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Latest Articles in Steel

Kobe Steel Crisis Deepens As More Data Tampering Revealed; Shares Tumble

Apan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.

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Tata Steel Sells UK Pipe Mills To Liberty House

Tata Steel said it had agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum

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Bhushan Steel Fourth-quarter Loss Bigger Than Stated Earlier

Bhushan Steel reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs

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Essar Steel Eyes 25% Market Share In Auto-Grade Steel Segment

Automotive high strength steel grades maintain the safety standards of vehicles, while improving fuel efficiency through lightweighting.

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Tata Steel Sells Stake In Tata Motors To Tata Sons For $586.3 Million

As of end-March, the steelmaker owned a 2.9 percent stake or about 83.64 million shares in Tata Motors, according to stock exchange data.

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Pennar Industries Wins Contracts Worth Rs 255 Crore

The orders include module mounting structures from Adani Power, Larsen & Toubro, Sterling & Wilson, Azure, Renew, Amplus and Asian Fabtech among others, Pennar Industries said in a statement.

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Arcelormittal Agrees On Concessions To Seal Delayed $897 Million JV With SAIL

ArcelorMittal, the world’s largest steel producer, on Wednesday said it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture

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Union Workers Ratify Arcelormittal Quebec Mine Contract

Union workers at ArcelorMittal’s Mont-Wright iron ore mine in northern Quebec have ratified a new four-year contract with the steelmaker, the world’s largest, the United Steelworkers union said

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India Plans Land ‘Swaps’ To Attract Steel Investors: Steel Secretary

India is drafting a land-for-assets policy among a raft of measures aimed at attracting foreign investment into the world’s third largest steel producing market

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India May Make Local Steel Mandatory In Government Infrastructure Projects

The Union Cabinet may clear a proposal on Wednesday to make usage of local steel mandatory for government’s infrastructure projects

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Liberty House To Add 300 New UK Steel Jobs, Invest £20 Million

Liberty House, the industrial and commodities group that is buying up steel assets around the world, will add 300 UK jobs at the speciality steels business it bought from Tata Steel this year

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India Set To Topple Japan As Largest Steel Producer By 2018-19, Says Lobby Group President

After recently becoming the net exporter of steel for the first time, the Indian steel sector is now poised to grab the second position from Japan as the largest steel producer by 2018-19

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