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 crude steel output went up in 2011
January 23rd, 2012 - 1:50 pm ICT by IANS
Beijing, Jan 23 (IANS) China's crude steel output increased 8.9 percent year-on-year to 683.27 million tonnes last year, 0.4 percentage points slower than the growth rate of 2010, according to ... Read more...
Posted in Business |
China’s steel output up in first three quarters
October 22nd, 2011 - 4:50 pm ICT by IANS
Beijing, Oct 22 (IANS) China's crude steel output climbed 10.7 percent year-on-year in first three quarters to 525.74 million tonnes, according to latest data provided by the country's top economic ... Read more...
Posted in Business |
No immediate hike in prices: Tata Steel
August 5th, 2011 - 11:55 pm ICT by IANS
Kolkata, Aug 5 (IANS) Tata Steel Friday ruled out any immediate hike in steel prices though it saw a 9 percent demand growth of the alloy in the coming fiscal.... Read more...
Posted in Business |
Tata Steel’s Jamshedpur plant to be modernised
August 5th, 2011 - 11:51 pm ICT by IANS
Kolkata, Aug 5 (IANS) Tata Steel would pump in Rs.8,000 crore this fiscal for modernisation and capacity expansion of its Jamshedpur plant to 10 million tonnes from 6.8 million tonnes, ... Read more...
Posted in Business |
Amethi to get ‘India’s most modern steel plant’
January 27th, 2011 - 8:54 pm ICT by IANS
Lucknow, Jan 27 (IANS) "India's most modern steel plant" is being planned in Jagdishpur area of Congress leader Rahul Gandhi's Amethi constituency, Steel Minister Beni Prasad Verma said Thursday."We are ... Read more...
Posted in Business |
Car-makers to increase prices from January
January 1st, 2011 - 5:54 pm ICT by IANS
New Delhi, Jan 1 (IANS) Car buyers will have to shell out a bit more this year with major auto makers poised to increase the prices of their vehicles citing rise in ... Read more...
Posted in Business |
Sale of flats declining in first half of this fiscal: Study
October 6th, 2010 - 10:01 pm ICT by IANS
New Delhi, Oct 6 (IANS) There has been a huge decline in the sale of flats and apartments across seven major cities of 25 major real estate developers in the first half ... Read more...
Posted in Business |
Tata Steel not selling African unit: Nerurkar
September 8th, 2010 - 5:15 pm ICT by IANS
Kolkata, Sep 8 (IANS) Steel major Tata Steel is not selling its South African unit, a top company official said here Wednesday.
"We are not selling the plant...we are always approached by the ... Read more...
Posted in Business |
Prices of steel would soon stabilize: Virbhadra Singh
May 2nd, 2010 - 12:53 pm ICT by ANI
Dharamsala (Himachal Pradesh), May 2 (ANI): Union Minister of Steel Virbhadra Singh has said prices of steel in India would soon stabilize."I think within two or three months the steel prices will ... Read more...
Posted in National |
ArcelorMittal sees strong rebound in second quarter
April 29th, 2010 - 3:11 pm ICT by IANS
New Delhi, April 29 (IANS) The world's largest steel maker, ArcelorMittal, Thursday said margins would improve substantially during the April-June quarter due to stronger demand in all main markets after a ... Read more...
Posted in Business |
BHEL boiler auxiliaries division cuts cost, raises profit
April 5th, 2010 - 3:50 pm ICT by IANS
Chennai, April 5 (IANS) Strategic sourcing and value engineering in production have helped Bharat Heavy Electricals Ltd's (BHEL) boiler auxiliaries division at Ranipet near here to cut cost substantially and increase ... Read more...
Posted in Business |
Centre has no control over steel prices, says Virbhadra Singh
March 21st, 2010 - 10:35 pm ICT by ANI
Kullu (Himachal Pradesh), Mar 21(ANI): Union Steel Minister Virbhadra Singh on Sunday said that the Centre has no control over the pricing of steel as it is the market forces which ... Read more...
Posted in National |
Steel Authority sees no further steel price rise
February 4th, 2010 - 9:22 pm ICT by IANS
Kolkata, Feb 4 (IANS) The state-owned Steel Authority of India Ltd (SAIL) Thursday said it did not foresee any immediate escalation in steel prices.
SAIL increased the price of its flat products by ... Read more...
Posted in Business |
Steel prices will remain stable, says Tata Steel
January 22nd, 2010 - 5:39 pm ICT by IANS
Kolkata, Jan 22 (IANS) Tata Steel managing director H.M. Nerurkar Friday said steel prices will remain stable in the last quarter of January-March this fiscal.
He said the company would review the prices ... 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 |
Usha Martin net falls to Rs.14.65 crore
October 28th, 2009 - 7:28 pm ICT by IANS
Kolkata, Oct 28 (IANS) Speciality steel and wire rope manufacturer Usha Martin posted a net profit of Rs.14.65 crore in the second quarter this financial year, down from the Rs.41.85 crore it ... Read more...
