Moneycontrol PRO
Open App
you are here: HomeNewsSteel
steel
Jump to
  • Govt sets up two advisory committees to iron out challenges in steel industry Oct 05, 2022 12:36 PM IST

    Govt sets up two advisory committees to iron out challenges in steel industry

    Members of the steel industry, associations, academia, and senior retired government officials are members of the two separate committees formed for integrated steel plants (ISPs) and the secondary steel sector, according to a steel ministry document.

  • India proposes 15% retaliatory duties on 22 items imported from UK against curbs on steel products Sep 28, 2022 09:15 PM IST

    India proposes 15% retaliatory duties on 22 items imported from UK against curbs on steel products

    In a communication to the World Trade Organisation (WTO), India said it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 2,19,000 tonnes on which the duty collection would be USD 247.7 million.

  • Bengal steel units turning 'uncompetitive' with high power tariff: Industry bodies Sep 26, 2022 07:46 PM IST

    Bengal steel units turning 'uncompetitive' with high power tariff: Industry bodies

    A body of power consumers claimed that the tariff of Damodar Valley Corporation is now Rs 6.5 per unit in West Bengal, which is "higher by Rs two" than that in neighbouring Jharkhand.

  • Commodity Live: Metals, Gold Prices Fall As US Dollar Strengthens; Time To Buy Or Stay Cautious? Sep 26, 2022 01:06 PM IST

    Commodity Live: Metals, Gold Prices Fall As US Dollar Strengthens; Time To Buy Or Stay Cautious?

    Find out the latest in commodities with Karunya Rao and Manisha Gupta.

  • The importance of green steel in reducing carbon emissions | Climate | MC Explains Sep 14, 2022 02:00 PM IST

    The importance of green steel in reducing carbon emissions | Climate | MC Explains

    The steel industry is among the three biggest producers of carbon dioxide. In India, the industry accounts for 12 percent of the total carbon emissions. So, what can the industry do to minimize the harm to the environment? What is Green Steel? And which companies have committed to moving towards it? Watch this video to find out

  • The gas crisis in Europe may queer the pitch for these sectors Sep 08, 2022 10:42 AM IST

    The gas crisis in Europe may queer the pitch for these sectors

    European nations are staring at troubles both economic and political, which can have a contagion effect on multiple industries and trading partners

  • Govt may invite preliminary bids by March for sale of NMDC's steel plant Sep 05, 2022 07:52 AM IST

    Govt may invite preliminary bids by March for sale of NMDC's steel plant

    .The official said that NMDC's under-construction steel plant in Chhattisgarh is expected to commence operation this month, and once the demerger process is complete, the Department of Investment and Public Asset Management (DIPAM) will proceed with the privatisation of Nagarnar Steel Plant.

  • Steel prices in India to remain under pressure over near future: Icra Sep 02, 2022 05:45 PM IST

    Steel prices in India to remain under pressure over near future: Icra

    The rating agency also expects the steel demand in the domestic market to grow at 7-8 per cent in the current financial year, making the country the fastest-growing large steel markets globally this year.

  • Core sector growth slows to 4.5% in July Aug 31, 2022 05:14 PM IST

    Core sector growth slows to 4.5% in July

    In June, eight core sectors grew by 13.2 percent.

  • Tata Steel to invest over 65 million euros for hydrogen-based steel manufacturing in Netherlands Aug 31, 2022 06:57 AM IST

    Tata Steel to invest over 65 million euros for hydrogen-based steel manufacturing in Netherlands

    Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden.

  • Net zero: Why is Tata Steel UK asking the British government to shell out £1.5 billion? Aug 28, 2022 09:25 AM IST

    Net zero: Why is Tata Steel UK asking the British government to shell out £1.5 billion?

    Tata Steel UK has asked for £1.5 billion for the transition to green energy, in the absence of which it might make an exit. It plans to replace the carbon-intensive blast furnaces with electric arc furnaces.

