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Sep 2019

Rourkela To Be Made A Steel Hub: Union Minister

Sep 30, 2019

Union Minister for Petroleum and Natural Gas and Steel Dharmendra Pradhan on Sunday said Rourkela will be developed as a manufacturing hub of steel. Addressing media persons on the second...
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Government Aims To Make Eastern India A Steel Hub

Sep 28, 2019

Dharmendra Pradhan Union steel and oil minister said the government plans to make eastern India a steel hub, which is part of Prime Minister’s ‘Mission Purvodaya’.

Steel Demand To Improve In H2, But Weak H1 Expected: Crisil

Sep 27, 2019

Crisil rating agency in its latest research report on steel sector has said, Domestic steel demand and global market sentiment are likely to improve in the second half, but a...
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Vedanta Limited Plans Rs 2,500 Crore Plant For Flat-rolled Products

Sep 26, 2019

Vedanta Resources Limited India’s largest aluminium maker is expanding its portfolio of value-added products and is planning to set up an aluminium flat-rolled products plant with an estimated capital expenditure...
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India To Be A Net Exporter Of Steel In The Next 3 Years: Dharmendra Pradhan

Sep 25, 2019

Dharmendra Pradhan Union Petroleum and Steel Minister said on Monday, India will become a net exporter of steel in the next three years. At present, the country is importing around...
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Aluminium Producers Likely To See Pressure On Profits Says NALCO Chief

Sep 24, 2019

Tapan Kumar Chand, chairman, and managing director, National Aluminium Corporation (Nalco) stated that the falling global prices of alumina and aluminium are likely to put pressure on Indian producers of...
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JSW Steel Plans $500 Million Bond Offering To Global Investors

Sep 23, 2019

JSW Steel plans to launch a $500-million bond offering to global investors this week, according to people aware of the matter. The Sajjan Jindal-promoted steel maker finalized 11 international banks...
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Slowdown Impacts Coal Import Cargo In First Half FY20: ICRA

Sep 21, 2019

The economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal growth of 294 million tonnes...
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Inclusion Of Steel In RCEP Worrying Indian Steel Mills

Sep 20, 2019

The inclusion of steel in India’s Regional Comprehensive Economic Partnership (RCEP) negotiations that propose to extend free trade agreements (FTA) to China will excessively harm the local steel industry by...
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India’s Steel Demand Growth Shrinking To 5-6% From 7.9% In FY19- ICRA

Sep 19, 2019

Domestic steel consumption growth is expected to decelerate to around 5-6 percent this fiscal, from 7.9 percent in FY2019, on the back of an unprecedented slowdown in economic activity, said...
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Vedanta Launches Primary Foundry Alloy For Auto Industry

Sep 18, 2019

Vedanta Aluminium has announced the formal launch of its newest product line, Primary Foundry Alloy (PFA) for the Indian automotive industry. The company has unveiled the product at the 59th...
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OPEC August Output Rises 230,000 Barrels Per Day On Saudi, UAE, Nigeria, Iraq Increases: EIA

Sep 17, 2019

In its monthly Short-Term Energy Outlook, EIA said it expects OPEC oil output to average 30.03 million barrels per day in 2019 and 29.6 million barrels per day in 2020,...
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Global Oil Demand Growth To Fall Below 1 Million Barrel Per Day In 2019 - EIA

Sep 14, 2019

The US Energy Information Administration (EIA) cut its outlook for 2019 global oil demand growth 100,000 barrel per day to 890,000 barrel per day, which would put it below 1...
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JSW’s August Crude Steel Output Dips 13 Percent YoY To 1.25 Million Tonnes

Sep 13, 2019

One of the largest private steel makers of India, JSW Steel, recorded a 13 percent drop in crude steel production in August 2019. In a filing with the stock exchanges,...
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Secondary, Small Steel Makers Cut Output On The Dip In Local Demand

Sep 11, 2019

Secondary steel producers, which account for almost 60 percent of India’s steel industry, and mid and small scale plants are cutting back on the output to cope with a demand...
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Copper Prices Hit Two-year Low Amid Warning Signs For The Global Economy

Sep 10, 2019

Copper fell to the lowest since 2017 as investors faced fresh evidence of a global slowdown and fading prospects for a de-escalation in the United States-China trade war. Long known...
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Registration Compulsory For 215 Imported Iron, Steel Products: Government

Sep 9, 2019

The government has made it compulsory for importers to register themselves with Steel Import Monitoring System (SIMS) to be able to import two hundred-odd iron and steel products including certain...
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NCLT Approves JSW Steel's Rs 19,700 Crore Resolution Plan For Bhushan Power & Steel

Sep 7, 2019

The National Company Law Tribunal (NCLT) has approved JSW Steel's Rs 19,700-crore resolution plan for the embattled Bhushan Power and Steel Limited (BPSL). This is the second major steel asset...
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Slowing Demand Takes Sheen Off Steel In India – India Ratings

Sep 6, 2019

India Ratings and Research have revised its outlook on the steel sector to stable-to-negative from stable for the remainder of FY20 given sluggish steel demand growth expectations owing to mix...
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Indonesia To Ban Nickel Exports From January 2020

Sep 5, 2019

The Energy and Mineral Resources Ministry has announced that Indonesia will stop nickel exports as of January 1, 2020, to accelerate the establishment of domestic smelters while its nickel reserves...
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Economic Slowdown Impacting Steel Demand In India

Sep 4, 2019

The slowdown in the economy has clearly not spared the core sector of steel production with crude steel output growing by a meager 1.7 percent in July, to 9.2 million...
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SAIL To Shut Down Two Subsidiary Companies

Sep 3, 2019

State-run steel maker Steel Authority of India Ltd (SAIL) is shutting down two of its subsidiaries located in Uttar Pradesh and Jharkhand. "SAIL has initiated actions for closure/exit from certain...
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