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Tuesday, May 26, 2020

steel industry

STEEL INDUSTRY NEWS

Tata Steel leaves Indian Steel Association; T V Narendran steps down as President

May 05, 2020 12:07 pm

Tata Steel CEO and Managing Director (MD) T V Narendran has also stepped down from the Presidentship of the Association, tenure of which was scheduled to end in August.

Ind-Ra revises downwards outlook on steel sector to 'negative'

February 27, 2020 5:26 pm

The revision has been made seeing the steel demand growth expectations of 5 per cent and margin pressures led by iron ore price risks, India Ratings and Research (Ind-Ra) said in report.

Steel Minister seeks Japanese investment in fast-growing Indian steel market

February 24, 2020 2:35 pm

Union Steel Minister Dharmendra Pradhan also assured investors that India will provide necessary support to facilitate them in setting up businesses.

Coronavirus outbreak to impact steel industry for next 2-3 years: Dharmendra Pradhan

February 17, 2020 5:22 pm

India is the second-largest global producer of steel with an annual output of over 106 million tonne (MT) but lags much behind China that accounted for 928.3 MT of the alloy in 2018.

India's steel demand to slow down on weak auto, manufacturing demand: Moody's

December 03, 2019 12:14 pm

India will remain the world's second-largest steel producer behind China after having overtaken Japan in 2018, Moody's Investors Service said.

ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation

November 21, 2019 5:47 pm

"We don't see ArcelorMittal as a challenge," JSW Steel Chairman Sajjan Jindal told PTI on the sidelines of the ISA Steel Conclave.

India's finished steel export slides over 30% in January

February 18, 2018 11:55 am

Exports should account for 6-7 per cent of India's total steel production in the next few years, up from the 1.5 per cent at present, Union Steel Minister Chaudhary Birender Singh had earlier said.

Steel manufacturing cost to rise as power out of GST: Steel Ministry tells PMO

July 18, 2017 5:58 pm

The steel industry had earlier in the month said that with GST rollout the unorganised players in the sector will have to move to organised form of doing business. Natural gas, one of the inputs used in manufacturing sponge iron/Hot Briquetted Iron, an intermediate product used in steel making, has been kept out of GST purview.

We’re bitten by steel sector: PNB MD Usha Ananthasubramanian

May 25, 2016 2:43 am

Five iron and steel accounts alone contributed to over Rs 12,500 crore in bad loans for the bank.

From crisis to boom to crisis all over again: The journey of Steel

April 05, 2017 6:07 pm

Just as in the late 1990s, Indian lenders have been forced to recast loans to the some of same promoter firms that had dragged them down then too!