  • Chart of the Day | China's steel output in the doldrums Aug 24, 2022 01:21 PM IST

    Chart of the Day | China's steel output in the doldrums

    China’s steel fell by 6.4 percent in July over a year ago and 10.2 percent over June. While the rest of the world is faring no better, India kept its head above water

  • Vedanta: What's the big pull for investors? Aug 22, 2022 09:26 AM IST

    Vedanta: What's the big pull for investors?

    Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles

  • Stock Market Live: Steel stocks are rallying, should you participate? | Markets with Santo & CJ Aug 17, 2022 08:54 AM IST

    Stock Market Live: Steel stocks are rallying, should you participate? | Markets with Santo & CJ

    Steel stocks have seen strong gains in recent weeks but CLSA India believes it's unsustainable and so does Santo. But, CJ is adamant that market is sensing a recovery rally in the sector. Watch the duo lock horns over the fate of the Indian steel stocks plus their thoughts of Max Health and HDFC AMC.

  • Steel players expect govt to withdraw export duty; to go ahead with capex plans Aug 07, 2022 11:55 AM IST

    Steel players expect govt to withdraw export duty; to go ahead with capex plans

    On May 21, the government hiked the duty on exports of iron ore by up to 50 per cent and for a few steel intermediaries to 15 per cent. It also waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry.

  • Steel export duty may halve or vanish as prices soften Aug 05, 2022 09:16 AM IST

    Steel export duty may halve or vanish as prices soften

    The 15 percent export duty imposed on 22 May might be halved or abolished by the end of the month.

  • India planning carbon credit market for energy, steel and cement Aug 03, 2022 07:35 AM IST

    India planning carbon credit market for energy, steel and cement

    The platform is likely to be announced by Prime Minister Narendra Modi at Independence Day celebrations on August 15, according to people with the knowledge of the plan.

  • Uncertainties multiply for Tata Steel Jul 27, 2022 01:22 PM IST

    Uncertainties multiply for Tata Steel

    Europe’s rescue act may not repeat in forthcoming quarters and India too faces its share of challenges

  • India's steel output grows 6% to 10 MT in June: worldsteel Jul 26, 2022 03:56 PM IST

    India's steel output grows 6% to 10 MT in June: worldsteel

    As per the World Steel Association (worldsteel) data, India is the only country which has registered a positive growth in its steel output during June.

  • Steel prices fell to Rs 70,915/tonne in June on duty cut, says Minister Faggan Singh Kulaste Jul 26, 2022 07:21 AM IST

    Steel prices fell to Rs 70,915/tonne in June on duty cut, says Minister Faggan Singh Kulaste

    Steel is one of the most widely-used alloy and any movement in its prices impacts the consumers in sectors like infrastructure and automobile.

  • Tata Steel ropes in Australia's BHP to jointly study low-emission steelmaking technology Jul 20, 2022 03:21 PM IST

    Tata Steel ropes in Australia's BHP to jointly study low-emission steelmaking technology

    The partnership aims to help both companies progress toward their climate change goals, and support India’s ambitions to be carbon-neutral by 2070.

  • No proposal to merge SAIL, RINL under consideration, says junior steel minister Jul 19, 2022 01:05 PM IST

    No proposal to merge SAIL, RINL under consideration, says junior steel minister

    India has proposed selling 100 percent stake in RINL along with management control by way of privatisation, a proposal which has led to agitation by trade unions

  • Steel companies singed by export levy Jul 08, 2022 01:03 PM IST

    Steel companies singed by export levy

    Tata Steel's steel sales fell by 20 percent sequentially in June quarter after exports suffered due to the levy

  • Govt directs steel industry to draw time-bound action plan to lower CO2 emissions Jul 04, 2022 12:11 PM IST

    Govt directs steel industry to draw time-bound action plan to lower CO2 emissions

    According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. Thus, the Indian steel industry needs to reduce its emissions substantially in view of the commitments made at the COP26 climate change conference.

  • Specialty steel: Govt extends deadline to apply for PLI scheme fourth time till July 31 Jun 30, 2022 09:56 AM IST

    Specialty steel: Govt extends deadline to apply for PLI scheme fourth time till July 31

    Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. It was later extended till April 30, and again to May 31, 2022. Then it was extended till June 30.

Sections
ISO 27001 - BSI Assurance Mark