Steel Industry News

SME News, Wednesday, May 15, 2013
NEW DELHI: Major PSU steel makers SAIL and RINL are likely to get government nod to charter ships directly for their imports of raw material on lines of the dispensation given to oil firms.     Currently, the steel makers are importing raw material through ships chartered by ...

SME News, Wednesday, May 15, 2013
NEW DELHI: The apex court recently overturned a district court decision that had blocked South Korea's Posco steel company from mining iron ore in the Odisha province.     Odisha authorities had filed a petition with the Supreme Court, saying the lower court's order that denied ...

By: Gopi Arora, SME News, Friday, Apr 26, 2013
  NEW DELHI: Union Steel Minister Beni Prasad Verma has said that provisional data released by Joint Plant Committee (JPC) indicates that production for sale of total finished steel increased by 0.5 per cent in February 2013 as compared to a growth of 4.3 per cent (and not 8.7 per ...

SME News, Tuesday, Apr 23, 2013
NEW DELHI: Country's domestic steel production increased by 6.5 per cent in March. This was the fastest pace of growth in the last three months to 6.86 million tonnes (MT).     India had produced 6.44 MT in March, 2012, industry body World Steel Association said in a release on ...

SME News, Monday, Apr 15, 2013
NEW DELHI: Manufacturing giant Tata Steel expects demand for the alloy to grow at a rate of 6-8 per cent for the year 2013-14.   The company has based this increase on improved demand from sectors that use this product. The company has also highlighted that with the economy expected to ...

SME News, Monday, Apr 15, 2013
NEW DELHI: The state-owned steel major, the Steel Authority of India Ltd (SAIL) has urged the Coal Ministry for allocation of two or three coal blocks under the government dispensation, in order to meet the fuel needs of its captive power plants.   Coal blocks identified by SAIL ...

By: Gopi Arora, SME News, Friday, Apr 12, 2013
  MUMBAI: Country’s demand for steel was poised to grow from 4-5 per cent to 8-9 per cent at the end of the 12th Five Year Plan. This would largely be driven by the growth of the infrastructure sector, where the government planned to spend 1 trillion dollars by the end of the Plan, ...

SME News, Thursday, Apr 11, 2013
NEW DELHI: India has expressed interest in collaborating with Zimbabwe for developing and utilising the low grade iron ore reserves in the African nation.   The visiting Beni Prasad Verma, Steel Minister told the South African Mines Minister Obert Moses Mpofu, "Zimbabwe has large ...

SME News, Tuesday, Apr 09, 2013
NEW DELHI: JSW Steel has announced that it has clocked 15 per cent growth in annual crude steel output at 8.51 million tonnes (MT) in 2012-13 fiscal.   As per the company statement, the company had produced 7.4 MT of steel in the last fiscal.   The steel maker further ...

SME News, Tuesday, Apr 09, 2013
NEW DELHI: The country's steel consumption grew by 3.3 per cent to 73.3 million tonnes in 2012-13 fiscal with the demand remaining subdued throughout the year amid slowdown in economy and high interest rates.   As per the data complied by Joint Plant Committee, under the Steel ...

By: Gopi Arora, SME News, Monday, Apr 08, 2013
  NEW DELHI: In a bid to strengthen cooperation between India and Tanzania in steel & mining sector, both the nations have signed a agreement for forging alliance to explore mineral wealth in the African nation.   The pact was signed in the presence of the Union Minister of ...

SME News, Thursday, Apr 04, 2013
  NEW DELHI: In a bid to offset the cost push and to minimise gap with landed cost of the imported metal, Country's leading steel makers are considering to raise prices.   Earlier in last month, Steel Authority of India (SAIL) and Jindal Steel and Power (JSPL) are among the ...

SME News, Saturday, Mar 30, 2013
  RAIPUR: A foreign delegation recently visited Jindal Steel and Power Plant in Raigarh district, over 200 km from Raipur, the company said on Saturday. The delegation was headed by Joesph Nyuma Boakai, Vice President of Liberia (west Africa).   “The 11-member delegation visited ...

SME News, Thursday, Mar 28, 2013
KOLKATA:  Leading pig iron maker Tata Metaliks Ltd, promoted by Tata Steel, on Tuesday. said it has terminated joint venture agreement with Japan's Kubota Corporation and Metal One Corporation for the Tata Metaliks Kubota Pipes Ltd (TMKPL).   "The company signed an ...

SME News, Monday, Mar 25, 2013
NEW DELHI: In light of delays on steel projects proposed for the state of Odisha, an Inter Ministerial Group might decide upon means to quicken them.     Two steel projects from ArcelorMittal and Posco, each worth USD 12 billion, are facing delays because of pending environmental ...