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Govt extends implementation of steel quality order by 2 months

The earlier deadline expired on Tuesday and the present extension was necessitated as licensing process by BIS would take some more time, the Steel Ministry said in a statement.
Posted: December 7, 2016, 9:08 am
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Govt extends MIP on select steel products till February 4

"The Central Government hereby extends the applicability of MIP beyond 04/12/2016for further two months, i.e., till 4th February, 2017," the Directorate General of Foreign Trade said in a notification.
Posted: December 5, 2016, 10:42 am
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Tata Steel closes in on UK plant deal: Report

Union leaders will put a new rescue plan to its members this week, which could see investments into the UK's largest steel plant in return for concessions on staff terms and conditions.
Posted: December 5, 2016, 8:00 am
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Expect challenging times ahead for Indian steel players: ICRA

Domestic steel demand remained largely stagnant in Q1 2016-17, with consumption growing by just 0.4 per cent year-on-year (y-o-y) during this period, ICRA said in a statement.
Posted: December 2, 2016, 3:41 pm
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China merges steelmakers to forge new national leader

Shanghai-based Baosteel Group and Wuhan Iron and Steel Group, in the central province of Hubei, were combined to create China Baowu Steel Group, second only to Paris-listed ArcelorMittal.
Posted: December 1, 2016, 3:50 pm
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Till industry attains acclaim in R&D, go for international collaborations: Steel Minister

“There is no point in doing Research and Development just for the sake of doing it. There has to be a linkage to marketability of projects being undertaken."
Posted: December 1, 2016, 3:38 pm
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Tata Steel UK sells its speciality business to Liberty House for 100 million pounds

The company is pursuing a transformation plan to create a sustainable future for its UK strip products business. The success of this plan is likely to influence decisions on future investments.
Posted: November 29, 2016, 8:44 am
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Natural rubber production up 15% in October 2016

Production and consumption stood at 52,000 tonnes and 82,650 tonnes, respectively, in the year-ago month.
Posted: November 28, 2016, 5:10 pm
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Steel Min to adopt time bound approach to shift to digital mode

Initially, steel manufacturers, both in private and public sector will ensure that all their business transactions are undertaken in digital mode.
Posted: November 28, 2016, 3:40 pm
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German Chancellor Angela Merkel says G20 must tackle global steel glut

Angela Merkel said Germany would push for a collective solution for the worldwide glut that has dampened steel prices for years and raised tensions between China and other major producers.
Posted: November 28, 2016, 8:17 am
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