Page 2 Steel: Latest News and Updates, Top Stories, Videos, Photos About Steel

Chinese Mills Prefer Cheaper Indian Iron Ore To Reduce Steel Costs

Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits, Bloomberg reported. Combined outbound shipments of iron ore and pellets from the South ...

India Imposes Anti-Dumping Duty On Steel Wheels Produced In China

Steel producers in India are expecting a surge in local manufacturing and a decline in prices after New Delhi's move to impose an anti-dumping duty against steel wheels produced in China, according to four industry executives. Late on Monday, the Indian ...

Small Cap Multibagger Steel Sector Stock To Pay Dividend, Record Date Fixed

The small cap steel sector stock, Venus Pipes on Friday fixed September 18, 2023 as the record date for final dividend. Last trading price of Venus Pipes & Tubes share on BSE is Rs 1535.95 apiece. Venus Pipes stock witnessed a ...

LIC Raises Stake in Steel Authority to 8.6 Per Cent

Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average ...

State-Owned Steel Firms Clear Rs 7,673.95-Crore Dues To MSMEs In FY23: Govt

Government-owned steel companies have cleared Rs 7,673.95 crore dues of various MSMEs during FY23, 39.3 per cent higher than Rs 5,511.07 crore paid during the preceding fiscal, the steel ministry said. "The status of pending payments to MSMEs by CPSEs (Central ...

PESB Recommends Amrendu Prakash As 'SAIL' Chairman

Government head hunter PESB has recommended the appointment of Amrendu Prakash as Chairman, Steel Authority of India Ltd (SAIL). Prakash is the Director in-charge of the steel maker's Bokaro Steel Plant located in Jharkhand. PESB recommended Amrendu Prakash for the post ...

Four SAIL Projects Worth Rs 2,338 Crore Face Delays: Steel Minister

Four projects of Steel Authority of India Ltd (SAIL) worth Rs 2,338 crore are facing delay due to reasons like delayed placement of orders and supply of materials/equipment, Parliament was informed on Monday. However, there is no cost overrun in these ...

Volatility In 'Steel' Prices 'New Normal'; Industry Needs To Learn To Live With It: T V Narendran

The volatility in steel prices is expected to continue and the industry must learn to live with the "new normal", T V Narendran the global CEO and MD of Tata Steel has suggested. Replying to a question on the continuous fluctuations ...

Increase Use, Of Scrap In Production: Minister Kulaste To Steel Makers

Union Minister Faggan Singh Kulaste on Thursday directed the domestic steel industry to increase use of scrap in their production, underscoring that carbon emission is a serious concern. India uses 30 million tonne (MT) scrap annually to manufacture steel, out of ...

WTO Rules Against Trump's Steel, And Aluminum Tariffs

The World Trade Organisation has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules. Trump's tariffs of 25% on foreign steel and 10% on aluminum outraged America's long-standing allies, ...

Export Benefits Under, Tax Refund Scheme Extended To Pharma, Steel Items, Chemicals For Specified Period

The government on Wednesday extended export benefits under the tax refund scheme -- RoDTEP -- to chemicals, pharmaceuticals and products of iron and steel for a specified period with a view to boost shipments of these goods, amidst exports growth recording ...

Govt Invites Bids For Privatisation, Of NMDC's Nagarnar Steel Plant

The government on Thursday invited preliminary bids for strategic sale of NMDC's Nagarnar Steel Plant. The last date for submitting bids for NMDC Steel Ltd is January 27, 2023, while the last date for submitting queries is December 29, 2022, the ...

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