Indian Railways signed this year two MoUs signifying new innovative financial funding for development of infrastructure projects in the country. Railways signed an MoU with NMDC Ltd., a navratan Pubic Undertaking Sector under the ...
Tags: Indian Railways, financial funding, Mineral
Business Standard reported that Indian steel mill’s dependence on pellets as a raw material is set to increase by at least 13% points in the next two years, due to shortage of high grade iron ore in India. Data compiled by OreTeam ...
Tags: India, steel mill, pellets, raw material
Cat was finally out of the bag on the 3rd day in New Year. Even though not coming as a surprise the muddled pattern gave indication of inherent diffidence. As reported earlier by us on January 1st, it is learnt that HRC price is hike by ...
Tags: HRC price, India, steel mills, steel price
PTI reported that country's major steel makers are set to add around 24 million tonnes per annum capacity through brown field expansions by 2017-18 involving investments to the tune of INR 0.1 million. According to a Steel Ministry data, ...
Tags: steel makers, steel, Steel Authority, steel capacity
The next gen of the Jindal family has just checked in at the corporate headquarters of the USD 10 billion power to ports JSW group. 22 year old Parth Jindal scion of the Jindal South West group, which controls India’s largest private ...
Tags: JSW, steel producer, steel, automotive steel, electrical steel
India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead ...
Tags: India, crude steel, DRI, 2012, steel sector
PTI reported that TATA Steel MD Mr HM Nerurkar said the steel sector in the country is doing well as compared to rest of the world despite the slowdown. He added that the economic condition in European countries is still to look up.
Tags: TATA Steel, MD, steel sector, Mr Nerurkar, India
PTI quoted Uttam Galva Steels as saying that the steel demand is likely to grow by around 10% in the next financial year. Mr Ankit Miglani deputy MD of Uttam Galva said that "We are expecting a 10% growth in the steel demand in the ...
Tags: Uttam Galva Steels, steel demand, steel market, steel industry
The Indian Long Product Price Index ILPPI has gone up by 33 points last week whereas Indian Flat Products Index IFPPI has gone down by 38 points. The overall price index INDSPI remained stable. Class 21-Dec ...
Tags: India, Long Product Price, steel, steel market
The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered gross sales of INR 757 million ($13.9 million) in December 2012, down 25 percent compared to the corresponding month of 2011. In terms of units ...
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
Indian steel giant Tata Steel forecasted that India's steel demand would rise by 7%in fiscal year 2013/14.It's predicted that India's steel demand would be at around 75 million tons in the current fiscal year 2012/13,rising by 5.6%from a ...
Tags: Tata Steel, Indian steel demand, crude steel production
Business Line reported that the Indian Institute of Materials Management’s Durgapur chapter organized a seminar on “Challenges facing Indian steel industry - A supply chain perspective”, on December 23. Mr PK Singh ...
Tags: Indian Institute of Materials Management, India, steel plants
The Indian Long Product Price Index ILPPI surged by 23 points on December 24, 2012, whereas Indian Flat Product price index IFPPI has also gone up by 2 points. The overall Indian Steel Price Index INDSPI inclined by 13 points. ...
Tags: India, Long Product Price, Flat Product price, steel price
Indian steel making company, Tata Steel, has announced initiatives that will provide long term advances to its clients in the lifting and excavating sectors in the UK. The relighting of Blast Furnace No 4 at Port Talbot, a new high ...
Tags: TATA Steel, TATA, Steel, excavating sectors, heavy gauge decoiler