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Steel Industry News

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Steel demand growth may slow as interest rates climb

Thursday 23rd Jun 2011 1250

Mumbai : India’s first-half steel demand growth may slow as surging interest rates sap demand for homes and automobiles and delays in land acquisition and environmental clearances hold up public works. The....

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Tata Steel accepts $130-mn to settle UK plant loss

Thursday 23rd Jun 2011 1235

Mumbai : Tata Steel’s arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year....

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Steel industry should go for green tech: SAIL chief

Wednesday 22nd Jun 2011 1244

New Delhi : There is a need to embrace green technologies for healthy growth of the steel industry, SAIL Chairman CS Verma said today.

"There is an immediate need for consensus building among....

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Steel Min submits HSCL's restructuring plan to CCEA

Tuesday 21st Jun 2011 1245

New Delhi : Steel Ministry today submitted Kolkata-based Hindustan Steel Works Construction's (HSCL) Rs 1,440 crore financial restructuring plan before the Cabinet Committee on Economic Affairs (CCEA). "The note has been submitted for....

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Essar Steel commissions steel service centre in Dubai

Tuesday 21st Jun 2011 1240

Mumbai : Essar Steel today said its steel processing arm - ESPD has commissioned a service centre facility at Dubai, ramping up its annual international capacity to one million tonne.

"Set up....

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