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SPONGE IRON MAKERS
CIL's April coal auction quantity drops 6% vs March to 30.5 MTCoal India Limited offered 30.5 million tonnes of coal in April auctions. This marks a slight decrease from March. Global energy prices are...- Desperate for coal, India's metal makers hunt for fuel overseasJindal Steel & Power Ltd., which is running its sponge iron plants at 40% capacity as it doesn’t have enough of the fossil fuel, has contra...
- Makers of sponge iron seek 30% duty on pellet exportsSponge iron manufacturers say that if iron ore pellets are converted into sponge iron, India can reduce dependency on imported steel scrap.
- Secondary, small steel makers cut output on dip in local demandIn the iron ore-rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers have scaled back productio...
- Don't delay auction of iron ore mines, user industry urges governmentIndia Ratings has estimated that out of the 288 mines set to expire, 59 are operational with around 85 million tonnes of approved annual ca...
- Goa sponge iron producers ask government to ensure raw material supplyIron ore is the key raw material used to produce sponge iron which is used in producing semi-finished steel items, ingots and billets.
- Sponge iron makers seek steps to check iron ore pricesBurdened under high raw material costs, the sponge iron makers have pitched for an urgent need to bring down the iron ore prices in the cou...
- CCI clears JSW Steel's acquisition of Welspun MaxsteelJSW Steel's proposed over Rs 1,000 cr deal to acquire sponge iron maker Welspun Maxsteel has got the approval from the Competition Commissi...
- Coal India's fuel pact with sponge iron makers ‘one-sided’: CCI reportCoal India’s fuel pact with sponge iron makers is skewed in the staterun miner’s favour, the fair trade regulator has observed in its probe.
- Budget 2013: Sponge iron makers ignored againThe demands of the domestic sponge iron producers, a significant segment of the Indian steel industry has been ignored in the Union Budget ...
- Tata Steel acquires majority stake in Tata Sponge IronTata Steel has raised its stake in associate firm Tata Sponge Iron to 51 per cent following purchase of 11.26 per cent stake or 17.34 lakh ...
- Tata Steel makes open offers to Tinplate, Tata Sponge investorsTinplate is a subsidiary of Tata Steel as it controls 59.4% stake, while Tata Sponge will become a subsidiary if the proposed open offer is...
- New clause helps CIL escape liability for short suppliesCoal India has tweaked a clause in its fuel supply agreements to escape penalty even while supplying only half of the contracted amount to ...
- JSPL to buy Oman's Shadeed IronJindal Steel and Power (JSPL) is close to acquiring Oman-based Shadeed Iron & Steel for nearly $500 million, three persons with direct know...
- Rlys may cut iron ore freight ratesThe Railways is planning to slash freight charges on domestic transportation of iron ore up to 6% to provide relief to local steel companie...
- Railways relief for movement of steelRailways may effect a similar move on domestic movement of steel. Indian Railways is contemplating reclassfication of iron ore class from 1...
- Demand meltdown dissolves 150 small sponge iron unitsOver 150 small sponge iron units have shut down operations and several small and mid-sized steel plants and rolling mills scattered across ...
- Miners, steel cos likely to end price warPrivate iron ore miners have agreed to enter into long-term supply agreements with steelmakers provided there assured commitment on uptake ...
- Export cess hike may not hit sponge iron cosDomestic sponge iron makers which includes firms such as Jindal Steel and Power, Monnet Ispat and Vikram Ispat may not face the heat of the...
- Sponge iron manufacturers to enhance capacityThe government on Thursday asked sponge iron manufacturers to be more competitive and contribute to the growth of the steel sector by enhan...
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