Business Standard reported that amidst all the gloom surrounding the Indian steel sector, prices are again looking up showing signals of a better 2013. Some steelmakers have started to give out feelers to the market that steel prices ...
Tags: metals sector, India, steel, steel industry
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 cited a senior company official as saying that Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, is mulling setting up of a cement plant as part of its plans to dispose byproducts such as slag and fly ash. RINL may also ...
Tags: Rashtriya Ispat Nigam Ltd, cement plant, slag, fly ash
Visakhapatnam Steel Plant, an Indian market leader for bar and rod products in the steel market, is looking at entering the Sri Lankan steel market. RINL, which is backed by the Government of India, has a 35% market share in bar and rods ...
Tags: steel scrap buyers, sri lanka vs india, steel market prices
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
Business Line reported that Rashtriya Ispat Nigam Limited has reported 5% rise in turnover in November to INR 1,085 crore over the same month last year. RINL said "The iron and steel sales volume registered a growth of 6% during the ...
Tags: steel scrap buyers, iron ore price news, steel alloys, indian inr
Daily News Lanka reported that a delegation from Rashtriya Ispat Nigam Limited, led by Mr TK Chand Director Commercial, would be visiting Sri Lanka from December 2 to 5 to assess the market, discuss with Business Associates and develop RINL ...
Tags: Daily News Lanka, Rashtriya Ispat Nigam Limited, Business Associates
A key resolution opposing FDI in retail was adopted on the inaugural day of the 8th National Conference of the CITU affiliated Steel Workers'Federation of India. The speakers at the 3 day conference flayed the economic policies of the ...
Tags: FDI, CITU, Steel Workers, conference
Business Standard cited Mr Sushim Banerjee director general of INSDAG as saying that iron ore shortage will hit the industry hard but the steel industry did not pay attention to beneficiation or pelletization, which could enable it to use ...
Tags: Iron Ore Shortage, pelletization, beneficiation, ore's grade, Iron Ore
Business Line reported that Rashtriya Ispat Nigam Ltd is expediting one of its long pending projects a cement grinding unit to make use of the slag generated by blast furnaces and flyash. The company has allocated 100 acres for the ...
Business Line reported that the Union Government has accorded approval for extending navaratna status to Rashtriya Ispat Nigam Ltd for a year that is till November 2013. The company's performance, investment of huge amounts in expansion ...
Tags: Rinl Navratna, approval, steel market, iron
Business Line reported that NMDC Ltd may turn its over INR 15,500 crore steelmaking project in Chhattisgarh into a joint venture with Rashtriya Ispat Nigam Ltd. Sources in the steel ministry said that on finance ministry’s ...
Tags: Nmdc Rinl, steelmaking project, steel, India
Business Line reported that armed with favorable credit ratings, Rashtriya Ispat Nigam Ltd would hit the debt market with INR 500 crore borrow plan in the Q4. Sources said that the proposal would be placed before the RINL board for ...
Tags: Business Line, Debt Market, Rashtriya Ispat Nigam Ltd, borrow plan
German cement major, HeidelbergCement and domestic giants including Ultratech and Reliance Cements have reportedly displayed interest in becoming a joint venture partner in state-run Rashtriya Ispat Nigam s proposed Rs. 1000 crore, 3 ...
Tags: market view, cement