Steel

Steel News

Per capita stainless steel consumption in India at 2.5 kg: ISSDA

With the achievement of 2.5 kg per capita consumption level, India has reached an inflexion point and entered the league of countries where stainless-steel consumption is recorded on the higher side.

Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan

The minister said the government has not fixed any incentive on sale of scrap. This will be governed by guidelines and market conditions prevailing at the time of sale of scrap.

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Steel consumption in India set for quantum jump: Pradhan

India's steel consumption is set for a quantum jump and investors should come forward and become a partner in the country's growth story, Union Minister Dharmendra Pradhan has said.

Government imposes anti-dumping duty on certain steel products from China

The Directorate General of Trade Remedies (DGTR), in its anti-dumping investigation, stated that dumped imports of 'straight length bars and rods of alloy steel' from China have increased in absolute terms during the period of the probe (2016-17).

Tata Steel's joint venture with German steel major Thyssenkrupp hits delay

The proposed JV between two of the world's major steel companies would combine Thyssenkrupp's and Tata Steel's European steel operations to create Europe's second-largest steelmaker after steel tycoon Lakshmi N. Mittal's ArcelorMittal. 

US allies hit back at Washington's steel, aluminium tariffs

The U.S. administration also launched a national security investigation last week into car and truck imports, using the same 1962 law it has applied to curb incoming steel and aluminium.

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Eyeing opportunities beyond steel also: Lakshmi N Mittal

At present, ArcelorMittal is in the race to acquire debt-laden Essar Steel, currently undergoing insolvency proceedings as it owes more than Rs 45,000 crore to over 30 banks.

Swift decision on Essar in interest of all stakeholders: ArcelorMittal

The SBI-led consortium of creditors rejected both the bids, finding them ineligible under Insolvency and Bankruptcy Code (IBC). ArcelorMittal had been trying for long to enter India but could not get any success so far.

New process to make wood as strong as steel

Researchers have been able to create a type of wood that is as strong as than steel. This is expected to make it replace the metal across its every application.

US steel executives urge Donald Trump to curb steel imports

A letter, sent to the White House and Congress by the American Iron and Steel Institute and the Steel Manufacturers Association, called on Trump to immediately act under the rarely used "Section 232" of a 1962 US trade law, which allows for restrictions to protect national security.

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