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Steel Industry News

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Supply fears keep iron ore in tight range
Thursday 11th Aug 2011    1351
Supply fears keep iron ore in tight range
 
Mumbai : Firm Chinese demand bumps against mining, shipment curbs here.

Iron ore moved in a tight range on Wednesday, as firm Chinese buying restrained the commodity from a steep fall after....

 
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Bengal to vest 270 acres of JSW land at Salboni
Thursday 11th Aug 2011    1354
Bengal to vest 270 acres of JSW land at Salboni
 
Kolkata : The West Bengal government has decided to vest the 270 acres, directly purchased by Sajjan Jindal-promoted JSW Bengal Steel at Salboni in West Medinipur, with it. “After vesting the land,....
 
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Tata Steel launches 360° campaign with Rs 50 cr estimated spend

Wednesday 10th Aug 2011    1352
Tata Steel launches 360° campaign with Rs 50 cr estimated spend
 
Mumbai : Tata Steel has undertaken a 360 degree approach for its latest campaign, titled ‘Values stronger than steel’. Created by Ogilvy & Mather, the campaign spans all mediums of communication.....
 
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Q&A: C S Verma, CMD, SAIL
Wednesday 10th Aug 2011    1349
Q&A: C S Verma, CMD, SAIL
 
New Delhi : State-run Steel Authority of India Ltd (SAIL) has drawn up ambitious plans to invest over Rs 70,000 crore to increase its production capacity by two-thirds to 24 million tonnes....
 
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S&P raises Tata Steel rating
Wednesday 10th Aug 2011    1352
S&P raises Tata Steel rating
 
Jamshedpur : India-based Tata Steel raised US $2.8 billion through its deleveraging measures in the past seven months. In addition, we expect the company to maintain its significantly improved consolidated operating....
 
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MOIL to increase output to offset price decline
Tuesday 9th Aug 2011    1376
MOIL to increase output to offset price decline
 
New Delhi : MOIL Ltd, India’s biggest manganese ore producer, sees a tight market for at least two to three years.

KJ Singh, chairman and managing director, told DNA that while the....

 
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M&M, ONGC, Coal India may give better downside protection: CLSA
Monday 8th Aug 2011    1350
M&M, ONGC, Coal India may give better downside protection: CLSA
 
New Delhi : Asia's leading brokerage and investment group sees broad-based slowdown in India's growth story.

Going forward risk aversion will lead to rise in cost of capital which will thereby lead to....

 
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India’s Steel Ministry’s Firoz Expects Slowdown in Manufacturing
Monday 8th Aug 2011    1352
India’s Steel Ministry’s Firoz Expects Slowdown in Manufacturing
 
Mumbai : A.S. Firoz, chief economist at India’s steel ministry, comments on the impact of the U.S. credit rating downgrade on India. Indian shares plunged today after Standard & Poor’s lowered the....
 
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Nifty hits 14-month low below 5,000
Tuesday 9th Aug 2011    1350
Nifty hits 14-month low below 5,000
 
New Delhi : The rout in the equities, which began late last week continues. Key benchmark indices tumbled in opening trade as stocks fell across the world as worries about global economic....
 
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JSW Steel plans to operate its plants at around 80% capacity
Monday 8th Aug 2011    1351
JSW Steel plans to operate its plants at around 80% capacity
 
New Delhi : This relief not only provides breather to the steel industry in the region but also assists in continuation of employment and livelihood for people employed in this sector. It is....
 
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