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Global operations weighing on local metal companies' margins
Wed, 15 Feb 2023 00:00:00 GMT
The companies include Tata Steel, JSW Steel, Hindalco Industries and Jindal Steel & Power. However, the companies are hopeful of a turnaround in the ongoing financial

The power of a multigenerational family metal manufacturing company
Mon, 13 Feb 2023 07:00:00 GMT
Growing aggressively in the face of a difficult labor market has earned Salem, Ohio-based and multigenerational family-owned Hickey Metal Fabrication The FABRICATORs 2023 Industry

Withdrawal of export duties, China opening up beneficial for ...
Tue, 24 Jan 2023 00:00:00 GMT
The withdrawal of export duties and China opening its economy would bring in further gains to the Indian steel sector, and the fourth quarter is expected to be a better period. Further, the correction in raw material and steel prices would open up export avenues for the sector, according to a top official at JSW Steel. However, the sentiment for FY24 is cautious as overall steel prices will remain range bound and the margins will get normalised, JSW Steel joint MD and group CFO Seshagiri

Liberty Liege attracts buyers' interest, Dudelange remains idled
Tue, 24 Jan 2023 00:00:00 GMT
Liberty Steels coil rolling plants in Belgium have started attracting some interest from potential buyers, according to local Belgian press reports. Indias JSW Group has allegedly registered its interest for the purchase of the assets, while other steel suppliers are also evaluating the case. Liberty Steel declined to comment when contacted by Kallanish on

JSPL acquires Monnet Power for Rs 410 crore at auction
Fri, 09 Dec 2022 00:00:00 GMT
Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL's Angul steel plant in Odisha, making the acquisition synergistic, the people cited above

CEO of JSW Steel's US arm resigns
Thu, 08 Dec 2022 00:00:00 GMT
Bush has stepped down from his role as Chief Executive Officer (CEO) of JSW Steel USA to pursue other opportunities, the company said in the

Export duty on steel was imposed to control inflation: JSW chairman
Tue, 22 Nov 2022 00:00:00 GMT
The government had levied export duty on steel to control inflation which has now come down, JSW Group Chairman Sajjan Jindal said on Monday. He made the remarks reacting to the governments action of removing the export duty on steel items. Duty was brought in because there was huge pressure on inflation and government wanted to cool down the inflation and the industry supported the government in the efforts, he told PTI on the sidelines of the 3rd Indian Steel Association (ISA) Conclave

Indian steel sector upswing is largely propelled by domestic ...
Sat, 12 Nov 2022 00:00:00 GMT
The Indian steel sector is the best among major economies given the favourable situation in the country, Jindal Steel and Power Limiteds (JSPL) managing director Bimlendra Jha said on Friday. He credited domestic demand on the back of initiatives like Atmanirbhar Bharat and Make in India for the growth of the countrys steel industry. JSPL MD said that steel companies should think from the perspective of partaking in Indias growth story against all the doom visible across the globe.

JSW Steel eyes 50 MT capacity by 2030 via greenfield, brownfield ...
Fri, 04 Nov 2022 00:00:00 GMT
Sajjan Jindal-led JSW Steel is eyeing a capacity of 50 million tonne (mt) by 2030 mirroring the countrys growth. Speaking on the sidelines of a session organised by the Indian Chamber of Commerce (ICC) in Kolkata, Jindal said JSW Steels current capacity is 27 million, which could increase to 50 mt by 2030 through greenfield and brownfield options. Jindals growth plans are in sync with the countrys target of doubling crude steel capacity to 300 mt of crude steel capacity in the next 9-10

Don't see further price correction: JSW Steel
Sun, 23 Oct 2022 00:00:00 GMT
JSW Steel official does not foresee any shift in policy on export duty in the near term but said the abolition of it would have increased steel exports helping greater utilisation of idle

POSCO Holdings chief elected worldsteel chairman
Wed, 19 Oct 2022 00:00:00 GMT
Posco Holdings chief executive Jeong-Woo Choi has been elected worldsteel chairman for one year from 18 October. Last years chairman, Sajjan Jindal, becomes vice chairman, as does Nucor chief executive Leon Topalian. Severstal chairman Alexey Mordashov has been re-elected to the executive committee, despite falling under EU sanctions earlier this year. The steelmaker is

JSW Steel registers sequential decline in Q2 production
Tue, 11 Oct 2022 00:00:00 GMT
This drop in production was attributable mainly to extended maintenance shutdown in JSW Ispat Special Products, subdued market conditions in US and lower capacity utilisation in other locations in India JSW Steel registers sequential decline in Q2 steel productionGovernments export duty on steel products is beginning to hurt production schedule of domestic steel producers with private sector steel maker JSW Steel reporting a 3% decline in crude steel production sequentially in

Number of JSW news reports: 12
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