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| 05 December, 2020, 10:50 AM IST | E-Paper
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    Steel

    SAIL reports 7 per cent growth in crude steel production in November 2020

    “The performance during November 2020 is reflective of the continuous efforts being put in by the SAIL Collective to bounce back to pre-Covid levels coupled with the improvement in market conditions,” said the company’s chairman Anil Kumar Chaudhary on Friday.

    Liberty to begin due diligence of Thyssenkrupp's steel assets in Europe

    In October, the UK-based Liberty Steel had made a non-binding indicative offer to Thyssenkrupp to acquire the German steel major's assets in Europe.

    JSW Steel increases Bhushan Power & Steel offer by Rs 400 crore

    “We have received a fresh offer in which JSW Steel has agreed to make an upfront payment for Bhushan Power & Steel; also the offer has been hiked by ₹400 crore," said a lender involved in the negotiations.

    JSW Steel sweetens offer for BPSL by Rs 400 crore

    It’s a complete U-turn from their stance a few months ago when they were asking for more time to close the deal, the person quoted above said.

    Nava Bharat Ventures inks pact with Tata Steel arm for conversion of high carbon ferro chrome

    The company added that the agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tonnes of high carbon ferro chrome per annum.

    Indian steel mills hike prices by Rs 2500 - 2700 per tonne in December

    As per industry sources, JSW Steel and JSPL have hiked prices by Rs 2,500 - Rs 2,700 per tonne and ArcelorMittal Nippon Steel (AMNS) have raised prices by around Rs 2,500 - Rs 2,750 per tonne effective from 1st of December.

    Steel companies supply 56,446 tonne medical oxygen for COVID-19 treatment: Steel Ministry

    The steel ministry had also made operational a portal wherein plant-wise information regarding availability of oxygen and daily supply by various plants and states to which such supplies have been made is provided. "Integrated steel plants (ISPs) in the public and private sector have been supplying LMO to meet the requirement of oxygen in hospitals across the country.

    JSW Steel in the process of acquiring land for steel plant in Odisha: Director Jayant Acharya

    The Odisha government and POSCO had signed a Memorandum of Understanding (MoU) in this regard in 2005. However, the South Korean steel giant had to abandon its proposed Rs 52,000-crore project due to multiple reasons from delay in environmental clearances to protests by locals.

    India opting out of RCEP credit positive for steel producers: Report

    India has walked out of the regional trade alliance. Many in India have criticised India’s decision as the country could lose out the trade block in some areas such as bargaining power to maintaining high exports.

    JSW Steel approaches Bombay HC against Goa govt’s cess of Rs 156.34 crore

    JSW, defended the challenge on maintainability of the petition by stating that the constitutional vires of the Act was being challenged in the instant case, which did not require the issuance of any particular notice, the company said

    JSW Steel to acquire 26.45% stake in JSW Vallabh Tinplate for Rs 35 crore

    JSW Steel to acquire 26.45% stake in JSW Vallabh Tinplate for Rs 35 crore

    “JSW Steel Limited (“Company”) has entered into a legally binding share purchase agreement to acquire JSW Vallabh Tinplate Private Limited in one or more tranches, 1,32,37,227 equity shares of INR 10/- each,” the company said in a BSE Filing on Tuesday.

    EU steel market’s demand recovery to boost Tata Steel Europe's earnings in H2 of FY21

    EU steel market’s demand recovery to boost Tata Steel Europe's earnings in H2 of FY21

    Top steelmakers in Europe have raised prices of carbon steel – something that would have a material impact on their performances. So much so that Tata Steel Europe may post positive earnings in Q3 and Q4, say analysts.

    Goa government issues Rs 156-crore demand notice to JSW Steel

    Goa government issues Rs 156-crore demand notice to JSW Steel

    The notice said that the company representative may face punishment with imprisonment of two years or fine of Rs 25,000 if the cess is not paid.

    Primary steelmakers to offer preferential pricing to MSMEs

    Primary steelmakers to offer preferential pricing to MSMEs

    JSW Steel, Tata Steel and Jindal Steel and Power Ltd have introduced exclusive pricing schemes for MSMEs, while ArcelorMittal Nippon Steel (AMNS) said that they always supply steel at export-parity prices for MSMEs.

    Tata Steel tests coking coal samples from Russia for producing steel: CEO Narendran

    Tata Steel tests coking coal samples from Russia for producing steel: CEO Narendran

    The development assumes significance in the domestic steel industry as a fruitful result of the experiment would break the monopoly of Australia in coking coal supply to India.

    Indian steel mills hike prices by Rs 750- Rs 1000 per tonne as demand improves

    Indian steel mills hike prices by Rs 750- Rs 1000 per tonne as demand improves

    In the beginning of the month, top steelmakers announced a price hike of hot-rolled coils (HRC) and cold-rolled coils (CRC) by INR 1,000-1,500/tonne on the back of better auto demand.

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