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India Steel News

Vizag Steel lines up Rs 42,400 cr expansion plan Apr 26, 2013Vizag Steel lines up Rs 42,400 cr expansion plan

Visakhapatnam Steel Plant (VSP), belonging to Rashtriya Ispat Nigam Limited (RINL), has embarked upon a massive expansion plan involving an investment of Rs 42,400 crore. To facilitate execution of VSP's expansion programme, the state government h... >> more

JSPL eyes third-largest steel maker spot by 2015 Apr 25, 2013JSPL eyes third-largest steel maker spot by 2015

Jindal Steel & Power Limited (JSPL) plans to become India's third-largest steel producer by 2015. By 2020, revenues from its steel business are expected to rise about five times to Rs 80,000-1,00,000 crore. Currently, JSPL is India's sixth-lar... >> more

India’s steel production up 6.5% in March Apr 23, 2013India’s steel production up 6.5% in March

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Steel demand to grow by 6-8 pc in current fiscal Apr 15, 2013Steel demand to grow by 6-8 pc in current fiscal

Tata SteelBSE -1.02 % hopes demand for the alloy will grow at a faster rate of 6-8 per cent in current fiscal on the back of higher demand from consuming sectors. "We expect this year, it should be somewhere between 6-8 per cent. This is because the ... >> more

Jindal Stainless signs pact with POSCO Apr 15, 2013Jindal Stainless signs pact with POSCO

Jindal Stainless (JSL) has signed an agreement with POSCO for selling stainless steel products to the South Korean steel maker. The pact envisages joint cooperation in POSCO’s projects, not POSCO's USD 12 billion proposed project in Orissa. The pact ... >> more

World Steel Association predicts 5.9% growth in India's steel demand in 2013 Apr 12, 2013World Steel Association predicts 5.9% growth in India's steel demand in 2013

World Steel Association has said steel demand is expected to pick up In India and demand expected to grow by 5.9% to 75.8 million tonne (mt) in 2013 following 2.5 % growth in 2012. The WSA which released its short term outlook for 2013 and 2014 in Br... >> more

Steel consumption grew by 3.3 per cent in FY'13 to 73.3 million tones Apr 9, 2013Steel consumption grew by 3.3 per cent in FY'13 to 73.3 million tones

India's steel consumption grew by just 3.3 per cent in 2012-13 fiscal to 73.3 million tonnes as demand remained subdued almost throughout the year due to slackening economy and high interest rates. The dip in consumption growth is the lowest for a... >> more

Ankit Metal & Power plans major capex in West Bengal Apr 5, 2013Ankit Metal & Power plans major capex in West Bengal

Ankit Metal & Power, an arm of SKP Group, which also owns companies like Rohit Ferro Tech (a leading producer of ferro chrome), Impex Ferro Tech (largest producer of manganese alloys) and SKP Overseas (owning Indonesia coal mines), is planning... >> more

FLSmidth bags Rs 190 cr order from Tata Steel Apr 4, 2013FLSmidth bags Rs 190 cr order from Tata Steel

Danish engineering firm FLSmidth today said it has got Rs 190-crore order from Tata Steel for supply of two pipe conveyors for transport of iron ore. The conveyors would be used for “transport of six million tonnes per year of iron ore over a distanc... >> more

NINL commissions steel making facility at Kalinganagar Apr 3, 2013NINL commissions steel making facility at Kalinganagar

After a decade long wait, Neelachal Ispat Nigam Limited (NINL), a joint venture company of MMTC and the Odisha government, has finally achieved steel making capabilities, making it only the second public sector steel unit in the state, after the R... >> more

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