Page 8 - Steel Industry

Liberty Steel nationalisation 'an option' to save jobs, says UK govt

Business Secretary Kwasi Kwarteng has been in crisis talks with the firm since the collapse of its biggest lender, Greensill Capital, put nearly 5,000 jobs at risk

Gupta's Liberty Steel to restart operations, in talks with UK government

Sanjeev Gupta's Liberty Steel UK plans to restart steelmaking next week and continues to seek new funding after its main financial backer Greensill Capital went into insolvency, it said on Monday

Steel rising in the east: JSW, AM/NS India waiting to set foot in Odisha

Two steel majors will be expanding their presence in the iron ore-rich region just as global raw material prices touch new highs

Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil

The outstanding debt of steelmakers is pegged at Rs 2.15 trillion at end of March 2020

Posco's steel plant in India faces disruption, hampers auto supply chain

A local politician leading the protests said they have blocked employees and goods from entering the plant and will continue until Posco heeds to some of their requests

Just how big and important is Sanjeev Gupta's metals biz empire?

On Monday, Gupta's group had told Greensill in February that it would be insolvent without its funding.

JSW Steel crude steel production at 1.3 mn tn in Feb, down 1% from last yr

JSW Steel reported crude steel production of 1.3 million tonnes in February, down by 1 per cent from 1.32 million tonnes in the same month of previous year

Tata Steel backs new global framework for decarbonising heavy industries

Tata Steel said it has joined a network of heavy industries and civil society groups that will provide a global framework for decarbonising heavy industries as part of the Covid-19 recovery plan.

Eight core industries' output up 0.1% in January

The rise came on the back of growth in the production of fertiliser, steel and electricity

Positive cues from China to keep steel prices, demand and supply in balance

China's opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January

Thyssenkrupp ends talks with Britain's Liberty on steel unit sale

The move comes after Sweden's SSAB last month abandoned plans to buy the Dutch operations of India's Tata Steel

Strong demand, low inventory to support domestic steel prices: Report

Strong domestic demand along with low finished inventory are expected to support domestic steel prices, Motilal Oswal Financial Services said in a report.

Duty cut on steel products to exert near-term pressure in Indian cos: Icra

Decision will make imports competitive, Chinese firms may gain

Record steel prices help firms acquired under insolvency code out of red

Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018

ArcelorMittal Nippon Steel India inks pact with POSCO Maharashtra Steel

The pact is to supply hot rolled coils

Gadkari calls for research to explore cheaper options to cement, steel

This comes amid rising steel prices in the country

New regulators: Careful what you wish for

If past experience is anything to go by, creating a new sectoral regulator for a specific industry is more likely to undermine the objective of combating anti-competitive conduct

Big steel, cement companies are operating as a cartel: Nitin Gadkari

It will be difficult to achieve Prime Minister Narendra Modi's dream of making India a $5 trillion economy if the steel and cement prices keep going up, Gadkari said

Steel companies raise prices by upto Rs 2,400 a tonne, more hikes expected

Since India entered the unlocking phase, steel prices have been on a continuous uptrend

India's steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009