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Steel sector News

23 Sep 2019

Steel sector not witnessing any major slowdown: SAIL chairman Anil Chaudhary

Commenting on ratings given by different global rating agencies, SAIL chief Anil Kumar Chaudhary remarked that these agencies keep on changing their outlook with the change in circumstances.

12 Feb 2018

Tata to invest in Port Talbot steel plant post-Thyssenkrupp merger: Sources

The global steel sector is emerging from a crisis in which global prices slid to 12-year lows in late 2015.

Union Budget 2018

30 Jan 2018

Union Budget 2018: Here's what the steel sector expects from the Modi govt

The Union Budget will be presented on February 1, 2018.

18 Jul 2017

GST to be positive for auto, retail; negative for SMEs: Fitch

New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas, and SME sectors, Fitch Ratings said on Tuesday.

01 Jan 2017

Tata Steel hopes to get back normalcy soon

Private steel major Tata Steel on Sunday expressed confidence that the situation would be back to normal in the next quarter after the company's performance was impacted temporarily in November last owing to demonetisation.

India steel industry

19 Jun 2016

'India to equal world per capita steel consumption in 10 years'

A sustained government spending on infrastructure like roads, railways, power and housing will propel India into the league of top global steel consuming nations in the next 10 years, a top official of domestic steel giant SAIL has said.

12 Apr 2016

Tata Steel shares down 4% as co starts sale of UK biz

Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.

31 Mar 2016

Tata''s UK steel exit raises expectations of European mergers

Tata Steel`s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.

23 Nov 2015

Govt mulls steps to help steel, aluminium sectors

Government is considering "proactive steps" to improve the health of steel and aluminium sectors which are reeling under the impact of decline in global prices, Finance Minister Arun Jaitley said Monday.

18 Apr 2015

NMDC slashes iron ore prices by up to 20%

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

24 Dec 2014

Steel sector stares at tough times in 2015, but hope afloat

With an above-global average output growth, India has retained its position as the world's fourth-largest steel producer this year but faces tough times ahead in 2015 amid growing imports and other concerns.

20 Oct 2014

Tata Steel's recent plans credit positive: Moody's

Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.

27 Jun 2014

Steel sector needs Rs 12L cr investment by 2030: Ministry

Investments of around Rs 12 lakh core would be required in steel sector by 2030 to treble the country's installed capacity to 300 million tonnes per annum (mtpa), Prime Minister Narendra Modi was informed Friday.

Inter-ministerial panel

06 Jun 2014

Panel meet on coal supply to end-use plants next week

An inter-ministerial panel to look into the issues pertaining to coal supply to end-use plants in the steel and cement sectors will now meet on June 11.

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