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STEEL COS
Fast-tracked power plants fuel AI boom, with little public scrutinyNew power plants are being built at an unprecedented speed to meet the growing demand of tech companies. These facilities, often fueled by ...- United Kingdom to consider easing steel tariff plan after industry warnings, say reportsBritain is planning changes to its steel tariff rules. The government will discuss proposals to exempt more steel products. This comes afte...
- Corporate India posts 25% profit surge in Q4 FY26, but rising costs squeeze marginsCorporate India's March quarter net profit surged 25.3%, driven by non-operating factors, masking operating challenges like rising input co...
- Interest subvention benefits for small iron & steel companiesMicro and small enterprises facing global challenges will now receive government support. Interest subvention benefits have been extended t...
- Centre relaxes Land Border norms for BHEL tendersIndia has removed guardrails for companies from neighboring countries bidding on Bharat Heavy Electricals Limited (BHEL) projects. A five-y...
- Unexpected fall in global prices to hurt Indian steel cos in Q2That means three out of India’s four largest steel producers could head into a loss.
- Steel cos eye more expats in new visa regimeDomestic steel companies are looking at hiring higher number of expats in new steel projects after the government introduced new visa regim...
- Steel export duty in worksThe government is considering re-imposition of 15% export duty on flat steel products to disincentivise their exports and boost domestic su...
- Govt to ask iron ore miners for voluntary restrain on pricesAfter steel industry, government may now ask iron ore miners to exercise voluntary restraint on prices to check inflation that has spiralle...
- No more curbs likely on steel cos, for nowSteel makers may get a reprieve from further administrative actions to tame rising prices of steel products.
- ArcelorMittal's India plants to start operations by 2012ArcelorMittal has planned two greenfield steel projects of 12 million tons capacity each in Orissa and Jharkhand. Formula for success I Cha...
- Steel makers agree to slash prices, check retail hoardingRising price of steel once again spurred the govt machinery into action with the steel ministry on Thursday getting all the major producers...
- Windfall for Essar; gets over $45 mn for dropping Esmark bidUnder the terms of agreement signed between Severstal and Esmark, the Russian firm has paid Essar $ 25 mn as termination fee for the previo...
- ArcelorMittal launches automotive joint ventureThe JV would have an annual production capacity of 1.2 million tons of flat carbon steel, mainly for automotive applications. Challenges fo...
- Tata Steel's India operation better than other geographiesWith 43% EBIDTA margin, Tata Steel's Indian operation is the best one followed by its operation in Thailand 12%, Corus 9% & NatSteel Asia 3...
- Govt mulls 5% higher export cess to tame steel pricesThe government may take another set of fiscal measures to check surging steel prices. It is considering increasing export cess on long stee...
- Govt to impose 15 pc export duty on iron oreGovt is believed to have decided to impose 15 pc export duty on iron ore, used for making steel, which has seen a 50 pc increase in prices ...
- Steel export cess may be rolled back, duty rejig for iron ore likelyThe government is ready with a revised inflation-control package for the steel sector. It has been decided that a 15% export cess on an ad ...
- Iron ore exports to stay unalloyedIn a major climbdown, the steel ministry has agreed to maintain status quo with respect of iron ore exports.
- Cabinet may take final call on iron ore exports banThe issue of banning iron ore exports is far from being resolved. As the committee of secretaries (CoS) has failed to arrive at a consensus...
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