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JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 crore

JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 crore

Thu, Jan 25, 2024

The company's EBIDTA (earnings before interest, depreciation, tax and amortisation) shot up by 57.9 per cent to Rs 7,180 crore.

Tata Steel Stock Up Despite Blast Furnace Closure, Job Cuts | Stock Market News

Tata Steel Stock Up Despite Blast Furnace Closure, Job Cuts | Stock Market News

Sat, Jan 20, 2024

Tata Steel announced shutting down Port Talbot's blast furnaces for a green steel transition, impacting 2,800 jobs. The phased closure begins mid-2024, with £130 million allocated for affected employees. The stock rose despite potential job losses.

Indian goods worth USD 3.7 billion entering Oman to get boost by free trade agreement: GTRI report

Indian goods worth USD 3.7 billion entering Oman to get boost by free trade agreement: GTRI report

Tue, Dec 12, 2023

Oman's import duty ranges from 0 to 100 per cent along with the existence of specific duties. 100 per cent duty is applicable on specific meats, wines and tobacco products.

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India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

India's steel demand to touch 190 MT-mark in 2030; production to reach 210 MT: SteelMint

Sun, Nov 26, 2023

India's crude steel production is expected to be at 210 MT by 2030, 45 per cent higher than production levels of 2023. Many countries, including China, will show a fall in steel production as compared to their current production levels, the report said.

Tube Investments of India to set up greenfield precision steel tube unit

Tube Investments of India to set up greenfield precision steel tube unit

Tue, Oct 31, 2023

The greenfield facility is proposed to be established to manufacture multiple ranges of products, the company added.

JTL Industries logs highest-ever quarterly sales volume at 81,686 MT in second quarter

JTL Industries logs highest-ever quarterly sales volume at 81,686 MT in second quarter

Tue, Oct 03, 2023

The growth was driven by steady demand for structural steel tubes and pipes in both domestic and international markets, JTL Industries said in a BSE filing.

Tata Steel's Strategic Move: Investing in UK's Wales Plant

Tata Steel's Strategic Move: Investing in UK's Wales Plant

Mon, Sep 18, 2023

Tata Steel has a big agreement with the UK government. Big investment in UK's Wales plant, How will the deal proceed? How much profit does Tata Steel get?

India imposes anti-dumping duty on some Chinese steel for 5 years

India imposes anti-dumping duty on some Chinese steel for 5 years

Tue, Sep 12, 2023

China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62 per cent from the same period a year earlier.

GG Engineering secures fresh order for supply of infrastructural steel

GG Engineering secures fresh order for supply of infrastructural steel

Thu, Aug 10, 2023

Notably, the growth of the manufacturing sector in the country was adversely affected due to the Covid-19 pandemic, which has now shown positive growth in double digits and boosted the economy.

Disinvestment process of RINL is under progress: Steel Ministry

Disinvestment process of RINL is under progress: Steel Ministry

Fri, Apr 14, 2023

Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the ministry, in a statement, said that the disinvestment process of RINL is in progress.

UK agrees to not impose 4% countervailing duty on Indian steel bars, rod; move to benefit domestic exporters

UK agrees to not impose 4% countervailing duty on Indian steel bars, rod; move to benefit domestic exporters

Mon, Jan 16, 2023

India's trade defence wing (TDW) has held bilateral meetings at WTO and argued against the extension of CVD against Indian exporters

Domestic demand for finished steel to grow 8% this year, says rating agency Icra

Domestic demand for finished steel to grow 8% this year, says rating agency Icra

Wed, Dec 21, 2022

Supported by the government's infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent in the first eight months of the current fiscal, the ratings agency said in a report on Wednesday.

Exclusive: Govt unlikely to review export duty on steel; Tata Steel, JSW Steel, SAIL shares fall

Exclusive: Govt unlikely to review export duty on steel; Tata Steel, JSW Steel, SAIL shares fall

Wed, Nov 16, 2022

According to sources, any big change related to duty is not on the cards ahead of the budget. This is because the government will have to make calculations on the amount that it may have to forego in the event of exemption and it will be difficult now to go ahead with the review

Steel companies under CCI radar for alleged cartelistaion; know how stocks were trading?

Steel companies under CCI radar for alleged cartelistaion; know how stocks were trading?

Fri, Sep 09, 2022

Coimbatore Corporation Contractors Welfare Association filed a petition before the Madras HC seeking a CBI (Central Bureau of Investigation) probe against the steel companies

Pics from inauguration: First 6-lane Highway Road made of Steel Slag coming up at Surat, Gujarat - All details here

Pics from inauguration: First 6-lane Highway Road made of Steel Slag coming up at Surat, Gujarat - All details here

Thu, Jun 16, 2022

Union Minister of Steel Ram Chandra Prasad Singh on Wednesday inaugurated the first six lane highway road made by using Steel Slag at Surat, Gujrat to connect the port with the city. While inaugurating the road, the Minister stressed upon the need to promote circular economy and resource efficie

Steel Ministry asks Finance Ministry to remove basic customs duty on ferronickel

Steel Ministry asks Finance Ministry to remove basic customs duty on ferronickel

Tue, Apr 12, 2022

Union steel ministry has asked the finance ministry to remove the basic customs duty on ferronickel, a key raw material for stainless steel makers, a senior government official said on Tuesday.

EU, U.S. end steel, aluminium clash, take aim at China's ''dirty'' steel

EU, U.S. end steel, aluminium clash, take aim at China's ''dirty'' steel

Sun, Oct 31, 2021

"The United States and the European Union have reached a major breakthrough that will address the existential threat of climate change while also protecting American jobs and American industry," U.S. President Joe Biden said

Uttam Galva Steels posts Rs 90 cr net loss in Jul-Sep quarter

Uttam Galva Steels posts Rs 90 cr net loss in Jul-Sep quarter

Sat, Oct 30, 2021

Uttam Galva Steels Limited posted a consolidated net loss of Rs 90.17 crore during the second quarter ended September 30, 2021.

JSW Steel plans to levy surcharge steel products as input cost mounts

JSW Steel plans to levy surcharge steel products as input cost mounts

Sun, Oct 24, 2021

There is a huge pressure on the cost of production. Cost of per tonne steel production went up by 19 per cent or Rs 6,600 per tonne quarter-on-quarter in July-September 2021, Seshagiri Rao, Joint Managing Director and Group CFO, JSW Steel, said

Know about integrated steel making company SAIL

Know about integrated steel making company SAIL

Tue, Aug 31, 2021

Know the ways to make profit in this show .

Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition

Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition

Sat, Nov 16, 2019

Delivering a big verdict, the Supreme Court has allowed ArcelorMittal to make payment for Essar Steel India, paving the way for acquisition of the bankrupt steel maker by the Luxembourg-headquartered entity.

Exclusive interview with Union Minister for Steel, Chaudhary Birender Singh

Exclusive interview with Union Minister for Steel, Chaudhary Birender Singh

Wed, Jan 23, 2019

Here is an exclusive conversation with Union Minister for steel Chaudhary Birender Singh. Listen in to what he has to say.

India seeks waiver from US steel and aluminium tariffs

India seeks waiver from US steel and aluminium tariffs

Wed, Mar 28, 2018

The United States accounts for 2 percent of India`s steel exports but the move comes at a time when long-festering trade differences between the two countries are already aggravated, triggered by tariffs that India has imposed on dozens of products in recent months as part of steps to boost the domestic industry.

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