Last Updated: Wednesday, April 23, 2014, 15:03
India, the world's fourth largest steel maker, produced 7.25 million tonnes (MT) or just over five percent of the total global output in March, according to World Steel Association (WSA).
Last Updated: Sunday, December 15, 2013, 19:54
India needs investment of USD 210 billion over the next decade to achieve the steel production capacity of 300 million tonnes per annum by 2025 from the current 90 MT, according to C S Varma, chairman and managing director of Steel Authority of India.
Last Updated: Sunday, November 24, 2013, 16:21
The Steel Ministry is of the view that India will have to import iron ore in the immediate future to meet significantly increasing demand from domestic companies.
Last Updated: Tuesday, July 30, 2013, 09:37
The US Department of Commerce has opened a probe into allegations that India and eight other countries are illegally selling steel pipe at an unfairly low prices in America.
Last Updated: Monday, July 22, 2013, 20:08
World's average steel production grew by 1.9 percent, more than double the rate India clocked, raising possibility of spurt in imports to keep pace with demand in the country.
Last Updated: Tuesday, July 09, 2013, 20:59
Government on Tuesday set a target of trebling steel production capacity to 300 million tonne by 2025 amidst Prime Minister Manmohan Singh's assertion that boost to manufacturing sector is key to achieving 8-9 percent growth.
Last Updated: Thursday, June 20, 2013, 19:40
Bucking the trend, India's steel production growth rate in May at just 1.5 percent slipped below the global average of 2.6 percent.
Last Updated: Monday, February 11, 2013, 18:24
The decision was taken during a visit of Steel Minister Beni Prasad Verma-led Indian delegation to Brazil last week, in which a letter of intent (LoI) was signed to strengthen cooperation between the two nations in steel and mining sectors, an official statement said.
Last Updated: Monday, February 04, 2013, 20:55
"Some prominent overseas steel makers are keen to buy Indian steel story that ensures steady growth for next 30 years. They are keen to buy stakes in steel firms here which have 2-3 million tonnes per annum capacity," Ernst & Young's National Leader (Mining and Metals) Anjani Agrawal said.
Last Updated: Friday, January 25, 2013, 18:17
India's 33 percent growth in steel production in the last five years at was second only to China among the top-five producing nations.
Last Updated: Wednesday, January 23, 2013, 18:13
India's rank in the world order of steel production remained unchanged at fourth slot with an output of 76.7 million tonnes, despite logging the highest growth of 4.2 percent among major producing nations in 2012.
Last Updated: Wednesday, January 16, 2013, 18:29
Domestic steel demand is likely to grow by 6.7 percent annually till 2016-17, faster than the expected growth in Chinese demand during the same period, according to a report on steel industry by CARE Research.
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