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SAIL, John Cockerill to invest around ₹6,000 crore in building downstream steel plantSAIL and John Cockerill India will jointly invest ₹6,000 crore to establish a downstream plant for cold-rolled electrical steel types, util...- Steelmakers may cut down on Capex amid price slumpSteelmakers in India are expected to reduce their capital expenditure plans in 2025 due to declining steel prices, impacted by increased im...
- Abha Power and Steel shares list at 9% premium over IPO price on NSE SME platformThe company plans to use the net proceeds from the fresh issue to fund capital expenditures for modernizing and upgrading its manufacturing...
- Airprox incidents in Indian airspace fell in 2023: DGCAThe Directorate General of Civil Aviation (DGCA) has reported a significant reduction in unstabilised flight approaches and risk-bearing ai...
- Indian steel firms likely to raise prices in MarchA few large steel makers had hiked prices by ₹500-₹1,000 in February as well. Price hikes in March are likely to be higher in companies tha...
- SAIL to set up hot strip mill at Rourkela plant for Rs 4360 crThe domestic steel major has also plans to set up a 1.2 mtpa cold rolling mill at RSP, which may entail an investment of around Rs 5,000 cr.
- Edelweiss puts buy on Bhushan SteelEdelweiss initiates coverage on Bhushan Steel with a ‘Buy’ recommendation.
- Don't relax steel import tariff barriers, say industry leadersSome of the country’s largest steelmakers have asked the government not to bring the commodity under the purview of the recently signed fre...
- Bhushan Power to invest Rs 3k crBhushan Power and Steel (BPSL) plans to invest Rs 3,000 crore to add 250 mw capacity to its existing power plant and to increase production...
- Steel ministry proposes 15% export levy on iron oreSteel ministry has proposed to the finance ministry to reimpose 15% export duty on iron ore (lumps and fines) in order to increase the avai...
- Domestic mining cos watch out for more price cutsWith days to go for a fresh round of negotiations for annual global price contracts, domestic mining majors like NMDC, Sesa Goa and a host ...
- Steel producers to give discounts instead of slashing pricesDomestic steel producers are looking at giving discounts of up to Rs 1,500/tonne on certain steel products to selected customers instead of...
- Steelcos cut prices by 4.5%In the wake of a slump in steel prices globally, primary and secondary steelmakers including Ispat, Essar, JSW and Uttam Galva are learnt t...
- Costlier steel forces auto, white goods firms to hike pricesThe end-user industries of steel products like the consumer and auto industry have been grappling with surging costs of this input, even th...
- Flat steel exports may be bannedThe government is considering a ban on export of flat steel products, including hot and cold rolled coils (HRCs and CRCs), galvanised produ...
- HRC sales may bypass trader channelsIn yet another exercise to control steel prices, the government may ask primary steelmakers such as SAIL, Tata Steel, JSW Steel etc. to sel...
- Export duty gives a leg-up to local steel outputSteelmakers have decided to cut down exports significantly in the wake of 15% export duty imposed on hot-rolled coils (HRCs).
- Export duty on HRC to add to steelmakers' margin pressureSteel producers, including JSW, Essar and Ispat are expecting further pressure on margins in the current quarter, owing to a 15% export dut...
- Secondary steel makers cut prices by Rs 4,000/tonneSecondary steel firms, including Mumbai-based Shree Precoated, Uttam Galva and Delhi-based Bhushan Steel, have decided to roll back prices ...
- JSW to bring down prices of flat steel productsJSW Steel on Saturday decided to cut prices on flat steel items used in consumer goods and construction, which makes it among the first sig...
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