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Trade war set to slash China's steel exports, aggravating oversupply at homeCHINA-STEELEXPORTS/ (PIX)Trade war set to slash China's steel exports, aggravating oversupply at home- Visa Steel seeks shareholders' nod for merger of JV firm Visa Bao to rationalise costsVBL is a joint venture (JV) between VSL and Baosteel of China, with VSL holding 65 per cent stake and the remaining with Baosteel.
- Novel menus trending in new age restaurantsWith pulled kathal and drinks in mason jars, formulaic menus are trending in restaurants. You aren’t a fashionable foodie if you haven’t tu...
- Steel firms like JSW Steel, Tata Steel and SAIL to take some time to get shine backIndian steel manufacturers, which were under pressure due to overcapacity in the Chinese market, may find some relief.
- Some relief for Indian steel players as China plans to shut down junk cosThe government of China has laid out a reform plan to improve the high supply issue by shutting down the junk companies.
- Baosteel of China to pick up a 5% stake in Kolkata based Visa SteelVisa Steel holds 65% stake in Visa Bao, with the Chinese partner holding the remaining 35% shareholding in the company.
- Visa Steel Q1 net up 33 per centVisa Steel on Tuesday said its fiscal first quarter net profit grew 33% led by higher production volumes and firmer prices.
- Class Act: SAIL moves up to 2nd spot on the World Steel Dynamics listWorld Steel Dynamics has ranked state-owned steelmaker SAIL second in its list of world-class steelmakers, giving the company the right exp...
- ArcelorMittal to invest $5 bn in new steel mill in BrazilArcelorMittal SA, the world's largest steelmaker, plans to invest $5 billion to build a new steel mill in Brazil, CEO Lakshmi Mittal said i...
- SAIL steels spot in global league with record profit runThe economic slowdown has brought the best from SAIL as it has become the most profitable steel co globally beating steel biggies like Arce...
- Visa Steel posts dip in net profit to Rs 10.06 croreVisa Steel has posted a dip in net profit to Rs 10.06 crore in the quarter ended June 30, 2009, compared to a net profit of Rs 48.51 crore ...
- Visa Steel hikes stake in JV with Chinese BaoDomestic steel producer Visa Steel has raised its stake to 65 per cent in Visa Bao Ltd, the joint venture with Chinese steel major Bao Stee...
- NMDC seeks up to 97pc jump in iron ore prices from int playersNMDC is seeking up to 97 pc increase in iron ore prices from foreign steel makers, a move that could have similar repercussions on the dome...
- China’s Bao Steel acquires 35% in JV with Visa SteelBao Steel of China has picked up 35% stake in a joint venture with Visa Steel. The new company, Visa Bao was incorporated earlier this mont...
- Krakatau considering strategic tie-up with Essar, IspatIndonesian state-run PT Krakatau Steel is considering a strategic alliance with four global steel companies including Essar and Ispat to im...
- VISA Steel forms JV with BaosteelVisa Steel Ltd has entered into a joint venture with Baosteel Trading of China and VISA Comtrade of Switzerland for setting up a 1,00,000 t...
- Vietnam gives okay to Tata Steel ventureThe Vietnam government on Monday gave the go-ahead to Vietnam Steel Corporation to work with Tata Steel to set up a $3.5-billion steel comp...
- Tata Steel breaks into Fortune 500The acquisition of Corus will propel Tata Steel into the Fortune 500 list, making it one of the eight steel companies, globally that figure...
- Sesa Goa to pitch for 9.5% rise in ore contract priceSesa Goa, now in the throes of a sell-out bid by its 51% stakeholder Mitsui of Japan, is planning to start negotiations on annual price con...
- Great Wall erected against MittalFearing an attack by the takeover tycoon, the Chinese government has firmed up a plan to consolidate its fragmented 350 million tonne steel...
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