Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,274.20569.4
Stock Analysis, IPO, Mutual Funds, Bonds & More
Global steel industry facing surplus production: Dharmendra Pradhan

Share of imports of finished steel from FTA countries such as Korea, Japan and Indonesia aggregated around 70 per cent of total imports to India in August 2019.

Govt allows SAIL to sell 25% iron ore output in open market

The country's largest steel maker, under the Ministry of Steel, has over 20 captive mines spread across Jharkhand, Odisha, Chhattisgarh and West Bengal.

SAIL allowed to sell 25% iron ore production from captive mines in open market

"This will enable SAIL to not only fulfill its own requirement, but also to partially cater to shortfall in domestic iron ore requirement," the statement said.

Commerce Ministry launches Steel Import Monitoring System

Commerce and Industry Minister Piyush Goyal said that registration will be online and automatic, and no human intervention will be required.

NCLAT to hear probe agencies over JSW Steel's plea on Bhushan Power

Under the insolvency proceedings, JSW Steel has emerged as the winning bidder for Bhushan Power & Steel.

Most valuable steel mill in India sees iron ore drop to $60

Prices may trade between $80 and $85 a ton for the rest of 2019 before sliding to $60 to $65 next year.

Prashant Jhawar quits as non-executive director of Usha Martin

Prashant Jhawar stepped down alleging illegalities and non-compliance of provisions of law by directors and management running the company.

Japanese Aichi Steel collaborates with Ludhiana's Vardhman Steel to tap automotive sector

Aichi Steel plans to introduce cutting edge technology in the state through the tie-up with Vardhman Steel.

JSW Steel moves NCLAT for immunity against investigation in BPSL cases

The Jindal group firm is seeking immunity as the Delhi High Court in a recent ruling said that money laundering laws prevails over the Insolvency and Banruptcy Code.

Steel tycoon banks on exports as demand plunges in India

JSW Steel expects to exceed its export target of 2.2 million tons after seeing slump in domestic demand.

JSW Steel moves NCLAT to challenge the NCLT approval of Bhushan Power and Steel

JSW Steel moves NCLAT to challenge the NCLT approval of Bhushan Power and Steel

In the last few months, two banks Punjab National Bank and Allahabad Bank have declared loans worth Rs 5,580 crore given to the company collectively as fraudulent.

SC sets aside Delhi HC's bail to ex-Bhushan Steel CFO

SC sets aside Delhi HC's bail to ex-Bhushan Steel CFO

Johari was arrested by the Serious Fraud Investigation Office (SFIO) for alleged fraudulent activities.

JSW Steel to seek immunity from Bhushan Power and Steel 'fraud deals'

JSW Steel to seek immunity from Bhushan Power and Steel 'fraud deals'

“We want a neat and clean company, and we don’t want any confusion,” Jindal told.

JSW Steel reports 13% drop in crude steel production in August 2019

JSW Steel reports 13% drop in crude steel production in August 2019

The lower production reported by JSW Steel is part of a larger slowdown in the steel sector which us facing low demand and pressure kn prices.

Local companies in a fix as steel imports surge

Local companies in a fix as steel imports surge

Shipments at zero duty from FTA countries have shot up by 67% in April-July 2019 against a 58% increase in the same period last year (April-July 2018).

Secondary, small steel makers cut output on dip in local demand

Secondary, small steel makers cut output on dip in local demand

In the iron ore-rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers have scaled back production.

Load More...
1

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP