global steel

ArcelorMittal Liberia announces first iron ore shipment


March 20th, 2012 - 6:36 pm ICT by IANS
Monrovia, March 20 (IANS) Global steel giant ArcelorMittal Tuesday announced the first direct shipment of 1 million tonnes of iron ore from its Liberia mining operations.The vessel carrying the ... Read more...

Posted in Business |

Goan NRIs campaign against illegal mining


January 22nd, 2012 - 10:51 am ICT by IANS
Panaji, Jan 22 (IANS) The Goan diaspora worldwide is spearheading a campaign to shame the state and central authorities into reining in illegal and indiscriminate mining in Goa, timing it ... Read more...

Posted in Uncategorized |

Tata Steel’s first quarter profit jumps three-folds


August 12th, 2011 - 6:46 pm ICT by IANS
Mumbai, Aug 12 (IANS) One of the world's leading steel majors, Tata Steel Friday reported an almost three-fold rise in its net profit for the first quarter of the current ... Read more...

Posted in Business |

Tata Steel rolls out new corporate campaign


July 21st, 2011 - 6:42 pm ICT by IANS
New Delhi, July 21 (IANS) Tata Steel Thursday launched a corporate campaign portraying itself as a state-of-art global steel major which is also dedicated towards social, economic and environmental sustainability."As ... Read more...

Posted in Uncategorized |

ArcelorMittal again extends bid for Canadian ore company


January 11th, 2011 - 1:31 pm ICT by IANS
By Gurmukh Singh Toronto, Jan 11 (IANS) Global steel giant ArcelorMittal and rival bidder Nunavat Iron Core extended their competing bid deadlines for Toronto-based Baffinland Iron Mines Tuesday.While Nunavut extended its offer ... Read more...

Posted in Business |

ArcelorMittal set to buy Canadian iron ore company for $433 million


December 16th, 2010 - 2:01 pm ICT by IANS
By Gurmukh Singh Toronto, Dec 16 (IANS) Unless a rival bidder emerges possibly from China by Monday, ArcelorMittal is set to take over Canada's Baffinland Iron Mines for $433 million.ArcelorMittal has already ... Read more...

Posted in Business |

ArcelorMittal changes India strategy, focus on smaller units


September 16th, 2010 - 9:53 pm ICT by IANS
London, Sep 16 (IANS) Facing delays in land acquisition and protests by tribals in India for its proposed units, top global steel producer AreclorMittal has revised its strategy and will now ... Read more...

Posted in Business |

TATA Steel’s Q1 net profit zooms 100 percent


August 12th, 2010 - 9:38 pm ICT by IANS
New Delhi, Aug 12 (IANS) TATA Steel Thursday reported a 100 percent increase in its net profit for the first quarter of this fiscal at Rs.1,579.39 crore as compared to Rs.789.83 crore ... Read more...

Posted in Business |

Punjab rejects change in refinery’s name


July 4th, 2010 - 9:33 pm ICT by IANS
Chandigarh, July 4 (IANS) A move by the HPCL-Mittal Energy Limited to get the name of the Guru Gobind Singh Refinery project near Bathinda changed has been rejected by the Punjab government, ... Read more...

Posted in Business |

‘Bokaro plant will be India’s largest steel producer by 2012′


January 28th, 2010 - 9:06 pm ICT by IANS
Bokaro, Jan 28 (IANS) Union Steel Minister Virbhadra Singh Thursday said the Bokaro Steel Plant would become the largest steel producer of the country by 2011-12 after the completion of its expansion ... Read more...

Posted in Business |

ArcelorMittal’s third steel plant will be in Karnataka


January 7th, 2010 - 8:03 pm ICT by IANS
New Delhi, Jan 7 (IANS) Global steel giant ArcelorMittal will set up its third steel plant in India in Karnataka, even as the company's chairman expressed disappointment over the slow response ... Read more...

Posted in Business |

Karnataka clears big-ticket investments worth $27.5 bn


January 7th, 2010 - 7:11 pm ICT by IANS
New Delhi, Jan 7 (IANS) Karnataka has cleared 38 big-ticket projects worth Rs.138,000 crore ($27.5 billion), and hopes soon to finalise the mega investment proposals from global steel makers ... Read more...

