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Bengaluru-based Hypermart Steel booked for cheating banks

New Delhi, Jan 13 | The Central Bureau of Investigation (CBI) on Wednesday said that it has registered a case against Bengaluru-based Steel Hypermart...

Price lift for steelmakers; Decadal high domestic steel prices

New Delhi, Jan 11 | Domestic steel prices defied predictions and ascended through the December quarter as three tailwinds converged -- high global prices,...

Possible govt intervention to curb high domestic steel prices: Report

New Delhi, Jan 8 | The increase in India's domestic steel consumption from 2QFY21 has led to higher cost which might invite a government...

4 workers killed due to toxic gas leak in Rourkela Steel...

Bhubaneswar, Jan 6 | At least four contractual labourers working in Rourkela Steel Plant (RSP) died and a few others fell ill after inhaling...

Nithia Capital and CarVal Investors complete acquisition of Uttam Galva and...

New Delhi, Jan 5 | Nithia Capital, a global distressed alternative asset manager and CarVal Investors, a global alternative investment manager focused on distressed...

Piping hot: India’s steel production grows as year draws to a...

New Delhi, Dec 28 | Even before the start of the new year, the Indian steel sector has regained its lost shine registering a...

China’s ban on Australian coking coal to benefit India’s steel producers:...

New Delhi, Dec 26 | The production cost of India's steel producers using the blast furnace route would remain contained in the near term...

Ban steel exports as high domestic prices harming forging industry: AIFI

New Delhi, Dec 24 | The Association Of Indian Forging Industry (AIFI) has urged the Centre to ban exports of steel and iron ore...

Tata Steel moves SC against Jharkhand’s Covid cess on minerals

New Delhi, Dec 18 | Tata Steel is learnt to have moved the Supreme Court against the Covid-19 pandemic cess imposed by the Jharkhand...

Tata Steel surges 7% as it starts talks with SSAB to...

New Delhi, Nov 17 | Shares of Tata Steel surged nearly 7 per cent on Tuesday, after the company confirmed that is has started...

Artist Vibhor Sogani exhibits steel sculpture in Dubai

By Siddhi JainNew Delhi, Nov 14 (IANSlife) Installation artist Vibhor Sogani, who is showcasing his public art installation 'Nebula', a large lustrous suspended cloud...

Tata Steel in talks with SSAB Sweden to sell its Dutch...

Mumbai, Nov 13 | Tata Steel has initiated talks with Sweden-based SSAB to sell its Netherland business, including Ijmuiden steelworks.It has also started discussions...

‘CVD on stainless steel imports from Indonesia to boost profitability’

New Delhi, Oct 31 | The imposition of countervailing duty on 'stainless steel flat' products imported from Indonesia should improve domestic sales realisation along...

Tata Steel’s overseas plants back to high utilisation: CEO

New Delhi, Oct 28 | Tata Steel has returned to 100 per cent capacity utilisation in India and its overseas plants are also getting...

NCLT approves JSW Steel arm’s bid for Asian Colour Coated Ispat

New Delhi, Oct 19 | The National Company Law Tribunal (NCLT) has approved the resolution plan of JSW Steel Coated Products Limited, a subsidiary...

Tata Steel Long Products focus on volume growth, product mix

Mumbai, Oct 18 | Tata Steel Long Products Ltd is focusing on volume growth and product mix improvement for further growth.In its investor presentation,...

Chinese demand revival cheers Indian steel sector

New Delhi, Oct 14 | Good times seems to be making a return for Indian steel makers as global demand conditions, particularly in largest...

Global steel industry outlook revised to stable on strengthening demand: Moody’s

New York, Oct 8 | The outlook for the global steel industry has been revised to stable from negative, Moody's Investors Service has...

JSPL reports 30% steel sales growth in Q2 FY21

New Delhi, Oct 6 | Jindal Steel & Power Limited (JSPL) has beaten the trend again reporting healthy growth in production and sales volume...

Amid demand revival, steel companies hike prices by Rs 2,000/T

New Delhi, Oct 5 | In a sign of economic activity gradually picking pace in the unlock phase, steel companies have increased the price...

Steel industry writes to PMO as iron ore exports to China...

By Sanjeev SharmaNew Delhi, Sep 30 | India's steel industry is seeking a ban on exports of iron ore and has petitioned the Prime...

India’s Aug crude steel output falls 4%, China logs 8% rise

New Delhi, Sep 27 | Production of crude steel in India in August declined 4.4 per cent on a year-on-year basis to 8.48 million...

NHSRCL opens bids for 28 steel bridges, 88 km viaducts for...

New Delhi, Sep 25 | Giving pace to the ambitious 508 km-long Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor project, the National High Speed Rail...

Tata Steel Mining starts operations at Sukinda chromite mine in Odisha

Bhubaneswar, Sep 21 | Tata Steel Mining Limited (TSML) on Monday commenced operations at its Sukinda chromite mine in Odisha.The groundbreaking ceremony to kickstart...

Tata Steel inks deal to pay annual bonus to employees

Kolkata, Sep 14 | The Tata Steel management and Tata Workers' Union on Monday signed a memorandum of settlement for the payment of annual...

NCLAT sets aside plea against CarVal’s resolution plan for Uttam Value...

