Steel sector

Steel sector not witnessing any major slowdown: SAIL chairman Anil Kumar Chaudhary

Commenting on ratings given by different global rating agencies, SAIL chief Anil Kumar Chaudhary remarked that these agencies keep on changing their outlook with the change in circumstances.

Sep 23, 2019, 16:14 PM IST

Tata to invest in Port Talbot steel plant post-Thyssenkrupp merger: Sources

The global steel sector is emerging from a crisis in which global prices slid to 12-year lows in late 2015.

Feb 12, 2018, 23:47 PM IST

Union Budget 2018: Here's what the steel sector expects from the Modi govt

The Union Budget will be presented on February 1, 2018.

Jan 30, 2018, 20:30 PM IST

GST to be positive for auto, retail; negative for SMEs: Fitch

New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, Fitch Ratings said on Tuesday.

Jul 18, 2017, 13:40 PM IST

Tata Steel hopes to get back normalcy soon

Private steel major Tata Steel on Sunday expressed confidence that the situation would be back to normal in the next quarter after the company's performance was impacted temporarily in November last owing to demonetisation.

Jan 01, 2017, 18:00 PM IST

'India to equal world per capita steel consumption in 10 years'

A sustained government spending on infrastructure like roads, railways, power and housing will propel India into the league of top global steel consuming nations in the next 10 years, a top official of domestic steel giant SAIL has said.

Jun 19, 2016, 10:55 AM IST

Tata Steel shares down 4% as co starts sale of UK biz

Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.

Apr 12, 2016, 12:35 PM IST

Tata''s UK steel exit raises expectations of European mergers

Tata Steel`s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.

Mar 31, 2016, 09:28 AM IST

Govt mulls steps to help steel, aluminium sectors

Government is considering "proactive steps" to improve the health of steel and aluminium sectors which are reeling under the impact of decline in global prices, Finance Minister Arun Jaitley said Monday.

Nov 23, 2015, 18:57 PM IST

NMDC slashes iron ore prices by up to 20%

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

Apr 18, 2015, 14:51 PM IST

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.

Dec 24, 2014, 12:44 PM IST

Tata Steel's recent plans credit positive: Moody's

Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.

Oct 20, 2014, 13:33 PM IST

Steel sector needs Rs 12L cr investment by 2030: Ministry

Investments of around Rs 12 lakh core would be required in steel sector by 2030 to treble the country's installed capacity to 300 million tonnes per annum (mtpa), Prime Minister Narendra Modi was informed Friday.

Jun 27, 2014, 19:53 PM IST

Panel meet on coal supply to end-use plants next week

An inter-ministerial panel to look into the issues pertaining to coal supply to end-use plants in the steel and cement sectors will now meet on June 11.

Jun 06, 2014, 18:01 PM IST

Steel sector needs $210 bn investment to hit 300mtpa capacity

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.

Dec 15, 2013, 19:54 PM IST

Centre favours OMC-NMDC venture to solve raw material crisis

Realising that the raw material linkage was a major hurdle for growth of the steel sector in the state, a collaboration between Odisha Mining Corporation (OMC) and National Mineral Development Corporation (NMDC) was encouraged to help overcome the problem.

Sep 28, 2013, 21:04 PM IST

Inter-ministerial panel to review steel projects on Jul 25

An inter-ministerial panel will meet later this month to sort out issues impeding big-ticket investments in the steel sector.

Jul 05, 2012, 17:47 PM IST

Inter-ministerial panel to review steel projects on Jul 9

Against the backdrop of major steel projects facing hurdles, an inter-ministerial panel is scheduled to meet early next month to sort out issues impeding investments in the sector.

Jun 27, 2012, 00:39 AM IST

Steel sector faces overcapacity problem in medium term: ICRA

An overcapacity situation looms large on the Indian steel sector with about 25 million tonnes of new capacity likely to be commissioned in the next 18-24 months outstripping the growth in demand in medium term, rating agency ICRA said.

Nov 07, 2011, 19:09 PM IST