NEWS

Jindal Steel and Power Limited (JSPL), India’s leading steel and power major has  dedicated its 6 MTPA Integrated Steel Plant at Angul to the Nation. Odisha’s Largest and  Most-Modern Integrated Steel Plant was dedicated to the Nation by Honorable Chief Minister of Odisha, Shri Naveen Patnaik on May 27th, 2017.…

ArcelorMittal and steel processor Marcegaglia have won a bid to buy troubled Italian steel plant Ilva, a source with knowledge of the matter said on Friday. The world's top steelmaker and its Italian partner offered just under 2 billion euros ($2.24 billion) for the loss-making plant, Europe's biggest by output…

Nucor Steel Gallatin, a mainstay of the state’s primary metals industry, which produces rolled steel sheet used in various automotive applications, agricultural equipment, energy and other consumer products, will build a galvanizing line at its mill in Ghent, Kentucky. The company plans to invest $176 million and create 75 full-time…

The government's recent decision to impose a five year definitive anti-dumping (ADD) duties on import of hot-rolled (HR) and cold-rolled (CR) flat steel products is likely to create a more stable operating environment for domestic flat steel players, ratings agency ICRA has said. The definitive ADD has been fixed at…

ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The two companies are close to ironing out key commercial terms to close the deal, including non-compete and exit clauses as…

Japan's top steelmaker Nippon Steel & Sumitomo Metal is considering measures to counter volatile coking coal prices, such as contracts of varying lengths and seeking out supply sources outside of Australia, its senior official said. Japanese steelmakers have suffered heavy costs from surging coking coal prices and were forced to…

Jindal Steel and Power plans to increase its total steel capacity by as much as 50 percent this fiscal year and turn profitable by 2018/19, its chief executive said, after the company showed its losses narrowing in the fourth quarter. The company is commissioning 4 million tonnes of additional steel…

Global output of steel, a gauge of economic health, jumped 5 percent in April, extending a surge seen in the first quarter, industry data showed on Tuesday. The data pointed to a rebound in demand but also prompted concerns about oversupply. Producers in the world's second largest industry after oil…

India has emerged as the second largest stainless steel producer in the world after China. India overtook Japan as the second-biggest producer in 2016, according to data released by the International Stainless Steel Forum (ISSF) at their annual conference held recently between May 14-19, 2017 at Tokyo, Japan. The International…

Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, on Monday said it would hold its product prices steady for a fourth month in June. "We will stick to the current prices since activity in the domestic steel market is slow and spot prices remain at a standstill,"…