Posted in Business |

Gujarat NRE expects coke prices to go up from January


December 22nd, 2009 - 8:36 pm ICT by IANS
Kolkata, Dec 22 (IANS) Metallurgy coke producer, Gujarat NRE Coke expects coking coal prices to go up from January following indications that there will be upward revision of steel prices, a senior ... Read more...

Posted in Business |

Tata Steel to cut CO2 emissions by 2012


December 21st, 2009 - 7:37 pm ICT by IANS
Kolkata, Dec 21 (IANS) Tata Steel will cut down its carbon dioxide emissions from the current level of two tonnes to 1.8 tonnes for every tonne of steel produced by 2012, a ... Read more...

Posted in Business |

ArcelorMittal to pursue steel projects in Orissa, Jharkhand


November 27th, 2009 - 11:34 pm ICT by IANS
Bangalore, Nov 27 (IANS) World's largest steel maker ArcelorMittal would continue to pursue its plans to set up integrated steel plants in Orissa and Jharkhand despite delays in land acquisition, a ... Read more...

Posted in Business |

Tata Steel gets villagers’ support for Chhattisgarh plant


October 12th, 2009 - 10:07 pm ICT by IANS
Raipur, Oct 12 (IANS) Tata Steel made a big headway Monday in its efforts to set up a mega steel project in Chhattisgarh's Bastar district, with most of the local residents supporting ... Read more...

Posted in Business |

Land takeover delays may cost projects worth $100 bn: Report


October 6th, 2009 - 8:06 pm ICT by IANS
New Delhi, Oct 6 (IANS) Prolonged delays in acquiring land for industrial projects could endanger potential investments worth $100 billion in India, according to an industry lobby report. "Delays in land acquisition ... Read more...

Posted in Business |

Uttam Galva makes open offer on ArcelorMittal’s behalf


September 9th, 2009 - 4:49 pm ICT by IANS
Mumbai, Sep 9 (IANS) Indian steel producer Uttam Galva Wednesday made an open public offer to acquire 29.4 percent of its shares on behalf of global steel giant ArcelorMittal at Rs.120 ... Read more...

Posted in Business |

ArcelorMittal posts loss of $800 mn in second quarter


July 29th, 2009 - 2:00 pm ICT by IANS
London, July 29 (IANS) Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped ... Read more...

Posted in Business |

ArcelorMittal faces labour trouble in Canada


July 13th, 2009 - 3:05 pm ICT by IANS
By Gurmukh Singh Toronto, July 13 (IANS) Labour trouble is brewing at ArcelorMittal Dofasco, the Canadian subsidiary of the global steel giant, with its slag-recycling workers on the warpath over contract terms.The ... Read more...

Posted in Business |

Virbhadra Singh assumes charge of Steel Ministry


May 29th, 2009 - 6:37 pm ICT by ANI
New Delhi, May 29 (ANI): Minister for Steel Virbhadra Singh assumed charge here on Friday.He was welcomed by Steel Secretary P.K.Rastogi and other senior officers.Talking to reporters after taking charge, he said ... Read more...

Posted in National |

ArcelorMittal’s Canadian unit fined $110,000 as worker loses leg


April 21st, 2009 - 9:43 am ICT by IANS
By Gurmukh Singh Toronto, April 21 (IANS) ArcelorMittal Tubular Products Canada Inc, a subsidiary of the global steel giant, has been fined $110,000 for violating the Occupational Health and Safety Act (OHSA) ... Read more...

Posted in Business |

Tata Steel Indian operations quarterly profit halves


January 29th, 2009 - 1:43 pm ICT by ANI
New Delhi, Jan 29 (ANI): In view of the continuously slumping sales to half of quarterly profits of the Indian operations of Tata Steel, top officials said that a recovery was ... Read more...

Posted in Business |

240-mn-tonne steel production targeted by 2020


December 12th, 2008 - 3:38 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Indian government is targeting steel production of 240 million tonnes by 2020 - double of what was originally envisaged, parliament was told Friday."We had originally targeted ... Read more...

