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 Steel sector must gear up, face global competition: Steel Minister

Steel sector must gear up, face global competition: Steel Minister

Asserting that the steel sector has started "stabilising", Steel Minister Chaudhary Birendra Singh on Sunday said the industry must gear up to face global competition as protectionist measures like minimum import price (MIP) and anti-dumping can not continue indefinitely.

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. 

Hike import duty on flat products: Stainless steel industry

Stainless steel industry body Indian Stainless Steel Development Association (ISSDA) has demanded a hike in import duty on stainless steel flat products and abolition of import duty on key raw materials, including ferro nickel.

New porous graphene material stronger, lighter than steel

New porous graphene material stronger, lighter than steel

Researchers at Massachusetts Institute of Technology in the US analysed the material's behaviour down to the level of individual atoms within the structure.

SAIL's steel production up 15% at 10 MT in April-December

The country's largest steel maker SAIL Wednesday said it has produced 10.18 million tonnes of saleable steel in April to December period of the current fiscal, registering a 15 per cent growth over the year-ago period.

India's core infrastructure sector growth rises to 4.9% in November

India's core infrastructure sector growth rises to 4.9% in November

Infrastructure sector recorded a growth rate of 4.9 percent in November on the back of impressive performance by steel, electricity and coal products.

SAIL Q1 net loss widens; sees steel demand to rise in H2 FY'17

India's largest steelmaker SAIL Thursday said its standalone net loss widened to Rs 534.92 crore in the June quarter this fiscal on account of a dip in sales realisation and higher interest and depreciation charges.

July core sector growth at 3.2% vs 5.2% in June

July core sector growth at 3.2% vs 5.2% in June

Infrastructure sector grew at 3.2 percent in July mainly because of improvement in performance of energy sector, especially refinery output.

EU hits China, Russia with steel anti-dumping duties

The European Union today hit China and Russia with anti-dumping duties on cold rolled steel imports after complaints by EU producers they were being forced out of the market.

Steel industry owes Rs 3,00,000 crore to banks

Steel industry owes Rs 3,00,000 crore to banks

The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country.

Sanjeev Gupta meets UK biz minister Sajid Javid on Tata Steel UK buyout

Sanjeev Gupta meets UK biz minister Sajid Javid on Tata Steel UK buyout

Having evinced interest in acquiring certain assets of Tata Steel UK, Indian-origin businessman Sanjeev Gupta Tuesday met UK's Business Secretary Sajid Javid and said he is waiting for Tatas to start the "sales process" and promised that there will not be any major job cuts.

ArcelorMittal raises $3 billion via rights issue

Steel giant ArcelorMittal said it has successfully completed a USD 3 billion rights issue, proceeds of which will be utilised to pare debt.

Nalco registers record bauxite, alumina production

Public sector Nalco has clocked a record production of alumina and bauxite in fiscal 2015-16.

Tata Steel puts UK biz on block; Govt, unions hunt for options

Tata Steel puts UK biz on block; Govt, unions hunt for options

Tata Steel has put its entire UK business on the block, putting thousands of jobs at risk amid a deepening crisis in the country's once-storied sector that the Indian conglomerate had entered nearly a decade ago with a USD 14-billion takeover with much fanfare.

Gold falls to one-month low as dollar gains on Fed hike view

Gold falls to one-month low as dollar gains on Fed hike view

Gold dropped to its weakest in a month on Monday, pressured by a firmer dollar following hawkish comments from U.S. Federal Reserve officials that suggested at least two interest rate hikes this year, with the first potentially coming next month.

Steel consumption drops in Feb, first time since Nov 2015

Steel consumption drops in Feb, first time since Nov 2015

India's domestic steel consumption in February fell for the first time in the last three months by almost 2 percent to 6.84 mt, something that doesn't augur well for the industry, which is banking on demand to pick up to spur growth

SAIL Q3 net loss at Rs 1,529 crore on low income, import surge

SAIL Q3 net loss at Rs 1,529 crore on low income, import surge

Lower sales on account of "huge surge in imports of low-priced steel" from countries including China saw steel giant SAIL log a massive Rs 1,528.7 crore stand-alone net loss for the December quarter.

Coal linkages to cement, steel sectors via auction: Cabinet

Coal linkages to cement, steel sectors via auction: Cabinet

Allocation of coal linkages for the non-regulated sector, which includes steel and cement, will be only through the auction route to ensure transparency, government said Wednesday.

China crude steel output falls for first time in 34 years

China`s crude steel output fell last year for the first time since 1981, official figures and reports said Tuesday, amid a wider slowdown in the country`s economy and European accusations of dumping.

Government may fix minimum import price for steel products this week

Government may fix minimum import price for steel products this week

Ministries of Commerce and Steel are close to finalising the minimum import price of about 30-35 steel products, which is likely to be announced this week.