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Steel Industry News

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Jindal Steel to bid for Australia's Bandanna
Thursday 28th Jul 2011    1351
Jindal Steel to bid for Australia's Bandanna
 
New Delhi : Jindal Steel & Power on Thursday posted a marginal decline in its quarterly profit and warned that FY12 may not be a "very good year" as steel consumers, hurt....
 
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For JSW Steel, the Yeddyurappa scam in Karnataka can have a nasty ricochet
Friday 29th Jul 2011    1346
For JSW Steel, the Yeddyurappa scam in Karnataka can have a nasty ricochet
 
Mumbai : JSW Steel, currently India’s biggest steel maker, is set to find itself in a corner for a second time this year when the Karnataka government takes action on the....
 
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JSW Steel in the dock for getting illegal ore supply
Friday 29th Jul 2011    1352
JSW Steel in the dock for getting illegal ore supply
 
Bengaluru : State exchequer lost Rs 325 crore, says Lokayukta.Karnataka Lokayukta Santosh Hegde has put JSW Steel in the dock for what it terms “getting illegal supply of iron ore" far....
 
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NEWSALERT: ArcelorMittal Q2 EBITDA at $3.4 bn
Thursday 28th Jul 2011    1352
NEWSALERT: ArcelorMittal Q2 EBITDA at $3.4 bn
 
Mumbai : World's one of the lrgest steel company, ArcelorMittal, founded by Indian origin Lakshmi Mittal, today posted its EBITDA for the second quarter at $3.4 bn.
 
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Sluggish demand, high costs concern for steel companies
Thursday 28th Jul 2011    1347
Sluggish demand, high costs concern for steel companies
 
Mumbai : Contrary to the 8-10 per cent annual growth prediction, the steel industry witnessed only 1.5 per cent growth in consumption for the April-June period due to high interest rates.

Although....

 
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Steel production to be over 150 mt by 2020
Wednesday 27th Jul 2011    1355
Steel production to be over 150 mt by 2020
 
New Delhi : Minister of steel Beni Prasad Verma on Tuesday said that the country’s production capacity is expected to increase to more than 150 million tonnes (mt) by 2020 from 60....
 
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Interest rate hike to hit Ispat turnaround
Wednesday 27th Jul 2011    1351
Interest rate hike to hit Ispat turnaround
 
Mumbai : The turnaround of Ispat, which hinges on one to two per cent reduction in interest rates, could be a casualty of the Reserve Bank of India’s (RBI) decision to....
 
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India to be 2nd-largest steel producer by 2013: minister
Wednesday 27th Jul 2011    1371
India to be 2nd-largest steel producer by 2013: minister
 
Mumbai : Steel Minister Beni Prasad Verma today exuded confidence that India would become the world's second-largest producer of the alloy by 2013, with an installed annual production capacity of 120....
 
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JSW Steel Q1 net surges 64% to Rs 485 cr
Wednesday 27th Jul 2011    1344
JSW Steel Q1 net surges 64% to Rs 485 cr
 
Mumbai : JSW Steel has posted a 64.25% rise in its consolidated net profit at Rs 485.16 crore for the quarter ended June 30, 2011. The firm's net profit stood was....
 
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Korea, India to Cooperate on Nuclear Power

Tuesday 26th Jul 2011    1352
Korea, India to Cooperate on Nuclear Power
 
New Delhi : President Lee Myung-bak and his Indian counterpart Pratibha Patil met at Cheong Wa Dae on Monday and signed an agreement pledging cooperation in nuclear energy. Cheong Wa Dae officials....
 
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