Tata Steel targets 1 MT iron ore production from Canada project
Mumbai: Targeting to enhance the supply of raw materials towards the European operations, TATA Steel plans to generate 1 MT iron ore from its project in Canada within the current fiscal. The company...
View ArticleIndia’s steel consumption to grow by 5% in FY13: Tata Steel
Mumbai: Owing to the slowdown in the demand from real estate and automobile sectors, Tata Steel anticipates the steel consumption in India to grow only by 5% in the current fiscal. Commenting on the...
View ArticleSnail pace growth in India’s steel consumption
Mumbai: Owing to the poor offtake by the construction and automobile sectors, India’s steel consumption registered a flat index for the first six months of the current fiscal. According to the official...
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We need to focus on ‘Green Steel’ production: Steel Minister
New Delhi: Environment friendly steel production is a big part of the philosophy of Indian steel manufacturers and we need to take this forward by focusing on ‘Green Steel’ production, urges Union...
View ArticleTata Steel to increase production to 10 MT
NEW DELHI: The Jamshedpur steel plant belonging to Tata Steel will see an increase to 10 MT in the production capacity by 2013-14. Currently at 7 MT of which 3 MT belongs to long whole 4 MT belongs to...
View Article5% increase to 2.367 MT in steel exports
NEW DELHI: When compared to the same period in last year, India’s steel exports during the first six months of the current fiscal rose by 5 per cent to 2.367 MT. According to the Joint Plan Committee’s...
View ArticleUttam Galva gains majority stake in Lloyds Steel, to shed Rs380 cr more
Mumbai: As a relief to Lloyds Steel dwindling scenario, Uttam Galva group attained a majority stake of about 58.35% in the company and also plans to shed an additional investment of Rs380 crore in the...
View ArticleElectrosteel Steels plans capacity expansion at Bokaro steel plant
New Delhi: Electrosteel Steels (ESL) plans to enhance capacity of it new steel plant at Bokaro in Jharkhand by 2013, the company official said. The company has outlined investment of Rs2,400 crore on...
View ArticleRINL’s navratna status extended by one year
New Delhi: Government extended navratna status to Rashtriya Ispat Nigam Ltd (RINL) by one year, enabling the company to enjoy greater financial and functional autonomy. “While reposing the confidence...
View ArticleEssar completes 9000T steel plate supply to North Sea
Mumbai: Essar Steel has commenced the supply of 9000 tonnes of high quality steel plates for a subsea tankage project being executed in the North Sea for Premier Oil, UK by Dry Docks World Dubai. The...
View ArticleW Bengal demands national iron-policy to aid steel industry
Kolkata: The West Bengal government has put forth demands to implement a national iron-ore policy for ensuring equitable distribution of the resources to feed the steel industry in all states. “We have...
View ArticleGovt to prioritize power & steel plants in coal starved states
New Delhi: The Central government is all set to prioritize power and steel plants of state-run entities like NTPC and Steel Authority of India, which are ready for operations and are being established...
View ArticleIndia 4th largest steel producer, to be 2nd major by 2015
Mumbai: Despite the sluggish scenario prevailing in the infra-construction segment, the country has scaled to 4th position from the 8th position (2003) in the steel sector. As per the information...
View ArticleNMDC slashes cost on iron ore lumps by 5.8%
Mumbai: State-run NMDC Ltd has slashed the prices of iron ore lumps for January by 5.8%, disclosed a senior official from the company. However, the company has not made any amendments or modification...
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SAIL commissions sinter unit at Bhilai Plant
New Delhi: As part of Rs17,265 crore modernization plan, Steel Authority of India (SAIL) today commissioned a new sinter unit at its flagship Bhilai plant. The Rs730 crore new facility has capacity to...
View ArticleSteel Slag: An Alternative for Road Development
In an integrated steel plant, around 2-4 tonnes of wastes is generated for every tonne of steel produced. Large quantities of slag are generated from the iron making and steel making process. While...
View ArticleCentre to look security issue of Rowghat mine
The Centre will soon look into SAIL’s proposal to include security expenses in the project cost of developing the Rowghat mine in Chhattisgarh. The Naxals are very strong in the area. Recently SAIL has...
View ArticleEssar Steel to Raise $ 2 Billion
Essar Steel, part of the diversified Essar Group, hopes to raise USD 2 billion from overseas by the end of first quarter of the current financial year, to retire the rupee debt, which will help reduce...
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JSW Steel’s Vijaynagar Plant bags PM’s trophy for Excellence in performance
Mumbai: JSW Steel’s Vijayanagar plant situated in Karnataka has been bestowed with the prestigious Prime Minister’s Trophy for excellence in performance for the year 2012-13. The Vijayanagar unit is...
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Steel production rises 7.9% in past five years
New Delhi: Indian steel production has registered compound annual growth rate of 7.9 % in the past five years on back of rise in consumption and high utlisation ratio, according to Economic Survey. “In...
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