It’s reported that Indian steel giant Tata Steel is interested in iron ore assets of one UK’s largest steel trading company, Stemcor. The company asks for banks’ rescue of more than US$1 billion loans as it was ...
Tags: Tata steel, Iron Ore
Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced Tuesday a new multi-year contract valued at more than $160 million over its duration with Essar Steel India Limited, one of India's largest ...
Tags: Harsco, Essar Steel, Mineral
The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered net sales of INR 720.9 million ($12.1 million) in June, slightly up 0.6 percent compared to the corresponding month of 2012. In terms of units ...
Tags: Steel Wheel Rim, Mineral
It's reported that Indian steel giant Tata Steel announced that it has inked a long-term contracts with France-based aircraft manufacturers Safran Group to supply aerospace steels. Under the agreement, Tata Steel will supply aerospace ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
According to data released by the Joint Plant Committee (JPC), India’s consumption of finished steel totaled 11.7 million tons in the first two months of this year stated from April 1st, 2013, down by 0.8% year on year. In the given ...
Tags: Finished Steel Products, Mineral
Indian steel industry think to melt scrap steel and stainless steel scrap a 2.5% import tariff will further lower scrap steel demand, and the revenues of the import duties will be imposed to the final consumers, so they asked for cancel ...
Tags: Metallurgy, Mineral, Energy, steel
Indian Steel Authority of India Limited (SAIL) said that its finished steel output totaled 1.08 million tons in May, rising by 11% year on year, hitting the record highs. In May, the company crude steel output totaled 1.15 million ...
India-based Gujarat NRE Coke Ltd (GNCL) has announced its financial results for the fourth quarter and the full financial year ended March 31, registering a net profit of INR 51.5 million ($922,086) in the fourth quarter, compared to a net ...
Tags: Metallurgy, Mineral, Energy
Jindal Steel and Power Ltd. (JSPL),an Indian steel and energy company based in New Delhi, India has commissioned SMS Siemag to install two of 250 tons basic oxygen furnace(BOF) converter shop along with secondary metallurgy facility and gas ...
Tags: steel, Jindal Steel
India-based steelmaker Jindal Steel and Power Ltd. (JSPL) has ordered a basic oxygen furnace (BOF) converter shop including a secondary metallurgy center and comprehensive environmental technology from the German plantmaker SMS Siemag, as ...
Tags: Jindal Steel, Steel
Indian steel giant Tata Steel has announced that it expects to register an impairment charge of $1.6 billion for the financial year ended March 31, 2013, as a result of its review for the period in question. The company attributed the ...
Tags: Tata Steel, Mineral
India's Steel Ministry has pointed out that the raw material needs of the two major domestic state-owned steelmakers Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) will increase by up to 39 percent within three years as ...
Tags: Steelmaker, Raw Material
The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered net sales of INR 839 million ($15.5 million) in April, down 11.4 percent compared to the corresponding month of 2012. In terms of units sold, in ...
Tags: Steel Wheel Rim, Mineral
India's Supreme Court has decided to lift the mining ban in Karnataka state, allowing 18 more mines, both category A and B, to resume operations 21 months after imposing a mining ban in the state for environmental reasons, according to ...
International credit ratings agency Fitch Ratings has affirmed the credit rating of the Indian steel giant Tata Steel Limited at BB+, while the outlook remains negative. The negative outlook continues to reflect Fitch's expectations of ...
Tags: Fitch Affirms, Tata Steel