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Steel Industry News

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JSW announces massive production cut
Monday 26th Sep 2011    1350
JSW announces massive production cut
 
New Delhi : JSW Steel has gone for a massive production cut to 30% of capacity at its Vijayanagar plant in Karnataka "due to abrupt stoppage of iron ore".

"JSW Steel has been....

 
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Hindustan Prefab to set up six plants in 5 years
Monday 26th Sep 2011    1358
Hindustan Prefab to set up six plants in 5 years
 
New Delhi : State-run Hindustan Prefab today said it would set up six pre-fabricated concrete and steel components manufacturing plants across the country in the next five years, with an investment of....
 
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JSW Bengal faces fresh roadblocks
Sunday 25th Sep 2011    1355
JSW Bengal faces fresh roadblocks
 
Kolkata : Mamata Banerjee’s assurance over land allotment, coal access falls flat.

Two weeks after West Bengal Chief Minister Mamata Banerjee assured JSW Steel vice chairman and managing director Sajjan Jindal that....

 
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SPV for Sindri revival in 2-3 months: SAIL
Thursday 22nd Sep 2011    1386
SPV for Sindri revival in 2-3 months: SAIL
 
New Delhi : Steel Authority of India (SAIL) today said it was hopeful of creating a special purpose vehicle (SPV) for revival of the Sindri unit in two-three months at a cost....
 
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Steel Min wants 30% duty on iron ore exports
Friday 23rd Sep 2011    1357
Steel Min wants 30% duty on iron ore exports
 
New Delhi : Steel Minister Beni Prasad Verma today said he had written to the Finance Ministry urging to hike export duty on iron ore to 30 from the current 20 percent

We....

 
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Tata steel: Global concerns cloud near-term prospects
Friday 23rd Sep 2011    1352
Tata steel: Global concerns cloud near-term prospects
 
Mumbai : The eurozone crisis could hurt the company’s performance in the next 2-3 quarters, but its move to enhance input security and raise domestic output would help profitability in the....
 
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Tata Steel commits Rs 40 cr for CSR at Gopalpur park
Wednesday 21st Sep 2011    1349
Tata Steel commits Rs 40 cr for CSR at Gopalpur park
 
Kolkata : Tata Steel proposed to invest about Rs 33.50 crore on environment protection and Rs 40 crore towards corporate social responsibility (CSR) activities for its industrial park coming up at....
 
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Chhattisgarh govt slams legal notice to Jindal Group on coal royalty
Wednesday 21st Sep 2011    1366
Chhattisgarh govt slams legal notice to Jindal Group on coal royalty
 
Kolkata : Jindal Group, the single largest private investor in Chhattisgarh, had been served notices by the state government to pay the due royalty on coal that it had been mining....
 
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Steel companies plan to lay off workers due to raw material crisis
Wednesday 21st Sep 2011    1350
Steel companies plan to lay off workers due to raw material crisis
 
kolkata : Stifled by poor iron ore supply amid high rates, steel companies in the state are planning to lay off workers at their plants.

"We have taken this decision as a....

 
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India may add 60 mn tonne steel capacity by 2016-17
Monday 19th Sep 2011    1354
India may add 60 mn tonne steel capacity by 2016-17
 
New Delhi : India is likely to add a little over 60 million tonne crude steel making capacity by the end of 12th Plan period (2012-17) which requires around Rs 2.5 lakh....
 
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