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    • India's steel sector's tech investment likely to hit $2.7 billion by 2030: Report

      India's steel sector's tech investment likely to hit $2.7 billion by 2030: Report

      The year 2030 is significant for the domestic steel industry as the government's National Steel Policy 2017 aims to scale up India's installed steel-making capacity to 300 million tonne by 2030.

    • CLSA stays cautious, lowers Tata Steel, JSW Steel ratings on margin worries

      CLSA stays cautious, lowers Tata Steel, JSW Steel ratings on margin worries

      CLSA downgraded Tata Steel to sell from outperform and cut target price to Rs 135 from Rs 145. JSW Steel downgraded to sell from underperform and declined its target price to Rs 730 from Rs 810.

    • Indian-origin Sanjeev Gupta to submit bid for Tata Steel

      Indian-origin Sanjeev Gupta to submit bid for Tata Steel

      Indian-origin businessman Sanjeev Gupta's Liberty House group will today submit its letter of intent to acquire Tata Steel's loss making units in the UK.

    • India to be active on M&A in steel, mine: ArcelorMittal

      India to be active on M&A in steel, mine: ArcelorMittal

      The Luxembourg-based group also expressed optimism over its pact with state-run steel maker SAIL to establish a plant in India to cater to the rapidly expanding automotive sector.

    • Around 12 MT of iron ore stuck at Indian ports: Sources

      Around 12 MT of iron ore stuck at Indian ports: Sources

      Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.

    • Indian steel producers' margins to remain under pressure

      Indian steel producers' margins to remain under pressure

      Fitch Ratings says that the profit margins of Indian steel producers are likely to remain under pressure in H212.

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