Indian Steel Industry News

India to outpace China in 15 years: Rio Tinto (The Economic Times)
Tue 16 Mar 2010 8:26am
Rio Tinto is in the process of launching an iron ore project in Orissa. It has a 51% stake in a joint venture with state-owned Orissa Mining Corp. India a safe bet...


India to outpace China in 15 years: Australian mining giant (New Kerala)
Tue 16 Mar 2010 8:12am
By Paritosh Parasher, Melbourne, March 16 : India would outpace China in GDP growth within 15 years, Anglo-Australian mining giant Rio Tinto has predicted in its annual report releas......


India to outpace China in 15 years: Australian mining giant (Calcutta News)
Tue 16 Mar 2010 8:01am
India would outpace China in GDP growth within 15 years, Anglo-Australian mining giant Rio Tinto has predicted in its annual report released Tuesday....


OMC to soon appoint executant for iron ore project (Business Standard India)
Mon 15 Mar 2010 6:32pm
The state owned Orissa Mining Corporation (OMC) hopes to finalise the executant agency for its proposed Rs 350 crore mechanised mining, transportation and wagon loading facility at t......


Essar timeline pushed back (Grand Rapids Herald-Review)
Mon 15 Mar 2010 4:18pm
Expected construction completion dates for some major elements of the Essar Steel project have been extended - again....


POSCO to invest $240 mln in India steel plant - Finanz Nachrichten
Mon 15 Mar 2010 6:30am
SEOUL, March 15 (Reuters) - South Korea's POSCO , the world's No.4 steelmaker, said on Monday it would invest $240 million to build a galvanising steel plant in Maharashtra state ......


Paradigm change in steel industry (Express India)
Sun 14 Mar 2010 11:40pm
The Indian steel industry, at 55-60 million tonnes, is the 5th largest in the world, but dwarfed significantly by China's 500-million-tonne gorilla....


European steel demand to remain weak in 2010: Kirby Adams (Business Standard India)
Sun 14 Mar 2010 10:30am
The demand for steel in Europe will continue to remain weak in the current year as a result of poor offtake from both auto and construction sectors, Tata Steel Europe, which runs Cor......


Red shadow over Bengal showpiece (Express India)
Sat 13 Mar 2010 9:25pm
Sajjan Jindal's 10-million-tonne, Rs 40,000-crore integrated steel project at Salboni in West Midnapore district of West Bengal is running 15 months behind schedule....


Rising iron ore costs concern Chinese steelmakers (Calcutta News)
Sat 13 Mar 2010 11:01am
Premier of China, Wen Jiabao, has been asked by a number of steelmakers to direct the government to take on ore price negotiations, according to the official China Securities Journal....


McNally Engg bags order worth Rs 245 cr from SAIL (Business Standard India)
Sat 13 Mar 2010 8:46am
Engineering procurement and construction (EPC) firm McNally Bharat Engineering today said it has bagged a project worth Rs 245.42 crore from the Steel Authority of India Ltd (SAIL) f......


Forbes Lists Jindal As Richest Woman In India (Scoop.co.nz)
Fri 12 Mar 2010 9:26pm
Savitri Jindal is the richest woman of India, according to Forbes special report titled The World's Billionaires published on March 10. With her net worth of $12.2 billion, Jindal,......