RINL saleable steel production up 24% in April-May 2015

Production of hot metal, liquid steel and captive power generation also recorded a growth of 10 percent, 13 percent and 24 percent respectively, Visakhapatnam Steel Plant (VSP), said in a statement.

India's steel consumption expected to rise 8-9% in FY16: SAIL

India, the world's fourth-largest steel producer, saw its consumption of total finished steel grow by 3.1 per cent to 76.36 million tonnes (MT) in the last fiscal from 74.09 MT in 2013-14.

Tata Steel's Q4 loss at Rs 5,674 cr; to exit non-core assets

Tata Steel Wednesday reported a consolidated net loss of Rs 5,674.29 crore for the quarter ended March 31, 2015, mainly due to non-cash write downs and a "challenging" 2014-15 fiscal.

SAIL completes Rs 6,325-cr expansion of Bokaro plant: Govt

State-run SAIL has completed the current phase of the modernisation and expansion of the Bokaro Steel Plant with an investment of Rs 6,325 crore, Parliament was informed Wednesday.

Subdued demand hits SAIL, sales decline by 2.3% in FY'15

Sales of steel major SAIL took a hit of 2.3 percent at 11.8 million tonne (MT) in the fiscal ended March, 2015, due to subdued demand in during the July-December period.

India retains 3rd slot in global steel production in Q1

India retained its position as the world's third-largest steel producer with a production of 14.6 million tonnes (MT) in the first three months of 2015.

Tata Steel's FY15 crude steel production up 2% at 9.33 MT

The Tata Group's flagship firm said it produced 9.07 million tonnes of saleable steel during the year under review, up 1.56 per cent from the year-ago period.

EU imposes anti-dumping duties on stainless steel from China and Taiwan

The European Union will impose anti-dumping duties from Thursday on imports of cold-rolled flat stainless steel from China and Taiwan, according to a notice on Wednesday in the EU`s Official Journal.

India overtakes US as 3rd biggest steel producer

India has overtaken the US to become the third-largest steel producer in the world with a production of 14.56 million tonnes (MT) in first two months of the year.

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.

Tata Steel resumes operations at top iron ore mine

Tata Steel Ltd has resumed mining operations at its biggest iron ore mine after a more-than-three-month stoppage, a company spokesman told Reuters, a move that will help lower its reliance on costlier imports of the raw material.

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.

Tata Steel close to reopening its top iron ore mine

A restart of production at Tata Steel`s Noamundi mine should help India`s top steel company lower its reliance on overseas purchases of the steelmaking raw material.

India's steel output growth highest in Oct among major nations

India produced 7.080 million tonnes (MT) steel last month compared to 6.523 MT in the year ago period, data prepared by World Steel Association (WSA) said today.

Modi's 'Make in India' push to depend on Chinese steel

India`s steel imports from China, the world`s biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand.

Steel demand expected to grow 3.4% this year: WSA

In its April outlook, WSA had projected 3.3 percent growth in steel demand for India in 2014.

Steel demand expected to grow 3.4% this year: WSA

In its April outlook, WSA had projected 3.3 percent growth in steel demand for India in 2014.

Stagnant steel demand scenario coming to an end: SAIL Chairman

India's steel consumption grew by just 0.6 per cent last fiscal, its lowest in four years, to 73.93 MT, mainly impacted by a slower expansion of domestic economy.

Steel consumption inches up by 0.7% in Q1

The country had consumed 18.69 MT steel in the April-June quarter of last fiscal, showed data compiled by Joint Plant Committee.

Economic Survey 2013-14: Steel output grew by 7.9% in past 5 yrs on rise in consumption

Driven by a seven percent rise in consumption and high utilisation ratio, steel production in India grew at a compound annual growth rate of 7.9 percent in the past five years, the Economic Survey said.