Steel industry to keep utilisation levels high in lean monsoon period

Mumbai: India's domestic steel industry is expected to operate at high capacity utilisation levels in July-September 2019, the second consecutive year of high utilisation durin...

Steel demand in India expected to grow above 7 pc in 2019, 2020: World Steel Association

New Delhi: India's steel demand is expected to rise 7 per cent in FY19, according to World Steel Association.

India steel demand is holding up well against a sluggish global growth

New Delhi: Indian demand for steel grew at a faster pace among large economies at 7.5% in FY19, as per provisional figures compiled by analysts.

Tata Sponge finishes acquisition of Usha Martin Ltd's steel business

Kolkata: Tata Sponge Iron Ltd, a subsidiary of Tata Steel, has completed the acquisition of steel business of debt ridden Usha Martin Ltd.

JSW Steel to raise up to US$ 1 billion bonds for capex

Mumbai: JSW Steel is planning to raise US$ 1 billion through non-convertible bonds.

NCLAT gives conditional nod to ArcelorMittal's Rs 42k cr plan for Essar Steel

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has accorded conditional approval to ArcelorMittal for its Rs 42,000 crore (US$ 6.12 billion) resolution plan of Essa...

JSW Steel declared winning bidder for Bhushan Power and Steel

Mumbai: JSW Steel Ltd, India's largest private steelmaker, has been selected as the winning bidder for acquisition of Bhushan Power and Steel Ltd.

16.7% increase in steel export in 2017-18

New Delhi: India's total exports of finished steel grew by 16.7 per cent to 9.62 million tonnes (MT) in FY18, according to Mr Vishnu Deo Sai, Minister of State for Steel, Gover...