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Oct 2018

Vedanta Ltd To Invest $4 Billion In Rajasthan’s Barmer Oil Block

Oct 31, 2018

Cairn Oil and Gas, a unit of Vedanta Ltd, will invest $4 billion in its flagship Barmer oil block in Rajasthan. The Delhi high court allowed an extension of 10...
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India's Crude Steel Output Grows 2% To 8.5 Million Tonnes In September

Oct 30, 2018

India's crude steel production increased 2.1% to reach 8.520 million tonnes in September 2018, global steel body world steel said in a report. The country had manufactured 8.345 million tonnes...
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JSW Steel To Invest USD 150 Million In The First Tranche To Set Up Texas Plant

Oct 29, 2018

Sajjan Jindal-led JSW Steel Sunday said it will invest USD 150 million (approximately Rs 1,000 crore) in the first tranche to set up its new steel facility in Texas, US....
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India Presents Opportunities In The Oil And Gas Sector At Singapore Roadshow

Oct 27, 2018

India presented various investment opportunities in the upstream oil and gas sector, showing great interests in the ongoing USD 2.86 billion investments underway to double gas production and drill more...
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Quality Control Order Will Soon Cover All Steel Products: Steel Minister

Oct 26, 2018

According to Minister for Steel, Chaudhary Birender Singh, The quality control order backed by Bureau of Indian Standards ratings will soon cover all steel products.

India Set To Become The Second-largest Steel-consuming Country Replacing US.

Oct 25, 2018

India is set to replace the United States as the 2nd largest steel-consuming country in the world next year. China, the largest market for steel, will remain on top with...
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Swiss Firm To Purchase The Stake Of TATA Steel In South Africa Iron Ore Mine

Oct 24, 2018

Tata Steel Ltd has decided to sell off an iron ore mine in South Africa to IMR Metallurgical Resources AG, a Switzerland-based metals and mining group, for 366 million South...
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Atmos Energy To Replace 13,135 Feet Of Aging Pipe

Oct 23, 2018

Atmos Energy will spend $1.1 million during the next 6 months to replace 13,135 feet of aging steel pipes and 231 lines from houses to the street. The work is...
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Steel Ministry Conference On Capital Goods In Steel Sector Tomorrow

Oct 22, 2018

The Union Ministry of Steel will organize a conference on “Capital Goods in Steel Sector: Manufacture in India” here on 23rd October 2018 (Tuesday).

India’s Rising Steel Demand Is Making Companies Starry-eyed

Oct 19, 2018

World Steel Association, a world industry body, released its short-range demand outlook this week, saying what was already known that India’s growth ranks highest among major steel-consuming countries, but the...
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India's Steel Demand Expected To Move Back To Higher Growth Track: World Steel

Oct 17, 2018

India's steel demand is expected to increase again as the country recovers from "twin shocks of demonetization and GST implementation. In its October 2018 Short Range Outlook, world steel said it...
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Indian Pipe Makers Set To Benefit From The $10-billion Clean Air Drive.

Oct 16, 2018

India is trying to double the share of natural gas in the country’s energy mix to 15% by 2030 while cutting down emissions by a 3rd. Steel pipe makers are...
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India Purchases 75% Less US Oil, Buys More Iranian Crude

Oct 15, 2018

India’s purchases of US crude oil have reduced by 75% over the past 4 months as the subcontinent stocks up on Iranian crude. US oil shipments to India fell from...
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Liberty House To Purchase 4 European Steel Plants From ArcelorMittal.

Oct 13, 2018

The four assets are part of a divestment package that ArcelorMittal agreed with the European Commission (EU) related to its purchase of Ilva SpA (Ilva) the most important Italian steel...
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United States Imposes High Tariff On Korean Steel Pipes By Blaming POSCO's Hot-Rolled Steel Plates

Oct 12, 2018

The United States Imposed a high tariff on Korean steel products once again by finding fault with Pohang Iron and Steel Company (POSCO’s) hot-rolled steel plates. According to the steel industry...
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Logistics Problem Drives Indian Steel Mills To Buy Iron Ore Overseas

Oct 11, 2018

Steel mills in India are increasingly using the global market for iron ore as they find it difficult to transport the primary raw materials from local mines, and demand for...
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Vietnam Reviewing AD Duties On Stainless-steel In Four Asian Territories

Oct 10, 2018

Vietnam’s Ministry of Business and Trade has started the ultimate review into anti-dumping measures obligatory on stainless cold-rolled steel from China, Taiwan, Indonesia, and Malaysia, it declared on 3rd October.
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Ensco And Rowan Agree On Merger

Oct 9, 2018

Ensco and Rowan Companies have announced that they have agreed to merge both companies and all-stock transaction that values the combined company at US$12 billion. Ensco said it would buy Rowan...
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United States Raises Anti Dumping Duties On Welded Steel Pipe Imports From Thailand

Oct 8, 2018

The US Department of Commerce has raised antidumping duties on imports of circular welded steel pipes and tubes from Thailand. In a regulatory review the final determination for the period...
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ONGC All Set To Start A Deepwater Project.

Oct 5, 2018

India’s state-controlled Oil & Natural Gas Corporation (ONGC) has awarded its largest single subsea contract to a consortium of McDermott, Baker Hughes, a GE company and Larsen & Toubro (L&T)...
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Steel Ministry Proposes Merge Of Loss-making Steel Firms

Oct 4, 2018

The Central Government is considering a Steel Ministry's proposal to merge the loss-making Neelachal Ispat Nigam (NINL) with Rashtriya Ispat Nigam (RINL) and later merge it with Steel Authority of...
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European Union Imposes Anti-dumping Duties On Pipe Imports From Russia, Ukraine.

Oct 3, 2018

The European Union (EU) has finally approved and adjusted anti-dumping duties on steel pipes produced in Russia and Ukraine, as reported in the Official Journal of the European Union on...
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Japan’s August Steel Exports Edge Down By 1% On Year To 3.15 Mil Mt

Oct 1, 2018

Japan is the 2nd largest steel exporter in the world. In the year to date 2018 (through June), further referred to as YTD 2018, Japan exported 18.3 million metric tons...
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