China steelmaker default sparks debt contagion fear
China Hongqiao Group Ltd’s dollar bond due 2023 and Shandong Sanxing Group Co’s 2021 dollar bond have both dropped to their lowest levels after Xiwang’s default.
Steelmakers may post lower profits in Q2 on weak demand: Icra
Over the last four quarters, operating profit margins of the domestic steel ind...
Visakhapatnam steel plant achieves a steelmaking milestone
The new Caster is the prime source of raw material for the upcoming forged wheel p...
Steelmakers seek 25% safeguard duty on imports
The ISA has argued that as a consequence of duties imposed by the USA, and consequently by the EU, Turkey and Canada, steel exports from some Asian countries are being diverted to India.
In an increasingly water-scarce India, life's changing for steelmakers, and how
Two of India’s biggest steelmakers, JSW Steel & Tata Steel, have flagged risks due to water shortages.
Steel makers without captive mines are likely to face up to 20% hike in costs
In FY2019, domestic production of ore is estimated at around 207 mt, 65-70% of which was by merchant miners and the rest by captive steelmakers.
2 injured in explosion at Tata Steel plant in UK
The Port Talbot site, which dates back to the early 1900s, was acquired by Tata Steel as part of its acquisition of Corus in 2007.
Steelmakers fear dumping by foreign companies
Ratings firm ICRA in a note on Wednesday said in the first quarter of fiscal 2019, the country’s steel exports dropped by over 33% whereas imports grew more than 11%.
Steelmakers bet on demand for tinplate from packaging companies
"The use of tin as a mode of packaging has picked up," Jayant Acharya, director of commercial and marketing, JSW Steel, told ET.
Chinese steelmaker Tsingshan Holding Group to invest $3 billion in Dholera for en electric battery plant
Within a year of signing the MOU, the company began the construction of the first phase of the project which is slated to be completed in a record time of 14 months.
Tata Steel arm sells 70% in SE Asia biz to China's HBIS
The divestment will be made to a holding company in which 70% equity shares will be held by the entity controlled by HBIS and 30% by TSGH.
Italian steelmaker Ilva gives approval to the company's acquisition by ArcelorMittal
ArcelorMittal committed to shedding certain European assets in Italy, Romania, Macedonia and the Czech Republic to get approval from the European Commission's antitrust authorities for the Ilva takeover.
Steelmakers to raise prices as input costs rise on rupee depreciation
The industry expects a price rise of Rs 1,500 per tonne for both hot rolled coils in flat products as well as downstream products. For long products, the increase may be more.
ArcelorMittal, Nippon Steel complete acquisition of Essar Steel
The deck for acquisition of Essar Steel for Rs 42,000 crore by L N Mittal-led company was cleared by the Supreme Court last month.
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