JSW Steel news headlines and latest press reports.

SAIL records highest ever sales in June
Thu, 02 Jul 2020 00:00:00 GMT
Domestic sales and export stood at 12.77 Lakh tonne, a jump of more than 18% over the corresponding period last year (CPLY). In June20, the company also recorded its highest-ever exports for any month. It exported 3.4 lakh tonne steel during this period. It also achieved the best ever June dispatches of Rails to the Indian Railways in


SEAISI Press Release
Fri, 12 Jun 2020 00:00:00 GMT
Crisil: Indian Steel Demand May Not Recover Until Q3 This Fiscal


Steel demand wont recover till third quarter: Crisil
Thu, 11 Jun 2020 00:00:00 GMT
Demand for steel in India is unlikely to recover till the third quarter of this fiscal, according to a survey of steel manufacturers by credit ratings agency Crisil. Nearly 60% of the respondents said they expected demand to recover from the third quarter, as infrastructure and construction activities gather pace, migrant workers return to work, and the fiscal measures taken by the government improve availability of funds. About 33% of the respondents estimate utilisation to be 50-60% in


Covid impact: Large steel mills return to near normal production ...
Tue, 09 Jun 2020 00:00:00 GMT
After an unprecedented fall in domestic steel production in April due to one of the most stringent lockdowns in the world, large Indian steel manufacturers revived production to normal through May. Preliminary production numbers from two large firms, JSW Steel and Jindal Steel and Power (JSPL), and industry estimates for others suggest that average capacity utilisation has improved to nearly 75% level in May, backed by renewed domestic demand. Companies continue to export the bulk of their


Tata Steel chief TV Narendran steps down as ISA president
Mon, 04 May 2020 00:00:00 GMT
Bhubaneswar TV Narendran, chief executive and managing director of Tata Steel, has decided to step down as president of the Indian Steel Association (ISA). When contacted, Bhaskar Chatterjee, secretary general of ISA, confirmed the


The Covid-19 Pandemic Halts Steel Trading in Several Emerging ...
Wed, 29 Apr 2020 11:35:00 GMT
Business confidence is deteriorating, in India, as a result of the countrys strict Covid-19 measures. All steel trading activity is suspended. Service centres expect that end-user demand will remain


Share market update: Metal shares decline; JSPL tanks 17%
Wed, 01 Apr 2020 00:00:00 GMT
During the same period, the plant also posted a 30% growth in overall production of prime rails. Bhilai Steel Plant, which supplies rails to the Indian Railways, ended the fiscal 2019-20 with a cumulative production of 12.85 lakh tonne of UTS 90 prime rails, thereby registering a growth of 30% over the volume of prime UTS 90 rails produced over


Bidder JSW Steel a related party, can't be given immunity: ED ...
Thu, 30 Jan 2020 00:00:00 GMT
Bhushan Powers former promoters are facing charges of financial irregularities and money laundering. In an affidavit filed in the National Company Law Appellate Tribunal, the ED said JSW and Bhushan Power are related parties through a joint


NCLAT asks investigative agencies to clarify over JSW Steel's ...
Thu, 16 Jan 2020 00:00:00 GMT
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL


NCLAT seeks clarity from govt, agencies on JSW Steel immunity
Mon, 13 Jan 2020 00:00:00 GMT
ED had in October last year attached Bhushan Power and Steels Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution



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