Hindustan Times reported that facing acute shortage of iron ore, steel and sponge iron producers of Karnataka have demanded that state run NMDC, the only miner allowed to operate in the stateshould take steps to increase its production and ...
PTI reported that JSW Steel plans to raise $600 million through overseas borrowings by March next year to prepay part of its rupee loan. JSW Steel's joint MD & CFO Mr Seshagiri Rao told PTI "e are planning to prepay INR 3,500 crore rupee ...
Tags: JSW SteeL, loan, Reserve Bank of India
Mr Beni Prasad Verma the minister of steel in a written reply in the Lok Sabha informed that although, progress of each and every steel project is not monitored by the Ministry of Steel, some of the major steel projects where no noticeable ...
Tags: steel, steel project, Steel company
PTI reported that Indian government has not come across any demand from domestic steel makers for removing steel from the purview of free trade agreements with Japan and South Korea or imposing ban on imports from the 2 countries. Mr ...
Tags: FTA, JSW Steel, Essar Steel
It’s reported that India may face shortage of steel long products in the coming years since there is no steel long product project being developed during 2013 and 2014. However, the country’s supply of steel flat products ...
Tags: India, steel shortage, steel long product, steel
DNA reported that the Central Bureau of Investigation special court has issued summons to former chief minister Mr BS Yeddyurappa and 12 others for allegedly favoring mining companies and accepting kickbacks. In its charge sheet filed in ...
Tags: Central Bureau of Investigation, iron ore mining mess, iron, Indian news
The Economic Times reported that NMDC's E auction for iron ore lumps again found few takers on November 20th with less than 1 to 10 of what it put up for sale. In half a dozen E auctions held recently, NMDC has found that almost 93% of ...
Tags: NMDC', Nmdc E Auction, Iron Ore, India
PTI reported that seeking immediate intervention of Steel Ministry, steel producers from Karnataka said they may have to shut their shops due to shortage of iron ore and its higher prices. As per report, there are 37 units which are ...
Tags: Ore Crisis, steel, steel market, Indian steel
During April-August this fiscal, steel imports into India grew 38.6 per cent to 3.32 million tonnes over 2.39 mt in the corresponding period last year. Production during this period grew 4.3 per cent to 31.71 mt from 30.42 mt, while ...
Tags: Industry Trends, bearing
Steel demand worldwide is growing slower than forecast, eroding profit at producers including ArcelorMittal and Tata Steel Ltd. (TATA) and forcing investors to revise their 2012 outlook for the $430 billion industry. Global use of the alloy ...
Tags: Market View, steel, raw material
India's JSW Steel will increase production to 80% of capacity after the country's Supreme Court gave the go-ahead for the government-owned National Mineral Development Corporation to mine one million tonnes of ore every month in the ...
Tags: steel