST
Cut gas from non-priority areas for retail needs: Govt to GAIL
In a move to promote use of CNG, the government has ordered state gas utility GAIL India Ltd to supply natural gas to city gas retailers by cutting supplies of non-priority sectors like steel and petrochemicals.
Aug 20, 2014, 19:39 PM IST
Bankers order forensic audit of Bhushan Steel
The decision was taken at a lenders meeting Monday to take a stock of the situation following the arrest of Bhushan Steel Vice Chairman and Managing Director Neeraj Singal by the CBI in an alleged cash for loan scam involving Syndicate Bank Chairman S K Jain.
Aug 18, 2014, 18:46 PM IST
Tata Steel plans Rs 14,000-crore capex during this fiscal
Steel major Tata Steel Ltd has chalked out a Rs 12,000 crore to Rs 14,000 crore capital expenditure plan to fund expansion of its Kalinganagar plant during the current financial year.
Aug 14, 2014, 22:38 PM IST
Lenders may tighten screws on Bhushan Steel, decision on Aug 18
With Rs 40,000 crore exposure to cash-strapped Bhushan Steel, PNB-led bank consortium will meet on August 18 to decide future course of action including setting up a team for day-to-day monitoring of financial affairs of the firm whose MD is embroiled in a bribery case.
Aug 14, 2014, 00:27 AM IST
Govt to auction coal mines after obtaining necessary approvals
The government will auction captive coal mines to companies engaged in production of steel, cement and sponge iron after obtaining necessary clearances and detailed exploration of the blocks.
Aug 05, 2014, 16:58 PM IST
