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Steel Industry News

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Reliance Steel to acquire Continental Alloys
Friday 15th Jul 2011    1245
Reliance Steel to acquire Continental Alloys
 
Mumbai : Metals processor Reliance Steel & Aluminum Co said on Thursday it had agreed to acquire Continental Alloys & Services Inc.

Terms were not made public, but the transaction is expected....

 
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Steel prices to rise in spite of auto slowdown
Friday 15th Jul 2011    1246
Steel prices to rise in spite of auto slowdown
 
Kolkata : Prices of flat and long steel products are likely to increase from next month, on the back of increased costs and low inventory levels. Steel industry representatives indicated the domestic....
 
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Bhuwalka Steel surges on fixing record date for bonus issue
Friday 15th Jul 2011    1248
Bhuwalka Steel surges on fixing record date for bonus issue
 
Mumbai : Bhuwalka Steel Industries has surged 6% at Rs 55.50 after the company fixed July 22 as the record date for the bonus issue in the ratio of 1:1.

“The board....

 
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Readymade Steel plunges on FII exit
Friday 15th Jul 2011    1254
Readymade Steel plunges on FII exit
 
Mumbai : Readymade Steel India has dipped 9% at Rs 60.20, extending previous session's 39% decline, after the foreign institutional investors (FIIs) sold their entire stake in the company via a....
 
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Bhuwalka Steel surges on fixing record date for bonus issue
Thursday 14th Jul 2011    1264
Bhuwalka Steel surges on fixing record date for bonus issue
 
Mumbai : Bhuwalka steel industries has surged 6% at Rs 55.50 after the company fixed July 22 as the record date for the bonus issue in the ratio of 1:1.

The stock....

 
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GTL likely to go for debt restructuring
Friday 15th Jul 2011    1254
GTL likely to go for debt restructuring
 
Mumbai : Equity infusion of Rs 2,000 crore likely, SBI Capital’s advisory report expected by end of month.

Cash-strapped telecom infrastructure company, GTL Limited is likely to head for corporate debt restructuring....

 
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Steel prices to rise in spite of auto slowdown
Friday 15th Jul 2011    1248
Steel prices to rise in spite of auto slowdown
 
Kolkata : Prices of flat and long steel products are likely to increase from next month, on the back of increased costs and low inventory levels.

Steel industry representatives indicated the domestic....

 
view more..
 

Auto steel makers face pressure as car demand withers
Thursday 14th Jul 2011    1247
Auto steel makers face pressure as car demand withers
 
Mumbai : Auto-grade steelmakers in the country have started to feel the pinch of dwindling car sales. The outlook is cautious and the steel manufacturers are staring at a drop in....
 
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Readymade Steel makes weak debut, falls 40%
Thursday 14th Jul 2011    1366
Readymade Steel makes weak debut, falls 40%
 
Mumbai : The shares of Readymade Steel India, which made its debut on Wednesday, fell below its issue price on the first day itself.

On the Bombay Stock Exchange (BSE), the shares....

 
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L&T targets Rs. 30,000cr expansion in Orissa
Wednesday 13th Jul 2011    1256
L&T targets Rs. 30,000cr expansion in Orissa
 
Orissa : Construction and engineering major Larsen and Toubro Limited (L&T) in a mega investment drive has decided to set up one more power plant and also a steel plant involving....
 
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