Posted in Uncategorized |

25 held for attacking Jharkhand cement factory


October 24th, 2008 - 1:59 pm ICT by IANS
Ranchi, Oct 24 (IANS) Twenty-five people, including nine women, have been arrested for attacking and torching the under-construction Jaypee Cement factory in Jharkhand's Bokaro district, police said Friday."We have arrested 25 people ... Read more...

Posted in Uncategorized |

Steel byproduct shows potential in CO2 sequestration


October 14th, 2008 - 4:13 pm ICT by IANS
Washington, Oct 14 (IANS) A byproduct of steel industry, that also emits huge volume of carbon dioxide, could be used to absorb greenhouse gas and control global warming.Mourad Kharoune, professor at cole ... Read more...

Posted in Sci-Tech |

Centre asks steel producers to cut steel prices if rates fall further globally


August 22nd, 2008 - 5:31 pm ICT by ANI
New Delhi, Aug 22 (ANI): The Centre on Friday asked steel producers to cut prices as and when there was further fall of rates in the global markets. P K Rastogi, ... Read more...

Posted in Sports |

Chhattisgarh to get Rs.427.6 bn in steel sector


August 9th, 2008 - 4:12 pm ICT by IANS
Raipur, Aug 9 (IANS) As many as 20 steel makers have signed separate deals with the Chhattisgarh government that will bring investments worth Rs.427.61 billion ($10.2 billion) to the state, a senior ... Read more...

Posted in Business |

ArcelorMittal to buy 60 percent stake in Dubai firm


July 1st, 2008 - 4:42 pm ICT by IANS
Dubai, July 1 (IANS) L.N. Mittal-led ArcelorMittal, the world's largest steel maker, is expanding its presence in the Middle East by acquiring a 60 percent stake in a Dubai-based steel distributor. In ... Read more...

Posted in World |

ArcelorMittal, Posco buy stakes in Oz mining firm


June 30th, 2008 - 1:17 pm ICT by ANI
Melbourne, June 30 (ANI): Global steel giants ArcelorMittal and Posco have bought stakes in Macarthur Coal, raising the possibility of a bidding war for the Australian mining company.ArcelorMittal, the worlds largest ... Read more...

Posted in National |

Arcelor-Mittal proposal for foreign investment among 13 cleared


June 13th, 2008 - 7:00 pm ICT by IANS
New Delhi, June 13 (IANS) A proposal from global steel-maker Arcelor-Mittal to set up a holding company in India for various projects was among 13 proposals on foreign direct investment worth Rs.15.27 ... Read more...

Posted in Business |

ArcelorMittal’s joint venture gets EU clearance


June 4th, 2008 - 7:20 pm ICT by IANS
Brussels, June 4 (IANS) The European Commission Wednesday said it has granted clearance under the EU Merger Regulation to the proposed joint venture between ArcelorMittal SA of Luxembourg and Borusan Holdings A.S. ... Read more...

Posted in World |

Steps taken to tackle the rise in steel price


May 29th, 2008 - 10:24 pm ICT by admin
New Delhi, May 29 (ANI): There has been an up-trend in the domestic steel prices since 2006-07 and the trend accentuated since January this year. In between January and April this ... Read more...

Posted in National |

Arcelor-Mittal targets global iron ore and coking coal lock-up


May 23rd, 2008 - 4:46 pm ICT by admin
Melbourne, May 23 (ANI): Steel tycoon Lakshmi Mittal's decision to spend 630 million Australian dollars for a 14.9 percent stake in Australia's Macarthur Coal is aimed at cornering supplies of iron ... Read more...

Posted in National |

Russian steel maker Severstal to buy US mill


May 8th, 2008 - 9:23 pm ICT by admin
RIA Novosti Moscow, May 8 (RIA Novosti) Russia's largest steel producer Severstal said Thursday it had finalised a deal to purchase the US-based Sparrows Point steel mill from ArcelorMittal for $810 million. The ... Read more...

Posted in World |

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