steel producer

Essar Group doubles steel capacity at Hazira, Gujarat


February 24th, 2012 - 1:57 pm ICT by IANS
Hazira (Gujarat), Feb 24 (IANS) The Ruias-controlled Essar Group has doubled its steel-manufacturing capacity at this port town in south Gujarat to 10 million tonnes annually, making the unit the ... Read more...

Posted in Business |

Ukraine boosts steel output in 2011


January 24th, 2012 - 2:41 pm ICT by IANS
Kiev, Jan 24 (IANS) Ukraine boosted its production of crude steel by 5.7 percent to 35.3 million tonnes in 2011, said a report by the World Steel Association (WSA).Ukraine is ... 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 |

One killed, 30 injured in China gas leak


January 17th, 2012 - 4:05 am ICT by IANS
Beijing, Jan 17 (IANS) One person was killed and nearly 30 were injured after carbon monoxide gas leaked in a steel company in northeast China late Monday night, said local ... Read more...

Posted in World |

Ukraine mine blast toll rises to 24


July 31st, 2011 - 1:27 am ICT by IANS
Moscow, July 30 (IANS/RIA Novosti) The toll in the Sukhodilska-Vostochnaya mine blast in Ukraine's Luhansk region has reached 24, the Ukrainian Emergencies Ministry said Saturday."As of 8.30 p.m. July 30, ... Read more...

Posted in World |

16 die in Ukraine mine blast


July 29th, 2011 - 1:34 pm ICT by IANS
Moscow, July 29 (IANS/RIA Novosti) At least 16 miners were killed Friday after an explosion ripped through a mine in eastern Ukraine, authorities said.Ten miners remain missing after the blast ... Read more...

Posted in Uncategorized |

Tata Steel gets $130 million after arbitration settlement


June 22nd, 2011 - 8:20 pm ICT by IANS
Mumbai, June 22 (IANS) India's largest private steel maker Tata Steel Wednesday said it had received $130 million following arbitration proceedings between its UK-based subsidiary and some buyers who broke ... Read more...

Posted in Business |

New steel policy expected after six months


May 4th, 2011 - 10:24 pm ICT by IANS
Kolkata, May 4 (IANS) The Indian government is expected to come up with a new National Steel Policy after six months to meet the growing demand of steel, a government ... Read more...

Posted in Business |

Arcelor-Mittal signs $6 bn credit facility agreement


March 22nd, 2011 - 6:43 pm ICT by IANS
New Delhi, March 22 (IANS) World's leading steel producer Arcelor-Mittal Tuesday said it has signed a new five-year credit agreement with leading international banks worth $6 billion, which would replace ... Read more...

Posted in Uncategorized |

SAIL to surpass sales target in 2010-11


March 15th, 2011 - 8:25 pm ICT by IANS
New Delhi, March 15 (IANS) The government-run Steel Authority of India Limited (SAIL) is set to surpass its production target for the current fiscal (2010-11) by over four percent on ... Read more...

Posted in Business |

Talks on for major SAIL unit at Jagdishpur (With Images)


March 15th, 2011 - 2:03 pm ICT by IANS
Lucknow, March 15 (IANS) The government is examining a proposal for an integrated steel unit and a 1,000 MW power plant at the Jagdishpur facility of the Steel Authority ... Read more...

Posted in Business |

JSW to buy Ispat to become India’s largest steel producer


December 21st, 2010 - 7:05 pm ICT by IANS
Mumbai, Dec 21 (IANS) Sajjan Jindal-led JSW Steel Tuesday said it will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India's largest producer of ... Read more...

Posted in Business |

Japanese firm to help develop specialty steel in India


November 12th, 2010 - 6:28 pm ICT by IANS
New Delhi, Nov 12 (IANS) Sunflag Iron and Steel, which supplies components to leading auto manufacturers like General Motors, Maruti Suzuki, Toyota and Nissan, has signed an agreement with Japanese firm Daido ... 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 |

India needs to raise steel production 208 percent: Jindal


August 12th, 2010 - 8:37 pm ICT by IANS
New Delhi, Aug 12 (IANS) India has to raise its steel production 208 percent to meet the need for 200 million tonnes by 2020 from the present 65 million tonnes. This was disclosed ... Read more...

Posted in Business |

Economic highlights of UPA’s second tenure


June 1st, 2010 - 10:08 pm ICT by IANS
New Delhi, June 1 (IANS) The following are the economic highlights of the United Progressive Alliance (UPA) government's second tenure under Prime Minister Manmohan Singh, as spelt out in the 68-page ... Read more...

Posted in Business |

Bhilai plant produced 5.37 m tonnes hot metal in 2009-10


April 3rd, 2010 - 11:27 pm ICT by IANS
Raipur, April 3 (IANS) Bhilai Steel Plant, the highest profit making unit of India's largest public sector steel producer, Steel Authority of India Ltd (SAIL), has ended its 2009-10 fiscal year with ... Read more...

