19 June 2022 steel Small steelmakers cheer input cost cut as big rivals fret over export duty It’s a tale of contrasting fortunes in the Indian steel industry since last month’s revision of import and export duties on key raw materials and finished goods. Share:
19 June 2022 steel Welspun Corp's associate firm gets Saudi Riyal 490-mn order to supply steel pipes Welspun Corp Ltd NSE 5.22 % (WCL) on Friday said its associate company has bagged a contract valuing Saudi Riyal 490 million (about Rs 1,000 crore) to supply steel pipes. Share:
16 June 2022 steel Icra revises outlook on steel sector to stable from positive Ratings agency NSE 1.00 % on Thursday said it has revised its outlook on the domestic steel to stable from positive, mainly on the account mounting input cost amid low steel rates. Share:
13 June 2022 steel Tata Steel unveils green investment plan for UK steel tube mill Tata Steel NSE 2.77 % has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business. Share:
13 June 2022 steel Tata Steel unveils green investment plan for UK steel tube mill Tata Steel NSE 2.77 % has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business. Share:
26 May 2022 Economy Govt mulls scrapping requirement of forest clearance for exploration of blocks The mines ministry has proposed to do away with the requirement of obtaining forest clearance for exploration of mineral blocks, a move that would lead to auction of more mines and augment the country's mineral output. Share:
26 May 2022 News With the duty, steel companies are forced to vacate export markets... our loss is China's gain' Steel prices in India had already corrected 10% in line with global trends when the government surprised the industry with a 15% export levy, said Dilip Oommen, president of the Indian Steel Association, an association representing steelmakers. Share:
25 May 2022 all Ten steps the government has taken recently to cool prices The government responded to high inflation in the economy by announcing a series of steps to cool prices and cushion the impact on the common man. Share:
25 May 2022 News Arcelor Mittal Nippon Steel India announces Rs 1,000 crore additional investment in Andhra Steelmaker ArcelorMittal Nippon Steel (AMNS) India will invest an additional Rs 1,000-crore in Andhra Pradesh to expand its pellet plant capacity to 11 MTPA. Share:
25 May 2022 News Auction of mineral blocks stabilised in country; 186 mines put on sale so far The government on Wednesday said the auction of mineral blocks has stabilised in the country as 186 mines have been put on sale so far. Share: