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Indian steel industry has transformed substantially during 2018-19, with several mills changing ownership under IBC, commissioning of new capacities, as well as unveiling of new expansion plans by some of the Indian...

Posted By : Ratan Singh 4 hours 33 minutes ago
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India Ratings and Research has published the credit news digest on India’s steel sector for July 2019. The report highlights the demand-supply scenario, price trends, imports & exports in both India and China,...

Posted By : Ratan Singh 4 hours 36 minutes ago
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thyssenkrupp announced that it has filed a complaint with the General Court of the European Union against the European Commission's decision to prohibit the formation of a European flat steel joint venture with Tata...

Posted By : Ratan Singh 4 hours 38 minutes ago
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ArcelorMittal Brazil has extended the stoppage of its Tubarao's Blast Furnace No 2 to the end of the year, from an initially expected 70-day time frame. Company CEO Flat Carbon South America Mr Benjamin Baptista on the...

Posted By : Ratan Singh 4 hours 39 minutes ago
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After revealing plans to let go of up to 200 workers at its Great Lakes facility in Michigan, US Steel announced on Friday that it will idle a plant in East Chicago in Indiana by mid-November as part of the...

Posted By : Ratan Singh 4 hours 42 minutes ago
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New Indian Express reported that Visa Steel has shut down its 1.5 million tonne integrated steel plant at Kalinga Nagar on Friday. With the retrenchment of 350 workers from its two furnaces, all units of ferrochrome...

Posted By : Ratan Singh 4 hours 43 minutes ago
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A new tourist site in the UAE relies on the enduring properties of steel for the longest zipline in the world, resulting in a unique and thrilling experience. The UAE’s remote Ras Al Khaimah mountain range is perhaps...

Posted By : Ratan Singh 4 hours 46 minutes ago
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Edelweiss said that Steel Authority of India Limited’s relative performance is likely to remain subdued with expected EBITDA per tonne is likely to remain at INR 5,600 through to FY21. SAIL’s) Q1FY20 EBITDA of INR...

Posted By : Ratan Singh 4 hours 47 minutes ago
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Deccan Chronicle reported that Rashtriya Ispat Nigam Limited is facing a severe financial crisis, so much so that it is finding it difficult to even pay salaries to its employees. For the first time since its inception,...

Posted By : Ratan Singh 4 hours 51 minutes ago
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Chinese steel producer Shandong Iron and Steel Groups Shandong Province based subsidiary Shandong Iron and Steel Co Ltd has reported net profit slump 65.58% YoY in the first half of 2019. The company's net profit...

Posted By : Ratan Singh 4 hours 53 minutes ago
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