Posted in Business |

SAIL to form venture with Shipping Corporation


March 30th, 2010 - 2:19 pm ICT by IANS
New Delhi, March 30 (IANS) Steel Authority of India Ltd (SAIL) will form a joint venture company (JVC) with the Shipping Corporation of India (SCI) that will cater to the growing raw ... Read more...

Posted in Business |

Jindal to invest $10 bn in Orissa project


March 23rd, 2010 - 12:43 pm ICT by IANS
Bhubaneswar, March 23 (IANS) Jindal Steel and Power will invest $10 billion to set up a coal-to-liquid plant and a 2,000 MW thermal power plant in the state, the company's Managing Director ... Read more...

Posted in Business |

India will become 2nd largest steel maker by 2012: Virbhadra Singh (Interview)


February 10th, 2010 - 1:40 pm ICT by IANS
By Arvind Padmanabhan New Delhi, Feb 10 (IANS) India will become the world's second largest steel producer by 2012, more than doubling its capacity of 57 million tonnes as part of push being ... 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 donates $100,000 to Haiti victims


January 20th, 2010 - 12:58 pm ICT by IANS
Toronto, Jan 20 (IANS) The ArcelorMittal Global Foundation, set up by the world's biggest steel company, has announced to donate $100,000 to relief work for the victims of last week's earthquake ... 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 |

POSCO-India denies rumours of shifting its 12bn dollars project from Orissa


August 27th, 2009 - 3:45 pm ICT by ANI
Bhubaneshwar, Aug.27 (ANI): The world's fourth largest steel producer POSCO has denied reports of plans to shift the 12 billion dollars steel project, India's largest foreign direct investment, from Orissa state.Chairman of ... Read more...

Posted in National |

Foreign investor interest in Indian firms rising


July 21st, 2009 - 5:18 pm ICT by IANS
New Delhi, July 21 (IANS) Three Indian companies have raised over $2 billion in two weeks through the depository receipt route, strengthening belief that foreign investors are once again looking at Indian ... Read more...

Posted in Business |

Tata Steel to raise $500 mn from global investors


July 21st, 2009 - 2:54 pm ICT by IANS
New Delhi, July 21 (IANS) India's leading private steel producer Tata Steel will make one of India's biggest offers for global depository receipts in recent years, hoping to raise $500 million to ... Read more...

Posted in Business |

India’s steel output to touch 124 mt by 2011-12: Minister


July 11th, 2009 - 9:12 pm ICT by IANS
Bhilai (Chhattisgarh), July 11 (IANS) India's steel production will surge to 124 million tonnes (MT) per annum by 2011-12 from the current figure of 65 mt, Steel Minister Virbhadra Singh said ... Read more...

Posted in Business |

Industry calls for more customs duty on steel


June 28th, 2009 - 2:54 pm ICT by IANS
New Delhi, June 28 (IANS) A leading industry body has called for increasing customs duty on steel from 5 percent to 10 percent as consumption of local steel by domestic users was ... 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 steel net down 60 percent


June 25th, 2009 - 10:25 pm ICT by IANS
New Delhi, June 25 (IANS) Tata Steel, India's largest steel producer, Thursday reported 60 percent fall in its consolidated profit for 2008-09. The steel major's net profit stood at Rs.49.51 billion ($1 billion) ... Read more...

Posted in Business |

Tata Steel sees domestic demand growth this fiscal


April 10th, 2009 - 9:44 pm ICT by IANS
Kolkata, April 10 (IANS) Despite the present global economic slowdown, the country's largest steel producer Tata Steel expects 4-5 percent growth in domestic demand in 2009-10, a top company official said here ... Read more...

Posted in Business |

Rahul is a rising sun, says Paswan


February 27th, 2009 - 9:08 pm ICT by IANS
Jagdishpur (Uttar Pradesh), Feb 27 (IANS) Congress general secretary Rahul Gandhi Friday drew high praise from union Steel Minister Ram Vilas Paswan, who called him "India's future" and asked people to bless ... Read more...

Posted in Politics |

ArcelorMittal workers demonstrate against job losses


February 11th, 2009 - 12:23 pm ICT by IANS
The steel producer is axing 9,000 jobs across the globe. About 6,000 jobs are going in Europe, according to the Belgian 'Flandersnews' website.Many steel workers already have to sign on temporarily ... Read more...

Posted in Uncategorized |

Paswan urges steel authorities to face up to challenges


February 3rd, 2009 - 8:05 pm ICT by ANI
New Delhi, Feb 3, (ANI): Steel Chemicals and Fertilizers Minister Ram Vilas Paswan on Tuesday urged the Steel Authority of India (SAIL) to face up to challenges confronting the steel sector ... Read more...

Posted in National |

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