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STEEL MILLS NEWS
Quote of the Day by Michael Jackson: “Hope is such a beautiful word, but it often seems… — Powerful life lessons on reality, uncertainty, injustice and why we suffer in life by the King of Pop known for Thriller, Billie Jean, and the iconic moonwalkQuote of the Day by Michael Jackson: Michael Jackson’s quote, “Hope is such a beautiful word, but it often seems very fragile. Life is stil...
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsGiven the latest news flow from the Gulf region, the probability is high that we might once again see the bulls attempting a comeback. As u...
Iran's economy has been battered. Its leaders still think Trump will blink firstIran's economy faces severe disruption from U.S. and Israeli strikes. Factories are shut, leading to mass job losses and soaring prices for...
Govt will decide on Baldota’s steel mill after court orders, says SiddaramaiahChief Minister Siddaramaiah stated the government will decide on the Koppal steel plant after court rulings. The Baldota group proposed a 5...
3 stocks to benefit from provisional safeguard duty on 5 steel products: Parthiv JhonsaIndia imposed a 200-day safeguard duty of 12% on specific steel products to protect domestic manufacturers from potential dumping, followin...
Global uncertainty may cloud steel outlook: Aditya WelekarSteel industry shares reflect anticipated price hikes and valuation improvements due to the imposition of a 12% safeguard duty, which may l...
Metal stocks rally over 4%. Here's why"Global news flows would continue to dominate the outlook for the Indian metals sector. A faster reopening in China and stimulus has provid...
JSW Steel's US unit raises $182 million debt to upgrade Texas plantAbout $100 million of the equipment like cutting line, rolling mill, grinding machine and water treatment system for upgrading the facility...
Can steel stocks really emerge as key beneficiaries of Russia sanctions?India’s share in EU imports could potentially increase in the near term, said Nomura India, but it felt that supply disruptions could lead ...
Indian steel mills renegotiates fresh auto contracts starting January with a price increase“There has been a price hike of around Rs 5,500 but this was just an adjustment toward the current prices. Auto contracts were signed in Ap...
Former Pakistan PM Nawaz Sharif gets 6-week bail for medical treatmentA three-judge Bench granted bail to Sharif on medical grounds against two surety bonds of 5 million Pakistani rupees each.
Sanjeev Gupta's Liberty House says Tata Steel UK 'pause' frustratingLiberty House had announced a specific "GreenSteel" strategy, using renewable energy and electric furnaces to melt the readily-available su...
Tata Steel to mothball Wales plant, cut 250 jobsTata Steel is planning to mothball one of its plants in Wales in the UK to focus on manufacturing higher-value products, a move that could ...
JSW Steel's bid for Italy's Lucchini assets rejectedLucchini found Cevital's offer more attractive because it foresaw full employment at Piombino, which employs about 2000 people.
Tata Steel bags 2-year French rail contractTata Steel won a two-year contract to supply over 2,00,000 tonnes of highly wear-resistant rail tracks to a French rail operator.
- China urges firms to boycott Australian, Brazil iron ore
A Chinese industrial group has urged domestic steel companies to stop buying iron ore from the world's top three miners in protest over an ...
- Major bribery alleged in Rio Tinto case
A government-owned newspaper alleged on Wednesday that executives from all 16 Chinese steel mills participating in iron ore price talks thi...
- Two Chinese steel cos merge to form world's 5th-largest producer
Two Chinese steel companies merged on Monday to form the world's fifth largest producer.
- ArcelorMittal meets Bulgaria minister for buying Pramod's firm
Representatives of ArcelorMittal on Wednesday held talks with Bulgaria's Economy and Energy Minister regarding its interest in acquiring th...
- Mittal eyes US-based AK Steel
The deal is likely to value AK as much as $40 per share or just under $4.5 bn.