Economic Times reported that the Indian consortium is back from another round of discussion for acquiring mining rights to the 1.8 billion tonne of iron ore reserves in Afghanistan, as the possible deal reaches a critical stage. A ...
Tags: Indian consortium, India, mining rights, mining
Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...
Tags: JSW Steel, Iron Ore, Production
It is learned that Indian JSW Steel is planning to enter niche market of electrical steel, backed up by Japanese partner JFE who owns 16.17% of JSW Steel. If it comes true JSW would be the first steelmaker in the country who can make ...
Tags: JSW Steel, electrical steel, JFE
Indian JSW Steel said that its crude steel output dropped by 21% from a month ago to 603,000 tons in November due to iron ore shortage and the ongoing shutdown at on Corex iron making furnace at its Vijayanagar works. It’s known ...
Tags: JSW Steel, crude steel, crude steel output, iron ore
In million tonnes JSW took shutdown of one of its COREX furnaces for capital repairs and capacity enhancement during October 2012 and the same is expected to re-start in January 2013. The capacity utilization for the balance units has ...
Mr Jyotiraditya Scindia the minister of State (Independent Charge) for Power said that as per extant policy, Foreign Direct Investment up to 100% is permitted in the power sector, under the automatic route, for: i) Generation and ...
Tags: FDI, Construction, automatic route, Thermal Power
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
Even as the resumption of regular mining is getting delayed in Karnataka,there is some good news for the ore starved steel industry as one of the Category A mining company has got approval to put on auction some of its low grade iron ore. ...
JFE Steel Corporation announced today that it has signed an agreement with its strategic partner JSW Steel Limited to provide technology for the production of non oriented electrical steel sheets at the Vijayanagar works in India. JSW ...
Tags: JFE Steel, Steel, JSW, electrical steel sheets, Cold Rolled Grain Oriented
Denmark based AP Moller Maersk Group, one of the largest port operators in the world, has emerged as the frontrunner to acquire a significant stake to be offloaded by Infrastructure major, Larsen and Toubro at Dhamra Port located in Orissa. ...
Tags: AP Moller Maersk Group, port operator, acquisition, infrastructure
Two people familiar with the matter said that JSW Steel Ltd is facing its first annual drop in output in at least 10 years because of a shortage of iron ore at its biggest mill. The people said that production at the Vijayanagar plant in ...
Tags: iron ore price news, steel scrap price, steel supplies
Indian Express reported that the Indian steel companies' consortium that won the bid for the Hajigak iron ore mine in Afghanistan will have to finance the INR 40,000 crore to explore the mine and set up a steel plant from their own pocket ...
Tags: steel, project, finance ministry
PTI reported that at least a couple of Indian steel makers have raised the price of flat products by up to INR 1,500 per tonne since December 1st to align the domestic price with landed import costs, now hovering between INR 35,000 tonne to ...
Tags: steel, hot rolled coil, flat product, metal
Broner Metals Solutions announced that it has been selected by JSW Steel Ltd to implement a world class Production Planning and Scheduling solution together with Broner's MES solution, for the JSW Vijaynagar Integrated steel complex The ...
Tags: steel systems, stainless steel, steel rolling, steel structure
It is reported that the situation for mining and steel companies in Karnataka continues to be grim despite the Supreme Court order allowing some of the mines to resume operations. Delays in getting clearances from government bodies and in ...