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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 amRead more
"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 amRead more
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 amRead more
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 pmRead more
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 pmRead more
“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 pmRead more
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 amRead more
Production and consumption stood at 52,000 tonnes and 82,650 tonnes, respectively, in the year-ago month.
Posted: November 28, 2016, 5:10 pmRead more
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 pmRead more
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 amRead more
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