steel demand

Tata Steel to pursue growth in Asia and Africa


July 23rd, 2012 - 6:34 pm ICT by IANS
New Delhi, July 23 (IANS) Tata Steel is turning to Asia and Africa for growth as its European operation would stay stressed from an steep decline in demand following the ... Read more...

Posted in Business |

POSCO’s operating profit drops in Q1


April 20th, 2012 - 5:30 pm ICT by IANS
Seoul, April 20 (IANS) South Korea's top steelmaker Posco said Friday that its operating profit dropped in the first quarter due to weak demand and high feedstock costs.Consolidated operating profit, ... Read more...

Posted in Business |

China to see waning steel demand


March 2nd, 2012 - 2:48 pm ICT by IANS
Beijing, March 2 (IANS) China's steel demand will continue to subside this year due to a possible domestic slowdown and faltering global economic recovery.China's crude steel consumption may hit 690 ... Read more...

Posted in Business |

China’s steel demand to reach 750 mn tonnes in 2015


May 29th, 2011 - 5:00 pm ICT by IANS
Beijing, May 29 (IANS) China's annual demand for crude steel will rise to between 670 million and 750 million tonnes in 2015, said China Iron and Steel Association (CISA).The figures ... Read more...

Posted in Business |

SAIL quarterly net profit falls 27.6 percent


April 29th, 2011 - 9:55 pm ICT by IANS
Mumbai, April 29 (IANS) Government-owned Steel Authority of India (SAIL) Friday reported a 27.6-percent decrease in the net profit for the quarter ended March 31 at Rs.1,507 crore, owing to ... Read more...

Posted in Business |

Lakshmi Mittal replaces Mukesh Ambani as world’s richest Indian


March 10th, 2011 - 12:17 pm ICT by ANI
New Delhi, Mar 10 (ANI): Steel Tycoon Lakshmi Mittal has clinched the title of the world's richest Indian from Reliance Industries' chief Mukesh Ambani.With a net worth of 31.1 billion dollars, ... Read more...

Posted in National |

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 |

Government to assess steel demand in villages


July 30th, 2010 - 6:54 pm ICT by IANS
New Delhi, July 30 (IANS) The government has initiated a study to assess the demand for steel in rural markets, Minister of State for Steel A. Sai Prathap said Friday in the ... Read more...

Posted in Business |

Budget neutral for steel industry: Tata Steel


February 26th, 2010 - 11:25 pm ICT by IANS
Bhubaneswar, Feb 26 (IANS) The union budget for 2010-11 is largely neutral for the steel industry, Tata Steel managing director H.M. Nerurkar Friday said. "This budget is largely neutral for the steel industry ... 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 |

Centre assures to meet steel demand in the country


December 10th, 2009 - 4:33 pm ICT by ANI
New Delhi, Dec 10 (ANI): Union Minister of State for Steel A Sai Pratap on Thursday said that steel demand in the country is being met both through domestic production and imports."The ... Read more...

Posted in National |

Government to conduct survey to assess rural steel demand


October 23rd, 2009 - 5:30 pm ICT by IANS
New Delhi, Oct 23 (IANS) Steel Minister Virbhadra Singh Friday said his ministry would start a nationwide survey to asses rural steel consumption and demand. "The survey will cover all states and ... Read more...

Posted in Business |

Tata Steel, MMTC join hands for mining development


October 22nd, 2009 - 8:56 pm ICT by IANS
Kolkata, Oct 22 (IANS) Steel major Tata Steel Limited and MMTC Limited signed an agreement Thursday to establish a 74:26 joint venture company for acquiring, development and operation of mines and processing ... Read more...

Posted in Business |

Demand growth for steel to cross 10 percent soon: Steel Secretary


August 25th, 2009 - 8:57 pm ICT by ANI
New Delhi, Aug 25(ANI): Steel Secretary P R Rastogi on Tuesday said that the growth in steel demand in the country would soon cross 10 percent, as soon as the effects of ... Read more...

Posted in National |

Tata’s Corus to cut 366 more jobs


July 9th, 2009 - 7:44 pm ICT by IANS
Mumbai, July 9 (IANS) Tata Steel subsidiary Corus, Europe's second largest steelmaker, Thursday announced plans to cut a further 366 jobs at its site in Scunthorpe, Britain. The move aims "to ... Read more...

Posted in Business |

Tata subsidiary Corus slash UK steel jobs


June 26th, 2009 - 6:29 pm ICT by John Le Fevre
Indian-owned steel giant Corus has announced an additional 2,000 job cuts in Britain following a "further deterioration" in steel demand in Europe and the US.The cuts come on top of 2,500 ... Read more...

Posted in Business |

Tata’s Corus to sack 2,045 workers


June 25th, 2009 - 9:48 pm ICT by IANS
London, June 25 (IANS) Tata Steel subsidiary Corus, Europe's second largest steelmaker, Thursday announced more than 2,000 joblosses, mostly in its British plants. The company blamed "the worldwide economic downturn and, in ... Read more...

Posted in Business |

ArcelorMittal shuts down blast furnace at Belgian plant


April 8th, 2009 - 10:40 pm ICT by IANS
Brussels, April 8 (IANS) Steel giant ArcelorMittal is shutting down one of two furnaces in its Ghent plant in western Belgium, EuAsiaNews reported quoting local media. The closure will be temporary and ... Read more...

Posted in Business |

Recession evokes mixed reactions from Indian companies


November 20th, 2008 - 7:09 pm ICT by ANI
New Delhi, Nov 20 (ANI): Global economic crisis has evoked mixed response from the Indian companies.Though the slump is felt in India and the heat has impacted various sectors, still many ... Read more...

Posted in National |

ArcelorMittal to idle Romanian plant


November 11th, 2008 - 11:45 pm ICT by IANS
Bucharest, Nov 11 (DPA) ArcelorMittal, the world's largest steelmaker, will idle one of its four Romanian plants because of falling global demand, it was reported Tuesday.The plant at Hunedoara will halt production ... Read more...

Posted in Business |

First steel processing plant in Kashmir Valley


September 22nd, 2008 - 10:15 pm ICT by IANS
First steel processing plant in Kashmir ValleySrinagar, Sep 22 (IANS) Union Steel Minister Ram Vilas Paswan Monday laid the foundation of the first steel-processing plant in the industry-starved Kashmir Valley which will ... Read more...

Posted in National |

Iron ore producers asked to fix prices for the long term


September 12th, 2008 - 3:21 pm ICT by IANS
New Delhi, Sep 12 (IANS) In an effort to bring down prices of steel products, the government Friday urged iron ore producers to enter into long-term agreements with steel manufacturers and ensure ... Read more...

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