New Delhi, Sep 10 | The National Company Law Appellate Tribunal (NCLAT) has given its go ahead for the resolution plan of New York-based...

JSW Steel’s Bhushan Power takeover may soon see light of day

New Delhi, Sep 9 | The much-delayed, high-profile resolution process of Bhushan Power and Steel Ltd (BPSL) may soon become a success as the...

Tata Steel congratulates Tiwary for Dronacharya Award

Mumbai, Aug 30 | Tata Steel has lauded Dharmendra Tiwary who was on Saturday conferred with the prestigious Dronacharya Award for his contributions to...

India’s steel demand expected to contract in FY21: Fitch Ratings

Mumbai, Aug 21 | India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday.However, the ratings agency said that volumes...

Indian steel market to have V-shaped margin recovery ahead: Report

New Delhi, Aug 15 | The Indian steel sector is in a sweet spot with a V-shaped margin recovery ahead, Kotak Institutional Equities has...

Steel industry will see shift in market share: JSW Steel

By Sanjeev SharmaNew Delhi, July 31 | JSW Steel sees an opportunity as a market share shift takes place in the steel industry with...

Tata Steel offers UK govt big stake in Wales plant

New Delhi, July 26 | Tata Steel is reportedly in talks with the UK government and has offered up to 50 per cent stake...

RIL PP now more valuable than Tata Steel, Grasim, Zee

New Delhi, July 14 | Shares of Reliance Industries' partly-paid (RIL PP) on Tuesday completed one month of trading and in this short period...

Foundation laid for Rs 426 cr steel bridges in Hyderabad

Hyderabad, July 11 | Under Strategic Road Development Programme (SRDP) aimed at easing traffic congestion in Hyderabad, foundation stone was laid on Saturday for...

Trudeau concerned over US tariffs on aluminium, steel

Ottawa, July 9 | Canadian Prime Minister Justin Trudeau said that he was concerned about reports that the US was considering reimposing tariffs on...

JSPL reports 12% rise in Q1 Steel Sales amid Covid-19

New Delhi, July 2 | Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during...

JSW Steel’s Karnataka plant sealing extended amid Covid

Bengaluru, July 1 | Karnataka's Ballari district administration has extended the sealing of JSW Steel plant and township in Toranagallu village till July 31...

Auditors flag ‘material uncertainty’ of Tata Steel Europe

New Delhi, June 30 | The auditors of Tata Steel have raised concerns regarding the 'material uncertainty' of its European arm due to the...

Bhushan Power’s acquisition by JSW Steel still hangs on fire

New Delhi, June 30 | The much prolonged resolution of Bhushan Power and Steel Ltd, is stuck in its last leg as JSW Steel...

Tata Steel reports Q4 consolidated net loss of Rs 1,095 cr

Mumbai, June 29 | Tata Steel on Monday reported a consolidated net loss of 1,095.68 crore for the January-March quarter of the 2019-20 financial...

ArcelorMittal & Nippon Steel to invest Rs 2,000 cr in Odisha

Bhubaneswar, June 13 | ArcelorMittal & Nippon Steel on Saturday said they will invest around Rs 2,000 crore in the first phase in...

Steel demand expected to start reviving in Q3 FY20: Crisil Survey

New Delhi, June 9 | As the pandemic and the lockdown severely impacted construction and allied activities, a majority of the steel manufacturers believe...

Covid-19 set to wreck profitability of steel sector

New Delhi, April 16 | With Covid-19 casting a long shadow over a much-anticipated mild recovery in fiscal 2021, the Indian steel sector stares...

JSW Steel prepares to resume all operations post lockdown

New Delhi, April 7 | JSW Steel on Tuesday said that it is making preparations to restart operations at all its units once the...

Steel industry faces inventory build, liquidity issues

New Delhi, March 30 | The performance of domestic steel makers is likely to be adversely impacted in Q1 FY2021 as a result of...

Adani, Jindal steel among 25 firms booked for Rs 97 cr...

New Delhi, March 20 | The Central Bureau of Investigation (CBI) has registered a case against four officials of Mahanadi Coalfields Ltd (a subsidiary...

Pradhan, Odisha CM discuss Japanese investment in steel sector

Bhubaneswar, Feb 28 | Union Steel Minister Dharmendra Pradhan and Odisha Chief Minister Naveen Patnaik on Thursday discussed prospects of Japanese investment in the...

JSW Steel to pay Rs 19,700 cr by Mar 15 to...

New Delhi, Feb 20 | JSW Steel is all set to wrap up one of the long-drawn and high-profile insolvency resolution cases, as it...

Bhushan Power Acquisition: JSW Steel to pay Rs 19,700 cr

New Delhi, Feb 20 | JSW Steel is all set to wrap up one of the long-drawn and high profile insolvency resolution cases, as...

US tariffs on derivative steel, aluminium imports take effect

Washington, Feb 9 | US administration's decision to increase tariffs on derivative steel and aluminium imports by 25 per cent and 10 per cent,...

Business

Hero MotoCorp surpasses 100 mn cumulative production milestone

New Delhi, Jan 21 | Two-wheeler major Hero MotoCorp has surpassed the significant milestone of 100 million (10 crore) units in cumulative production.The 100...