Steel – Feedback

Steel

Steel Authority of India (SAIL) and ArcelorMittal will enter into a memorandum of understanding (MoU) to form a joint venture (JV) to set up an auto-grade steel plant. JV is almost finalised and will be signed within few days. It will be formed to set up a 1.5 million tpa capacity steel plant at an […]

Odisha government has received Rs 3,548 crore under the District Mineral Foundation (DMF) Trust Fund to carry out development works in mineral bearing areas in the state, a top official said today. “The total contribution received in the DMF Trust Fund till October this year stands at Rs 3,548 crore,” Chief Secretary A P Padhi […]

Domestic stainless steel production will reach the 3.6-million tonne mark at the end of 2017, industry body ISSDA has said. If the output crosses that level, it will be about 9 per cent more than last year’s. “The production of stainless steel in the country at the end of the calendar year 2016 was 3.3 […]

JSW steel intends to set up a greenfield ISP along with a captive power plant (CPP) near Paradeep in Jagatsinghpur district of Odisha. Project envisages production of 13.2 million tpa crude steel with a 10 million tpa cement plant and 900 MW power via blast furnace (BF), basic oxygen furnace (BOF) caster route.Project will spread […]

Tata Steel has set up Indias largest coke dry quenching (CDQ) facility capable of handling 200 metric tonnes of the hot fuel per hour at its greenfield Kalinganagar steel plant in Odisha. CDQ is a heat recovery system to cool the hot coke from ovens.Nippon Steel and Sumkin Engineering (NSENGI) of Japan was the supplier […]

Tata Steel, Essar Group and ArcelorMittal have submitted bids to acquire Essar Steel. The expression of interest (EoI) for Essar Steel was invited by 23 October 2017 and Essar Group has submitted EoI. The bidding process is on a purely commercial basis and the final selection is done based on the highest bid offered for […]

JSW Steel, Tata Steel and Vedanta are among the seven companies that have expressed interest in Bhushan Power & Steel, undergoing the Reserve Bank of India (RBI)-mandated insolvency process. Apart from the three companies, a private equity player, an investor from the UAE, a mid-sized domestic steel company and the existing promoter, Sanjay Singal, have […]

Backed by strong demand from China, flat steel producers who raised prices at the beginning of August by up to Rs. 3,000, one of the steepest in recent times, are mulling an increase next month. Though it is not quite clear what the next round of increase would be, it is likely to be over […]

JSW Steel today said its board has approved the plan to set up a Rs 2,100 crore slurry pipeline in Karnataka to transport iron ore and coal for its 12 MT integrated steel plant in the state. “As the availability of iron ore at a fair price within Karnataka is of paramount importance for long […]