Majority of these 59 blocks are iron ore mines situated in Odisha and Karnataka with around 85 million tonnes of approved annual capacity, the report highlighted.
Tata Steel’s European business is back to square one. Its management needs to identify alternative plans soon, and this time failure is not an option
The country's engineering exports rose by 6.36 percent to $83.7 billion in 2018-19 from $78.7 billion in 2017-18.
The progress of trade deal, Chinese inventory levels and economic stimuli programs and global economic outlook would largely guide the direction of steel.
Tata Steel’s investors have taken the European JV for granted and is reflected somewhat in valuations. A break-up could come as a rude shock
During the January-March 2018 period, the country had produced 27.40 MT of crude steel, the data showed.
India had produced 9.506 MT crude steel during the same month a year ago, the global steel industry body said in its latest report.
India's steel demand growth in 2019 and 2020 is expected to be way above others in the top five steel consuming countries
Tata Steel will step into a period of consolidation of capacity, with earnings relying more on product mix, steel prices and the benefits of restructuring
Since the volume game is not at play because of the peak capacity utilisation, the key would be the integration of stressed Usha Martin assets and deployment of the surplus cash in the books.
Seshagiri Rao, joint managing director and group CFO, JSW Steel said the Indian steel industry has created 27 million tonnes of incremental capacity, resulting in an average of 5-6 million tonnes of incremental capacity.
There’s an unexpected spring in China’s economy and if that continues, then metal producers should benefit in 2019
In 2018, the US imports of steel and aluminum products totalled USD 29.5 billion and USD 17.6 billion respectively, the report said adding that over the past decade steel imports have fluctuated significantly by value and quantity, while imports of aluminum have generally increased.
The crude steel production for the 64 countries reporting to the worldsteel was 137.27 MT in February, a 4.1 per cent increase compared to 131.92 MT in February 2018, the association said in its latest report.
ArcelorMittal’s resolution plan for Essar Steel is set to bring the curtains down on a high profile case in the insolvency process. Who won, who lost?
Speaking at a meeting of Hebei delegates at the National People's Congress in Beijing, Wang Dongfeng also said the province would reduce its concentration of PM2.5 - lung-damaging particulate matter of less than 2.5 microns in diameter - by at least 5 percent this year from 2018 levels.
The country had produced 9.354 MT during the same month in 2018, according to worldsteel's latest report.
RVNL functions as an extended arm of the Ministry of Railways. It is empowered to act as an umbrella special purpose vehicle (SPV) to undertake projects directly or by creating project specific SPVs, according to its website.
Within metal space, Tata Steel, Jindal Steel, and JSW Steel have been our preferred picks and we continue with the same, says Sameet Chavan, Chief Analyst - Technical & Derivatives at Angel Broking
Following the Lunar New Year holiday earlier this month, construction sites and manufacturing plants would typically restart business this week.
The MIP is the rate below which no imports are allowed.
The imports of the total finished steel grew 1.5 percent to 6.55 MT during April-January of 2018-18, compared with 6.45 MT in the year-ago period.
India's auto manufacturing sector is dominated by Maruti Suzuki, Hyundai Motor Co, Honda Motor Co and Ford Motor Co.
Tata Steel’s joint venture with Thyssenkrupp is a much anticipated event but it needs to clear the EU’s anti-trust hurdle. An update is due this week.
On January 25, worldsteel in its report noted that India's crude steel production in 2018 was at 106.5 MT, while as Japan produced 104.3 MT in 2018.