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Latest Articles in steel

Scandal-Hit Kobe Steel Seeks Loans, Shareholder Offers Support

Kobe Steel Ltd is seeking 50 billion yen ($440 million) in loans from banks, a banking source said on Monday, while a shareholder said it was ready to offer support as the company grapples with a scandal over falsified product specifications.

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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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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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Adani Agrees $54 Million Steel Supply Agreement With Arrium

Adani Enterprises has agreed a A$73 million ($54 million) steel supply agreement with Australia's Arrium to be used in a rail line for the proposed Carmichael coal mine

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Cabinet Clears National Steel Policy, Makes Local Steel Mandatory In Govt Infrastructure Projects

The Union Cabinet on Wednesday approved a proposal to make the use of local steel mandatory for government's infrastructure projects, Finance Minister Arun Jaitley said, aimed at boosting the sales of local companies

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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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India's Steel Industry Out Of Stress, Exports Up By 56%: Govt

India's steel industry has come out of the stress, with the exports going up by 57 per cent and imports declining by 34 per cent, the government told the Rajya Sabha on Wednesday

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Govt Sets Up Panel To Revive SAIL After Damning Report

India has set up an expert panel to help revive its loss-making state steel maker after a government review found the company to be far less efficient than its rivals despite spending more than $10 billion in the past eight years.

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Short Of Track, Railways Eyes Private Suppliers In Blow To Sail

Indian Railways is considering ending state-owned Steel Authority of India Ltd's virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector

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ArcelorMittal Consortium Submits Top Bid For Italian Steel Plant

The rival group that includes India's JSW Steel bid 1.2 billion euros for the Ilva plant, the three sources with direct knowledge of the bids said

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Steel Minister Birender Singh Says He Hopes Sail, ArcelorMittal Resolve JV Issues By May

Union Steel Minister Chaudhary Birender Singh said he hoped state-owned Steel Authority of India Ltd and ArcelorMittal SA would resolve differences over building an $897 million automotive steel plant before the deadline in May to close the deal

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Japan Asks WTO To Set Up Settlement Panel In India Steel Dispute

Japan in December asked for WTO dispute consultations with India over steel safeguard duties and a minimum import price for iron and steel products

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Government Mulls Local Steel Requirement For $59 Billion Infrastructure Spend

The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel , and eventually attract global steelmakers such as ArcelorMittal and Posco to invest in the country

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