Posted in Business |
Global demand subdued, SAIL to freeze prices
September 25th, 2009 - 4:28 pm ICT by IANS
New Delhi, Sep 25 (IANS) The state-owned Steel Authority of India Ltd (SAIL) is unlikely to hike prices of its products because of softening demand in international markets.
"International steel prices are cooling ... Read more...
Posted in Business |
Tata Steel posts Rs.2,239 crore loss in first quarter
August 27th, 2009 - 7:59 pm ICT by IANS
Mumbai, Aug 27 (IANS) Leading steel maker Tata Steel Thursday said it posted a consolidated loss of Rs.2,239 crore (Rs.22.39 billion/$448 million) in the first quarter this fiscal as compared a profit ... Read more...
Posted in Business |
Modernisation of steel plants top priority: Minister
June 12th, 2009 - 8:15 pm ICT by IANS
Shimla, June 12 (IANS) Expansion and modernisation of state-run steel plants to double their output are among the top priorities of the government, Steel Minister Virbhadra Singh said here Friday.
"Our main priority ... Read more...
Posted in Business |
Government again warns against steel price hike
June 11th, 2009 - 7:35 pm ICT by IANS
Mumbai, June 11 (IANS) Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here ... Read more...
Posted in Business |
Steel minister okay with divestment, has identified units
June 10th, 2009 - 8:12 pm ICT by IANS
New Delhi, Jun 10 (IANS) Steel Minister Virbhadra Singh Wednesday pushed for divestment of stake in companies under his ministry and said he would take up the issue of adequate supplies of ... Read more...
Posted in Business |
Steel czar Lakshmi Mittal is top soccer billionaire
April 12th, 2009 - 7:43 pm ICT by IANS
By Arun Kumar
Washington, April 12 (IANS) Despite plunging steel prices, Indian-born steel czar Lakshmi Mittal with a net worth of $19.3 billion remains the world's richest soccer club owner in the Forbes ... Read more...
Posted in Business |
2009 will be make or break year for Lakshmi Mittal
March 29th, 2009 - 2:57 pm ICT by IANS
By Surender Bhutani
Warsaw, March 29 (IANS) With the steel industry shrouded in doom and gloom, Arcelor Mittal chairman Lakshmi Mittal may have to make major adjustments in his steel empire this year, ... Read more...
Posted in World |
Tata Steel expects 10-15 percent sales growth in February
February 13th, 2009 - 4:40 pm ICT by IANS
Kolkata, Feb 13 (IANS) Tata Steel expects its February sales to grow 10-15 percent as compared to last month on the back of falling steel prices.
"In light of what ... Read more...
Posted in Uncategorized |
Usha Martin plans to cut steel production cost from March
January 29th, 2009 - 9:58 pm ICT by IANS
Kolkata, Jan 29 (IANS) Speciality steel and wire rope producer Usha Martin is planning to scale down cost of steel production from March, aimed at increasing its operating margin, a top company ... Read more...
Posted in Uncategorized |
Indian bicycle industry expanding
January 28th, 2009 - 11:31 pm ICT by ANI
By Karan Kapoor
Ludhiana, Jan.28 (ANI): Not many may know but India is the largest bicycle manufacturer in the world after China. The industry, having an annual turnover of over 1.2 million ... Read more...
Posted in National |
TATA-Corus to sack 3,500 employees
January 26th, 2009 - 7:02 pm ICT by ANI
London, Jan.26 (ANI): European steelmaker Corus, which has a joint venture partnership with India''s TATA Steel, is to sack 3,500 employees in the wake of the global recession showing no signs ... Read more...
Posted in Business |
Auckland’s Eden Park threatened with loss of name
December 29th, 2008 - 2:30 pm ICT by IANS
London, Dec 29 (IANS) Auckland's Eden Park, one of the most recognisable stadiums in the world, is under threat of losing its name as the owners have engaged consultants to establish the ... Read more...
Posted in Sports |
Tough times for forging industry as auto sector suffers
November 25th, 2008 - 3:00 pm ICT by IANS
Chennai, Nov 25 (IANS) With the domestic and global auto industry on a downslide and units running at 15-50 percent of their capacity, many forging units are facing the threat of closure, ... Read more...
Posted in Business |
Mukesh Ambani replaces LN Mittal as richest Indian
November 13th, 2008 - 2:11 pm ICT by ANI
New Delhi, Nov 13 (ANI): Mukesh Ambani has replaced steel magnate Lakshmi Niwas Mittal as the richest Indian in the world, according to the latest Forbes annual rich list for the ... 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...
Posted in Uncategorized |
Stone India at final bid stage for European firm
September 8th, 2008 - 7:34 pm ICT by IANS
Kolkata, Sep 8 (IANS) Stone India Ltd, a G.P. Goenka group-company, is in the "final bidding stage" of acquiring a European railway equipment maker, said a top company official here Monday."The European ... Read more...
Posted in Uncategorized |
Government hints at steps to stabilise steel prices
September 1st, 2008 - 5:25 pm ICT by IANS
New Delhi, Sep 1 (IANS) With economic growth slowing down and inflation soaring, the government Monday hinted at more measures to stabilise steel prices.At a function here Monday, Steel Minister Ram Vilas ... Read more...
Posted in Uncategorized |