Steel
- Business
Steel consumption down by 3.6pc in September: Report
Kolkata: Despite rising economic activities, finished steel consumption in September this year was lower by 3.6 per cent over the corresponding month last year but production of the metal grew, a report…
- Business
Steel, oil cos become lifeline with ramped up oxygen supplies for COVID relief
New Delhi: Steel and oil companies have emerged as the oxygen lifeline for the country gasping for breath in the ongoing second wave of Covid-19. Companies such as IndianOil, BPCL, SAIL, Vedanta, JSPL,…
- Business
Commodity Concern: Rising prices emerge as next big hurdle for economic rebound
New Delhi: India’s slow but sure economic rebound faces rising inflation flared by high commodity prices as the next big hurdle to attain faster overall recovery. In the last 3-6 months, accelerated economic…
- Photos
Photos: Vizag Steel Plant employees rally in protest against privatization
Visakhapatnam: Vizag Steel Plant employees and trade union members stage a protest against the central government’s decision of privatization of the Rashtriya Ispat Nigam Limited (RINL), in Visakhapatnam, Friday, Feb. 5, 2021.…
- Hyderabad
Founder of United Steel of Musherabad Syed Anwar passes away
Hyderabad: Syed Anwar, former member of Steel Association of Hyderabad passed away at 3:10 a.m. on January 26. He died due to heart attack. Anwar who was the son of late Syed…
- Business
Steel magnate Laxmi Mittal’s brother Pramod declared bankrupt
London: Pramod Mittal, the flamboyant brother of the world’s richest steel magnate and the CEO of ArcelorMittal Laxmi Mittal, has been declared bankrupt owing to $160 million. Pramod (64) was made bankrupt…
- Business
Steel oversupply to drive price correction in Q2 FY21: Ind-Ra
Mumbai: Steel prices could fall further in coming weeks as domestic production will gradually increase with the easing of lockdown restrictions along with no corresponding increase in demand, according to India Ratings…
- Business
Bengal steel sector hit with a double whammy
Kolkata: The steel industry of West Bengal has been hit with a double whammy as operations commenced in green zones. There are several hurdles to resume operation with a truncated workforce, while…
- Business
State-owned NMDC’s profit up 22 pc at Rs 4,642 crore in FY 19
New Delhi: Government-owned NMDC Ltd, previously known as National Mineral Development Corporation, on Thursday reported turnover of Rs 12,513 crore during 2018-19, up 5 percent from Rs 11,615 crore in the previous…
