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May 2019

China’s Net Exports Of Stainless Steel In Jan-Apr Decline 6 Percent On Year

May 31, 2019

China’s net exports of stainless steel declined 6.13 percent from a year ago to stand at 596,800 million tonnes in the first four months of 2019, lowered by materials from...
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NINL To Supply Steel Billets To Power Grid Corporation Projects

May 30, 2019

Public sector steel producer Neelachal Ispat Nigam Ltd (NINL) has struck a deal with Power Grid Corporation of India Ltd (PGCIL) for the supply of steel billets. Initially, NINL will...
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RINL Aims To Produce 6.4 Million Tonnes Of Liquid Steel; 5.8 Million Tonnes Of Saleable Metal In FY20

May 29, 2019

State-run Rashtriya Ispat Nigam Ltd is eyeing to produce 6.4 million tonnes of liquid steel and 5.8 million tonnes of saleable metal in the financial year 2019-20, a company official...
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Central Railway Wants To Use Rust Proof Steel So That Bridges Last 100 Years

May 28, 2019

The Central Railway has sought special permission from the Railway Board to use corrosion-resistant weathering steel for 445-foot over bridges and road over bridges in the city-suburban section. The new...
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India’s Oil Imports Jumped 14% In April And Iran Shipments Down By 42%

May 27, 2019

India’s crude oil imports jumped 14 percent to 19.7 million tonnes last month. In value terms, the country’s oil import bill rose 18 percent to $9.8 billion in April, according...
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A Decline In Steel Prices Likely To Hit JSW Steel Financials

May 25, 2019

JSW Steel is likely to report a moderation in its March-quarter spreads due to an Rs 3,000-3,500/tonne decline in steel prices during the November-January period. A report from stock brokerage...
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Vedanta Wins Bid For Two Copper Blocks In Maharashtra

May 24, 2019

Vedanta Ltd on May 21 announced that it has been declared as the preferred bidder for two copper mines in Maharashtra which went under the hammer earlier this year. The...
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NMDC Creates New Department To Spread Global Footprint

May 23, 2019

India’s leading domestic iron ore miner National Mineral Development Corporation (NMDC) has created a separate department to --NMDC Global --to spearhead its initiative of increasing its geographic foothold across the...
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NMDC Considers Acquiring 100 Percent Stake In Its Aussie Arm-Legacy Iron

May 22, 2019

State-owned NMDC Limited is considering owning 100 percent stake in Australian arm Legacy iron by acquiring the remaining 24 percent shares and delisting it from the Australian Stock Exchange (ASX),...
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Saudi Aramco To Supply An Extra 2 Million Barrels Per Month To Indian Oil Corp From July

May 21, 2019

Saudi Aramco will supply an extra 2 million barrels of crude a month from July to December to state-run Indian Oil Corporation Ltd (IOC), an IOC executive said, as New...
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EU Opens Review Of Safeguard Measures On Steel Product Imports

May 20, 2019

It is reported that the European Commission has opened its initial review of the safeguard measures on a number of imported steel products, focusing in particular on investigating why certain...
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Govt To E-auction Iron Ore Dumps Lying In Goa: CM Mr. Sawant

May 18, 2019

Mr. Pramod Sawant Chief Minister of Goa has said his government would conduct an e-auction of the piles of low-grade iron ore lying across the state, as the first step...
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Iran To Continue Aluminium Exports To Neighboring Countries

May 17, 2019

Abolfazl Rezaei the secretary of Iran Aluminum Industries Syndicate announced that Iran will continue exporting aluminium to its neighbors despite US sanctions on Iran’s metal industry. “Afghanistan, Turkey, and Iraq...
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India Fears U.S.-China Trade War Will Lead To Dumping Of Chinese Steel

May 16, 2019

India fears after the United States raised tariffs on Chinese products due to the escalating trade war between the world’s two largest economies China could soon start flooding excess steel...
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Iran To Inaugurate Steel Projects With Over 10 Million Tons Of Capacity By March 2020

May 15, 2019

Iran will inaugurate steel projects with the capacity of at least 10 million tons during the current Iranian calendar year (ends on March 19, 2020), IRNA quoted Deputy Industry, Mining...
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India May Export 10-11 Million Tonnes Iron Ore Pellets To China This Year, Says, Traders

May 14, 2019

India is expected to export 10-11 million tonnes of iron ore pellets to China this year against 9.5 million tonnes last year on good demand notwithstanding trade tensions with the...
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India Steel Production, Demand May Grow At 7 Percent

May 13, 2019

N Baijendra Kumar, CMD, National Mineral Development Corporation (NMDC) said the domestic steel production and demand are expected to grow at 6-7 percent, at a time when production and consumption...
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Saudi Aramco Offers To Increase Oil Supply To India By 200,000 Barrels A Day

May 11, 2019

It is reported that the world's largest oil company Aramco will provide additional crude oil to domestic oil refiners to meet shortages arising from the US decision to lift Iran...
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Jindal Steel Bags Rs 665 Crore Orders To Supply Rail To Indian Railways

May 10, 2019

Steelmaker Jindal Steel and Power Ltd (JSPL) on Thursday said it has bagged an order of Rs 665 crore from Rail Vikas Nigam Ltd (RVNL) to supply 89,042 tonnes of...
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ONGC Gets Environmental Clearance For Rs 240 Crore Projects In Assam

May 9, 2019

State-owned Oil and Natural Gas Corp (ONGC) has received the green nod from Union Environment Ministry to drill six development wells in Assam at an estimated cost of Rs 240...
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Iran Steel Imports: Indian Industry Flags Concerns Over Predatory Pricing

May 8, 2019

The Indian Steel Association (ISA) has raised concerns regarding the import of steel from Iran with the Indian Banks Association (IBA). Surging steel imports from Iran routed via the United...
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India's Oil Import Dependence Jumps To 84 Percent

May 7, 2019

Prime Minister Narendra Modi had set a target to cut India's oil import dependence by 10% but the country's dependence on oil import for meeting its energy needs has jumped...
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India Produces 27 Million Tonne Steel In January To March 2019

May 6, 2019

India's steel production fell by about 0.3 percent to 27.33 million tonnes during the first quarter of the calendar year 2019, according to data from the World Steel Association. During...
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US Steel Announces $1.2 Billion Investment At Mon Valley Works

May 4, 2019

U.S. Steel Corp. on May 2 announced that it would invest more than $1 billion to upgrade its steelmaking capabilities in Pennsylvania and "secure the future for a new generation...
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ONGC To Take Over East Coast PY-3 Oil Field From UK-based Hardy Oil & Gas

May 3, 2019

Oil and Natural Gas Corporation (ONGC) is set to give a fresh lease of life to the controversial PY-3 oil field in the Bay of Bengal by taking over its...
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The US Begins Probe Into Alleged Dumping Of Alloy Steel Rods From India, Other Nations

May 2, 2019

The United States has initiated a probe into alleged dumping of a particular variety of steel rod from four countries including India, according to the American Department of Commerce. In...
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