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Sanjeev Gupta keen on acquiring Tata Steel's Port Talbot plants

Sanjeev Gupta keen on acquiring Tata Steel's Port Talbot plants

UK-based Indian steel tycoon Sanjeev Gupta has come to the rescue of the troubled Tata Steel by opening discussions with owners of the steel giant to acquire its plants at Port Talbot, Britain's largest employing some 4,000 people

Lakshmi Mittal's S African steel plant in government bailout

The South African arm of Indian steel magnate Lakshmi Mittal's business empire has received a bailout from government interventions after earlier being at loggerheads with it over a closure that would have effectively destroyed an entire town that depended on it.

ArcelorMittal expects India to be active on M&A in steel, mine

Global steel giant AreclorMittal expects merger and acquisition (M&As) activity in the Indian steel and mining industry, though at a slower pace, even as the sectors are going through an economic downturn.

Tata Steel completes Nordic acquisitions

Indian steel major Tata Steel has completed the acquisition of a range of service centres in the Nordic region of Europe, including a takeover from a Swedish steel manufacturer.

New Afghan mining law paves way for SAIL-led steel consortium

Decks are almost clear for Indian steel makers' consortium AFISCO to initiate final negotiations with Afghanistan on a truncated Rs 7,000 crore investment plan following the passage of a new Mining Law in Kabul.

WTO panel faults US duties on Indian steel

The United States broke global trade rules by slapping import duties on Indian steel products, a WTO panel ruled on Monday, calling on Washington to fall into line.

US says Indian steel threaded rod being dumped, subsidised

The US Department of Commerce on Monday said that imports of steel threaded rod from India have been dumped and subsidised.

Steel exports up 5% at 2.367 MT during Apr-Sept

India's steel exports during the first six months of the current fiscal rose by 5 percent to 2.367 million tonnes (MT) as compared to the same period of last year.

NALCO to invest Rs 900 cr in nuclear power business by 2012-13

State-owned aluminium major NALCO plans to spend Rs 900 crore by next fiscal on nuclear power ventures,for which it had signed a joint-venture agreement with Nuclear Power Corporation of India Ltd (NPCIL) in November.

Not counting on India biz plans for next few years: LN Mittal

The ArcelorMittal chief also said that Indian steel demand has not been "very impressive" despite GDP growing at 6.5-7 percent rate.

India world's fourth largest steel maker in 2011: WSA

India maintained its position as the fourth largest steel producer in 2011, despite 5.7 percent output growth as against the world average of 6.8 percent, the World Steel Association (WSA) said.