SIMA proposes to increase basic customs duty on steel melting scrap to 10% in...
Mumbai: Industrial body Sponge Iron Manufacturers Association (SIMA) has proposed an increase of basic customs duty on steel melting scrap from 0-10% in Budget 2013. “India’s import of scrap may touch...
View ArticleTata Steel to establish 22mn pound manufacturing unit in Rotherham
Brinsworth: Tata Steel in a joint venture plans to develop a 22 million pounds manufacturing facility at Brinsworth site in Rotherham. The facility will be equipped with ground-breaking green...
View ArticleWSA outlines fall in global steel output
Mumbai: Pacing through the dwindling market scenario, the global steel production registered a meager rise of just 0.8% in January to 125 million tonee (MT). The contribution from India towards the...
View ArticleSAIL to invest Rs10,284 crore for developing iron ore mines
KOLKATA: The Steel Authority of India Limited (SAIL) plans to invest an additional Rs10,284 crore for the development of its mines, under the Raw Material Division (RMD), to further increase the...
View ArticleEssar Steel introduces hi-end steel plates to boost India’s energy sector
‘Mumbai: Aiming to explore the business potentials prevalent in the country’s infra segment, Essar Steel has launched its new range of hi-end branded steel plate products. The products are specifically...
View ArticleIndian steelmakers demand for protection from cheap imports
Mumbai: Pacing through the dwindled market scenario, steel makers in India are seeking for economic protection from cheap imports. According to the steel moguls like Jindal Stainless and Steel...
View ArticleJSPL plans to enhance stake in Aussie’s Apollo Minerals
Mumbai: Jindal Steel and Power Ltd plans to increase its stake in Australia’s Apollo Minerals to 11.70% by acquiring an additional 10 million shares of the firm for about Rs2.20 crore. Confirming the...
View ArticleFICCI seeks customs duty exemption on LNG to aid steel manufacturers
New Delhi: The Federation of Indian Chambers of Commerce and Industry (FICCI) submitted a memorandum before the government seeking exemption of customs duty on Liquefied Natural Gas used for steel...
View ArticleBudget 2013 ignore demands of sponge iron manufacturers
New Delhi: The Budget 2013 though did not provide any surprise elements; the Finance Minister paid a deaf ear to the demands from the domestic sponge iron producers. The segment which is an important...
View ArticleArcelorMittal to implement Phase-II of Liberian expansion
Liberia: One amongst the largest steel manufacturers, Arcelor Mittal plans to implement second phase of its mining operations in Liberia. The initiative is expected to augment the company’s iron ore...
View ArticleTata Steel seeks financial aid for Ivory Coast for railroad project
Mumbai: Indian steel giant Tata Steel has formed a consortium to finance construction of a railway line from its iron concessions in western Ivory Coast to the port of San Pedro. The company is...
View ArticleJSW Steel to commission Phase-I of 2.3 MT this Sept
Mumbai: JSW Steel plans to commission first phase of its new 2.3 million tonnes plant by this September. The plant will produce high-grade automotive steel. The new plant will gain an investment of...
View ArticleTata Steel inks pact with Canadian Labrador Mines
Mumbai: Tata Steel has entered into a strategic pact worth C$30 million with Labrador Iron Mines Holdings (LIM), wherein the agreement involves transfer of 51% stake in one amongst the deposits owned...
View ArticleIndian steel ministry to focus more upon iron ore pelletization
Mumbai: Indian Steel ministry has called for more focus on iron ore pelletization and utilization of low-grade fines to support the domestic industry. Iron ore exploration in India has so far been...
View ArticleSteel industry unlikely to post any significant improvement: ICRA
Mumbai: Steel industry growth is expected to remain muted with subdued demand from consuming sectors such as infrastructure and realty; outlines the recent ICRA research report. Moreover, the...
View ArticleJSPL to enhance Raigarh plant by 7 MTPA
Raigarh: Jindal Steel and Power Ltd (JSPL) aims to enhance the steel-making capacity of its Raigarh plant in Chhattisgarh by 7 million tonnes per annum (MTPA). The manufacturing potential to be...
View ArticleGerdau SA seeks more Indian ventures
Hyderabad: After acquiring 99% share in the first joint venture in India with Kalyani Steels, Brazilian steel major Gerdau SA is looking for more acquisitions. The company further aims to enhance its...
View ArticleJSPL targets majority stake in Aussie Apollo Minerals
Mumbai: Jindal Steel and Power Ltd (JSPL) plans to acquire majority stake in iron ore assets of Australian firm Apollo Minerals over an investment of about Rs56 crore. As per the said deal, Apollo...
View ArticleExempt import duties on iron ore: Assocham
Mumbai: The Associated Chambers of Commerce and Industry of India (Assocham) has put forth demand easing the duties on iron ore imports. “Basic custom duty (BCD) and countervailing duty (CVD) exemption...
View ArticleParliamentary panel asks to reiterate merger of RINL & SAIL
New Delhi: A Parliamentary panel out forth a proposal before the government to consider the merging of Rashtrya Ispat Nigam (RINL) and Steel Authority of India (SAIL). The merger is expected to aid the...
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