Tag: Steel
17 Results
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Tata steel initiates steps to combat COVID-19
Similar to the preparation done for the earlier two waves, the company is geared up to address the challenge this time around, by providing facilities in health care, safety, access control, transport and administration fronts to contain the spread of the virus. 99% of its employees are already double vaccinated through the various drives undertaken by the company.
January 14, 2022 -
Domestic steel production registered about 20% increase despite Covid-19 pandemic
As per the PLI scheme for Domestic Production of Speciality Steel, the Centre has approved incentives of around Rs 6,322 crore to companies that would set up their Speciality Steel production unit in India.
December 28, 2021 -
JSPL’s steel sales rise 21% in July
JSPL reported monthly steel production of 6.5 lakh tonnes in July, up 8 per cent Y-o-Y as compared to 6.03 lakh tonnes during the same month in the previous year.
August 5, 2021 -
RSP steel plates for Mahatma Gandhi Setu
RSP had supplied high tensile structural grade E410C plates from its New Plate Mill in the thickness 12 to 40 mm for the construction of the bridge over a period of one and a half years.
August 4, 2020 -
PESB issues notification to hire next RINL chairman
Currently, RINL is being headed by P K Rath, who is scheduled to retire in May 2021.
June 15, 2020 -
Eight core sectors growth slows to 2.1 per cent in July
The eight core-sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year.
September 2, 2019 -
Steel demand likely to grow 7% this fiscal, say experts
"The Central government has been focusing on infrastructure projects like Sagarmala, Smart Cities and the new government would stick to its focus. I think steel demand is expected to grow by 7- 8 per cent in the 2019-20," Institute for Steel Development and Growth (INSDAG) Director General Sushim Banerjee said.
May 28, 2019 -
Safeguard duty on steel: India appeals against WTO’s panel ruling
The issue pertains to a case filed by Japan in December 2017 against India's decision to impose safeguard duty on some iron and steel products.
December 26, 2018 -
India drags US to WTO over steel, aluminium duties
India has dragged the US to the World Trade Organisation’s dispute settlement mechanism over the imposition of import duties on steel and aluminium, an official said. India has stated that the decision will impact exports of these products to the US and it is not in compliance with global trade norms. “India has filed a …
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May 20, 2018 -
Trump announces steel tariffs amid mounting global dissent
The US President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminium amid mounting dissent from business groups and trading partners around the world. The US will impose a 25 per cent tariff on imported steel and 10 per cent on aluminum, Xinhua quoted Trump as saying. He …
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March 9, 2018 -
US to impose tariffs on steel, aluminum imports: Trump
US President Donald Trump said here on Thursday that he would impose tariffs on imports of steel and aluminum products, in a move he said would protect US industry, but which experts said could hurt US producers and face legal challenges from trade partners. The US is set to impose 25 per cent of tariff …
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March 2, 2018 -
Tata Steel’s 7th Asian Steel conference begins
Crucial issues relating to a technology to reduce use of coking coal in steel making, water ways as a mode of transport and above all the need for the Steel Ministry to be taken on board on matters relating to mines-pricing were discussed by experts from across Asia here on Wednesday. The 7th Asia Steel …
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February 8, 2018 -
India’s growth momentum gathered pace in December
Economic indicators like PMIs, vehicle sales and steel demand suggest that growth momentum in India has gathered pace in December, says a report. However, prices are also on an uptrend with retail inflation likely to have firmed up further to 5.4 per cent in December owing to a lower base of comparison, the report by …
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January 11, 2018 -
Alternate management can takeover stressed units under IBC: Minister
Union Steel Minister Chaudhary Birender Singh has said that government’s new Insolvency and Bankruptcy Code provides possibility of takeover of financially stressed units by alternate efficient management. According to a statement released by the Steel Ministry on Saturday, he made these comments at the global forum on the excess steel capacity held at Berlin on …
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December 3, 2017 -
Tweak minimum bid clause to keep coal auction going: Steel Secy
With the deferment of recent coal mine auction on account of insufficient bids, the steel ministry said there was a need to alter the clause stipulating at least three bids for each block and that the coal ministry is consulting CVC to work out a mechanism on the same. “What happened is as per CVC's …
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July 21, 2017 -
Steel mfg cost to rise as power out of GST: Steel Ministry to PMO
The steel ministry has expressed concerns that cost of steel manufacturing will increase as electricity, being one of the major inputs, has been kept out of the Goods and Service Tax. The concerns were expressed at a recent meeting of the ministry with the Prime Minister's Office, a government official said. “Electricity being a major …
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July 18, 2017 -
Steel consumption grows 4.6 pc, exports up 66 pc in April-June
India's steel consumption grew by 4.6 per cent to nearly 21 million tonne in the first quarter of the current fiscal over the same period in 2016 while the country's steel exports jumped by nearly 66 per cent in the April-June period, a Ministry report said. "India's consumption of total finished steel saw a growth …
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July 10, 2017