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Steel demand in India to grow in single digit: Moody's

Steel demand in India will grow in single digit in 2015 buoyed by government's infrastructure spending, rating agency Moody's Investor Services said Wednesday.

RINL proposes synergy with NMDC for marketing steel products

RINL proposes synergy with NMDC for marketing steel products

Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.

Centre to pump in Rs 1.5 lakh cr in 4 new steel plants

The Centre Sunday said it will pump Rs 1,50,000 crore for building four new steel plants of 20-24 million tonnes combined capacity in collaboration with the governments in four states.

SAIL plans Rs 1,50,000 crore investment by 2030-31

SAIL, country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2030-31 to ramp up steel production from 23 million tonnes to 50 million tonnes.

Steel sector stares at tough times in 2015, but hope afloat

With an above-global average output growth, India has retained its position as the world's fourth-largest steel producer this year but faces tough times ahead in 2015 amid growing imports and other concerns.

Global steel demand may grow at 3.3% this year

Global steel demand is likely to grow at a faster pace of 3.3 per cent this year, driven by rising demand for the commodity from India, Brazil, Russia, West Asia and North Africa, according to a report.

Increase presence in global markets: SteelMin to SAIL

SAIL exports only 3-5 percent of its saleable steel.

Steel demand in India to remain high: Tata Steel

Steel demand in India is expected to remain high, derived by strong fundamentals and the sector is expected to see an investment to the tune of about Rs two lakh crore in coming years, domestic giant Tata Steel has said.

RINL clocks 34% revenue growth in September

Buoyed by a whopping 63 percent volume growth, Rashtriya Ispat Nigam's sales revenue rose by 34 percent to Rs 1,222 crore in September.

Govt may offer soft loans to steel makers for Afghan project

A soft loan is one with a below-market rate of interest and may also include concessions like long repayment period or interest holidays.

Odisha acquires 2,100 acres for Posco: Status report

Odisha government has acquired 2,100 acres of land for the proposed mega steel project by Posco-India in Jagatsinghpur district.

Online single e-window for proj proposed in new steel policy

"To overcome these constraints, the government will consider introduction of a transparent and easy system for submission and tracking of status of applications for grant of resources/clearances from multiple governmental agencies through an online single e-window in consonance with national e-governance plan," the draft national steel policy said.

Foreign firms to buy stake in small steel firms, value-addition

"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.

India's 5-year steel output 2nd highest in the world

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.

India's plan to make CRGO steel indigenously to take off soon

Cold Rolled Grain Oriented (CRGO) steel is a critical input for the manufacturing of transformers which is key for generation, transmission and distribution of electricity to end-users.

ESL to take capacity of Rs 11,700 cr J'khand mill to 3.5 MT

"We intend to spend Rs 2,400 crore on capacity augmentation of our new plant to 3.5 MTPA, being built at a cost of Rs 9,300 crore," ESL Chief of Sales & Marketing A V Shah said.

Steel firms may face margin pressure in near-term: ICRA

"This makes ICRA believe that the margins of steel players are likely to remain under pressure for the near term at least," it said.

JSW Steel production up 13% in July

The Mumbai-based steel producer had reported 5.99 lakh tonne of production in July 2011.

UK's Modulex to build largest steel modular unit in India

A London-based NRI-led company will set up the world's largest steel modular building factory in Indapur in Maharashtra at a cost of Rs 100 crore.

SAIL's Q3 profit down 43% to Rs 632 cr

Steel Authority of India (SAIL) Monday posted a 43 percent decline in Q3 net profit to Rs 632 crore from Rs 1,107 crore a year ago, hit by costlier raw material, forex losses and lower sales.