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IANS, citing sources, reported that JSW Steel is likely to pay INR 19,700 crore to acquire the bankrupt Bhushan Power and Steel Ltd by March 15.

Posted By : Rabi Wangkhem 1 day 22 hours 56 minutes ago
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National Company Law Appellate Tribunal has dismissed the insolvency plea filed by IFCI against ACCIL Hospitality, a corporate guarantor of debt-ridden steel products maker Asian Colour Coated Ispat.

Posted By : Rabi Wangkhem 1 day 22 hours 59 minutes ago
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PTI reported that Kolkata based SAI Group is planning to invest INR 1,000 crore over the next 3-5 years in West Bengal for its steel business.

Posted By : Rabi Wangkhem 1 day 23 hours 1 minute ago
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Recently, Primetals Technologies received the Final Acceptance Certificate for the modernized rolling mill for long products at JSW Steel Ltd in Salem in India.

Posted By : Rabi Wangkhem 1 day 23 hours 3 minutes ago
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India’s Steel Minister Mr Dharmendra Pradhan visited Steel Authority of India Limited’s Bhilai Steel Plant. During the visit, the Minister started the heating process of BOF-3 which paved the way for...

Posted By : Rabi Wangkhem 1 day 23 hours 5 minutes ago
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At their steelplant in Völklingen, Germany, Saarstahl AG has successfully commissioned a new five-strand billet caster, supplied by SMS Concast, a member of SMS group.

Posted By : Rabi Wangkhem 1 day 23 hours 7 minutes ago
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China’s Shanghai Futures Exchange said that it hads successfully completed the first physical delivery of its stainless steel futures contract amid supply chain disruptions linked to a coronavirus outbreak in the...

Posted By : Rabi Wangkhem 1 day 23 hours 9 minutes ago
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Reuters reported that China’s Jiangsu Shagang Group and South Korea’s POSCO JV Zhangjiagang Pohang Stainless Steel Co Ltd has shut down production lines for one week from February 20 due to the coronavirus outbreak.

Posted By : Rabi Wangkhem 1 day 23 hours 10 minutes ago
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Metinvest's Central GOK is the first in Ukraine to equip the beneficiation area with KDF-90 ceramic filters. Installation of new vacuum filters is part of a large-scale project of the enterprise for the production of...

Posted By : Rabi Wangkhem 1 day 23 hours 12 minutes ago
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Gerdau ended the fourth quarter of 2019 with an adjusted EBITDA of BRL 1.1 billion, with a margin of 11.9%.

Posted By : Rabi Wangkhem 1 day 23 hours 14 minutes ago
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Russian steel giant Severstal is reconstructing shaft furnace No 1 in the electrical steel smelting and processing production facility at Cherepovets Steel Mill.

Posted By : Rabi Wangkhem 1 day 23 hours 16 minutes ago
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Japan's Kobe Steel Ltd has reported that its net profit attributable to the company for the nine months ended December 31, 2019 plunged 84 percent to JPY 7.22 billion from JPY 45.03 billion yen last year.

Posted By : Rabi Wangkhem 1 day 23 hours 17 minutes ago
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In 2019, Outokumpu’s sales decreased to EUR 6,403 million (EUR 6,872 million). Adjusted EBITDA decreased to EUR 263 million (EUR 485 million).

Posted By : Rabi Wangkhem 1 day 23 hours 19 minutes ago
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Embosal Brings Jumbo and Odd Size Steel Tubular Sections to Indian Market

Posted By : Yogender Pancholi 2 days 18 hours 25 minutes ago
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Posted By : Nishith Sharma 2 days 18 hours 56 minutes ago
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Germany’s largest union IG Metall’told Reuters that any new owner of Thyssenkrupp’s elevator unit not only has to provide guarantees against job cuts and plant closures, but also commit to staff involvement and...

Posted By : Rabi Wangkhem 2 days 22 hours 50 minutes ago
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Reuters reported that GFG Alliance will invest 1 billion euros in its Galati operations in Romania and 750 million euros at its Ostrava plant in the Czech Republic to modernise its emissions-heavy European steel plants...

Posted By : Rabi Wangkhem 2 days 22 hours 52 minutes ago
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Swedish SSAB’s subsidiary SSAB Chile announced the change of its Service Center for a new and larger structure in it commune of Quilicura in Santiago, to provide a better service with commercialized products of...

Posted By : Rabi Wangkhem 2 days 22 hours 54 minutes ago
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India’s largest stainless steel manufacturing company Jindal Stainless Limited has successfully completed level-2 process automation for its Argon Oxygen Decarburization converter at its Jajpur plant in Odisha.

Posted By : Rabi Wangkhem 2 days 22 hours 58 minutes ago
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The total economic effect from the implementation of projects to improve energy efficiency of production processes at Magnitogorsk Iron and Steel Works in 2019 amounted to around RUB 500 million.

Posted By : Rabi Wangkhem 2 days 23 hours 1 minute ago
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Sims Metal Management Ltd has published financial results for the initial half of fiscal year 2020. Group CEO & Managing Director Mr Alistair Field said, "This period has been challenging for all recycling companies...

Posted By : Rabi Wangkhem 2 days 23 hours 3 minutes ago
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US Department of Commerce announced on February 10th affirmative preliminary circumvention rulings involving imports of certain corrosion-resistant steel products made with substrate from the People’s Republic of...

Posted By : Rabi Wangkhem 2 days 23 hours 5 minutes ago
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Stelco Holdings Inc announced financial results of the Company for the three months and full year ended December 31, 2019.

Posted By : Rabi Wangkhem 2 days 23 hours 7 minutes ago
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Ternium SA has announced its results for the fourth quarter and full year period ended December 31, 2019. Ternium's operating income in 2019 was USD 864.6 million,

Posted By : Rabi Wangkhem 2 days 23 hours 11 minutes ago
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GFG Alliance has completed the acquisition of Adhunik Metaliks Ltd and Zion Steel Ltd in a INR 4.25 billion (USD 60 million) cash deal. GFG Alliance will introduce its GREENSTEEL model to revive the steel plants,...

Posted By : Rabi Wangkhem 3 days 22 hours 51 minutes ago
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