Steel Sector

Dharmendra Pradhan to begin three-nation tour from today; will visit Saudi Arabia, UAE, Qatar to seek enhanced cooperation in fossil fuel, energy sector

Union petroleum and natural gas minister Dharmendra Pradhan will embark on a three-nation visit to Saudi Arabia, the UAE and Qatar from 7 to 12 September to engage with his counterparts in oil and gas as well as steel sectors in these countries

Stressed steel assets may see lower recovery rates in second round; flat steel segment's growth may moderate to 5-5.5%

Sixteen of the accounts were in the steel sector, where the haircut required was a lower 47 percent, as compared to 69 percent for other sectors.

SAIL declines government call for dividend for FY18, steelmaker says it does not have 'any cash'

SAIL's refusal could make it harder for the government to meet its budgeted target of raising 1.06 trillion rupees from the dividends and profit of state-owned companies

Positive growth in steel sector, trend to continue with improving economic activities across the world: Tata Steel

Tata Steel Ltd CEO and Managing Director TV Narendran hailed the initiatives taken by the state and the Union government for the betterment of the steel sector

Donald Trump welcomes JSW Steel's proposed $1 billion investment in Texas and Ohio mills

Donald Trump has welcomed the JSW Steel's proposed $1 billion investment in its Texas and Ohio steel mills, the company said

NCLT resolution to settle over Rs 1.6 lakh cr of debt in steel sector: Crisil report

Resolution of insolvency cases in NCLT against the stressed steel companies will settle over half of steel sector's outstanding debt of Rs 3.26 lakh crore, and consolidate the sector further, said a Crisil report

India will be Number 2 steel producer surpassing Japan soon, says steel secretary Aruna Sharma

We are just waiting to declare ourselves number two once we get quarterly results or half-yearly results

JSW Steel Q4 profit triples to Rs 1,008 crore against Rs 300 cr in FY16

JSW reported a consolidated net profit of 10.09 billion rupees ($157 million) for January-March, against 3.01 billion rupees a year ago

Budget 2017: Steel Min seeks import duty reduction on coking coal, nickel

While the import duty on nickel is five percent, in the case of coking coal, it is 2.5 percent now.

Tata Steel in advance talks to buy parts of Germany's ThyssenKrupp

Earlier this week, Indian giant Tata Steel put its British business up for sale