Steel Companies

India's Steel Demand Expected To Drop 7.7% in 2020, Says Industry Body

Business | Reuters | Sunday April 19, 2020

Most steel companies have faced disruptions and suspended operations at some of their plants

CBI Arrests Steel Company Chairman In Rs 106 Crore Bank Fraud Case

India News | Press Trust of India | Friday September 27, 2019

The CBI has arrested Chairman and Managing Director of Vindhyavasini Steel Corporation Pvt Ltd (VSCPL) Vijay Rajendra Prasad Gupta from Haridwar in connection with a Rs 106 crore bank fraud case, officials said on Friday.

Tribunal Approves JSW Steel's Takeover Of Bhushan Power & Steel

Business | Thomson Reuters | Thursday September 5, 2019

The ruling means JSW Steel can make its first major steel company acquisition under the new bankruptcy regime.

European Union Blocks Tata Steel-Thyssenkrupp Merger Plan

Business | Agence France-Presse | Tuesday June 11, 2019

The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal

Row Over Karnataka Land Deal With Steel Firm, BJP Threatens Agitation

Karnataka News | Written by Maya Sharma | Thursday June 6, 2019

The Karnataka government's decision to sell over 3,000 acres of land in Ballari district to JSW Steel company has run into a controversy, with the opposition alleging that it is being sold at a price that's much lower than its market value.

Steelmakers Need Reduction In Customs Duty On Key Input Material: Industry Body

Business | NDTV Profit Team | Tuesday January 15, 2019

Budget 2019: Ficci has pitched for a reduction in customs duty on a variety of materials used as key inputs in the steel-making process. Availability of vital inputs in good quality is declining and the steel industry has to depend on their imports on a regular basis, Ficci has said in its pre-Budget recommendations to the government.

Tata Steel, JSW Say ArcelorMittal Entry To Be Good For Competition

Business | Thomson Reuters | Wednesday November 14, 2018

Owned by billionaire Lakshmi Mittal, ArcelorMittal is the world's biggest steel company with a total tonnage of 97.03 million tonnes in 2017.

High Court Stays Rs 50 Lakh Fine On Kolkata Company In Coal Scam Case

India News | Press Trust of India | Friday December 22, 2017

The Delhi High Court on Friday stayed a trial court order imposing a fine of Rs 50 lakh on a Kolkata-based iron and steel company in connection to a coal scam case.

'Local Steel Firms Have Capacity To Meet Railways' Needs'

Business | Thomson Reuters | Monday November 27, 2017

Local rail market entrants such as Jindal Steel and Power Ltd should be given a chance, a government panel said.

Tata Steel Swings To Profit In First Quarter, But Lags Estimates

Business | Thomson Reuters | Monday August 7, 2017

Tata Steel's net profit came in at 9.21 billion rupees in the quarter ended June 30.

Tata Steel Signs Long-Term Tariff Contract With Railways

Business | Press Trust of India | Friday July 14, 2017

Tata Steel became the first steel company to enter into a long-term tariff contract with Indian railways

Tata Steel Board To Consider Fund Raising Proposal This Week

Business | Press Trust of India | Monday April 17, 2017

Tata Steel stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes and had a turnover of $17.69 billion in FY 2015-16.

Don't Use Indian Steel In Keystone Pipeline: US Senators Tell Donald Trump

India News | Press Trust of India | Friday March 31, 2017

An influential group of nine Democratic Senators has urged US President Donald Trump to not let a Canadian company use foreign made steel, in particular from India and Italy, in the trans-national multi-billion controversial Keystone oil pipeline.

India Extends Anti-Dumping Duty On Some Chinese Steel Items By 5 years

Business | Thomson Reuters | Monday February 20, 2017

Indian steelmakers such as JSW Steel, Tata Steel, and Steel Authority of India have lobbied for more measures to protect them from cheaper imports from China, Japan and South Korea.

Extension Of Anti-Dumping Duty Credit Positive For Steel Companies: Moody's

Business | Press Trust of India | Friday February 10, 2017

Indian steel companies remain exposed to imports from other Asian countries. The continuation of government measures to protect the domestic steel industry is therefore, imperative, especially with global and regional overcapacity.