Production of hot metal stood at 10.7 mn t for Steel Authority of India (SAIL) during April-December (2012-13), while that of crude steel was at 10.09 mn t. Its output increased 2 per cent to 9.25 million tonne (mn t) during this period, over the same period in 2011-12. During the period under review, the company said the rate of growth in the saleable steel production at par with the g
Category: Materials
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India steel demand may grow faster than global growth
According to industry players, steel demand in India would grow faster than the demand growth across the globe during 2013 because of better economic growth in the country. According to Chandra Shekhar Verma, Chairman of Steel Authority of India (SAIL), India is a "demand centre where steel growth would rise in multiples of 1.2 of gros
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ArcelorMittal to trim debt via stake sale
As part of its strategy to offload assets and reduce debt, ArcelorMittal decided to sell 15 percent stake in Canada's Labrador Trough iron ore mining and infrastructure asset. The stake would be bought by a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp in a deal valued at $1.1 billion, repo
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Rising input cost prompts JSW to hike steel prices
Considering the increase in input cost, JSW Steel decided to hike steel prices by about 2 per cent. The company spokesperson is reported to have said that it has not hiked steel prices in the last three months whereas input costs and steel prices in international market have gone up significantly
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JSW Ispat is the 2nd largest steel firm
JSW Ispat Steel is the second largest steel company in the country with a capacity of 14.3 million tonne per annum. The company became the second largest steel producer following the merger of Sajjan Jindal-led JSW Steel with JSW Ispat (formerly Ispat Industries). JSW Steel acquired Ispat Industries from the Mittals in December 2010 for Rs 2,160 crore.
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Revival in demand enables steel firms to hike prices
Industry watchers feel that demand for steel has improved recently and this enabled steel makers to raise price of their products. It is learnt that there has been a five to seven per cent price hike in both flat and long steel products on a year-on-year basis. Rashtriya Ispat Nigam (RINL) increased rates by Rs 500 per tonne this month when it followed most of the
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Land, green clearance hit steel projects
Some industry observers feel that governmentĆās policy affected many steel projects in the country. According to one estimate, at least 35-40 million tonne of capacity has been cancelled or postponed over the past few years, putting a question mark over the steel ministryĆās dream of taking the installed capacity to 200 million tonne from 90 million tonne now
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Nalco plans alumina refinery project in Kutch
National Aluminium Company (Nalco) was incorporated in 1981 as a public sector enterprise of the central government and it has Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
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Nalco plans alumina refinery project in Kutch
National Aluminium Company (Nalco) was incorporated in 1981 as a public sector enterprise of the central government and it has Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
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WB govt seeks national policy on iron ore
In order to ensure even distribution of raw materials for steel industry across states in the country, the West Bengal government demanded a national policy on iron-ore, on the lines of the coal policy from the centre. Call for such a policy comes while the steel industry, particularly the secondary players, in the state, face prob