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Steel Industry News

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Steel makers may raise prices of more products
Monday 6th Jun 2011    1347
Steel makers may raise prices of more products
 
Kolkata : After long products, steel majors are contemplating to raise the prices of cold rolled and galvanized steel used by the auto and consumer durable industries by Rs 500-1,000 a....
 
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Sterlite sets to get Rs. 1,100cr port project
Monday 6th Jun 2011    1350
Sterlite sets to get Rs. 1,100cr port project
 
Mumbai : Sterlite Group turned out to be the lone bidder for the upcoming iron ore export terminal at Mormugao Port involving an investment of Rs. 1,100 crore. In fact, the....
 
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Surplus output to hit stainless steel industry
Friday 3rd Jun 2011    1350
Surplus output to hit stainless steel industry
 
Mumbai : India’s stainless steel industry may have 1.3 million tonnes of surplus output by the end of next calendar year on the back of massive capacity additions by domestic producers.India’s....
 
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Tata Steel to start production from Orissa project by 2014
Friday 3rd Jun 2011    1355
Tata Steel to start production from Orissa project by 2014
 
Mumbai : Domestic steel major Tata Steel has said work on its greenfield project in Orissa is going on a war footing and that it is confident of starting production at....
 
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Steel project fail to take off in karnataka
Friday 3rd Jun 2011    1349
Steel project fail to take off in karnataka
 
Bengaluru : The Karnataka government,which attracted global steel majors a year ago,has seen little progress in realising their investment.One year after holiding the global investors meet(GIM) in june 2010,the progress in....
 
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Mahindra Ugine to spend Rs366.5 mln on new plant
Wednesday 1st Jun 2011    1344
Mahindra Ugine to spend Rs366.5 mln on new plant
 
Mumbai : Mahindra Ugine Steel Company Ltd said on Friday its board approved investing Rs 366.5 million to set up a stamping unit at Pantnagar in Uttarakhand.

The unit would meet....

 
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JSPL to augment Oman plant capacity to 5 mn tonne by 2016
Wednesday 1st Jun 2011    1375
JSPL to augment Oman plant capacity to 5 mn tonne by 2016
 
New Delhi : Jindal Steel and Power (JSPL) today said it will expand the capacity of its 1.5 million tonne steel plant in Oman to about 5 million tonne by 2015-16. JSPL, through....
 
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Essar Steel to revisit bond markets again
Tuesday 31st May 2011    1372
Essar Steel to revisit bond markets again
 
Mumbai : Waiting for market improvement; likely to revive last year’s plan of refinancing debt in coming quarter.

On its way to be a 10-million tonne steel company, Essar Steel India has....

 
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Indianconstructionindustry news alert:Mukand plans price hike by up to Rs 3,000/ tonne in July
Monday 30th May 2011    1342
Indianconstructionindustry news alert:Mukand plans price hike by up to Rs 3,000/ tonne in July
 
Mumbai : Specialty steel major Mukand plans to raise the prices of its products by Rs 2,000-3,000 per tonne in July, a top company official said today.We plan to raise our....
 
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Indianconstructionindustry Newsalert:Tata Steel remains top sectoral choice
Saturday 28th May 2011    1346
Indianconstructionindustry Newsalert:Tata Steel remains top sectoral choice
 
New Delhi : Tata Steel reported good consolidated PAT of R1,900 crore in Q4FY11, up 115% q-o-q but down 29% y-o-y and ahead of general expectations. Ebitda was R4470crore, about 5% lower....
 
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