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STEELMAKERS REACTION
US Steel plant explosion in Pennsylvania: 1 dead and 10 injuredA severe explosion at Pennsylvania’s Clairton Coke Works has left one worker dead, ten injured, and another missing. Rescue teams are searc...- Steelmakers flex pricing power as imports declineEarlier this week, local mills raised prices of hot-rolled coils by ₹1,500-2,000 per tonne, following a similar hike that was taken last mo...
- India's proposed steel import tax smaller than hoped, but 'better than nothing', steelmakers sayIndia proposed a 12% tax on steel imports, providing some relief from cheap Chinese imports. The move, while lower than the expected 15%-25...
- Tata Steel threatens to shut UK operationsAs part of its decarbonisation effort, Tata Steel would close its two blast furnaces at the Port Talbot plant, stop primary steelmaking and...
- Tata Steel may shut UK operations if British government doesn't extend £1.5 billion aid for green plansAs part of its decarbonisation effort, Tata Steel would close its two blast furnaces at the Port Talbot plant, stop primary steelmaking and...
- Export levy batters steelmakers on Dalal StreetAnalysts at brokerages such as CLSA, IIFL Securities and ICICI Securities downgraded stocks such as Tata Steel, JSW Steel and Jindal Steel.
- Tata Steel UK using bacteria-technology to recycle its emissions"As the world is coming to terms with the challenges of net-zero CO2 steelmaking, there are lots of options to consider. Not only in terms ...
- Japanese shares track Wall Street higher as Fed affirms taper planThe Nikkei share average climbed 0.93% higher to close at 29,794.37, while the broader Topix jumped 1.18% to 2,055.56.
- Nikkei tracks global peers higher, but virus woes undermine moodNikkei average rose as much as 1.77% in early trade after a four-day weekend that marked the opening of Tokyo Olympics, before shedding a p...
- Australia shares snap 3-day losing streak as NSW eases curbs for ChristmasThe S&P/ASX 200 index ended 0.7 per cent higher at 6,643.1, with all major indexes apart from miners and gold stocks trading in the black.
- Steel, steel item imports may go up on easing rulesThe move may benefit auto and consumer durables makers, who use higher amounts of flat steel products that are imported into the country.
- Amidst slowdown, SAIL on an expansion spree under chairman Chandra Shekhar VermaSAIL is in the process of executing an expansion that will take its capacity from 14 mn tpa to 24 mn tpa of hot metal by 2015.
- Easier import norms irk steel makersA government notification exempting steel imports from quality control norms has evoked furious opposition from the domestic steel industry.
- Government may move Supreme Court for Karnataka's Bellary order review on iron ore miningThe government will seek to isolate violators of law among mining companies and determine the amount of iron ore required by the steel indu...
- India courts investment as FDI slidesAs India was pitching itself as a hot investment destination at the World Economic Forum in Davos, figures showed the amount of foreign mon...
- Committed to Rs 50,000 cr project in Jharkhand: ArcelorMittalArcelorMittal today said it is committed to setting up a steel project with annual production capacity of 12 million tonnes in Jharkhand.
- Tata Steel Q1 net up 28%Tata Steel, India’s largest steelmaker, on Monday announced a 28% rise in fiscal first quarter net profit at Rs 1,222 crore.
- Tata Steel melts on boursesTata Steel shares plunged over 11.1% in heavy trade on Wednesday even as the company sealed the largest ever overseas M&A deal by an Indian...
- Five-months battle against Mittal worth it: KinschArcelor SA Chairman Joseph Kinsch told shareholders on Friday that the board's five-month battle against Mittal Steel Co had been worth it ...
- Mittal may get response from Arcelor this SundayThe board of Arcelor, the world’s second largest steelmaker, is expected to give an official answer to the sweetened offer of its unwanted ...
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