Nippon Steel & Sumitomo Metal Corporation - Press ReleaseWed, 28 Sep 2022 13:00:00 GMT
Strengthening the Steelmaking Business Base in AM/NS India Decision ...
Tata Steel to merge seven group companies with selfSat, 24 Sep 2022 00:00:00 GMT
Four of these companies - Tata Steel Long Products, Tinplate Company, Tata Metaliks and TRF - are listed. Their stocks declined after the merger announcement, falling between 5% and 12%, amid a broader emerging-market equities sell-off triggered by the climb of the dollar index to a fresh
Nippon Steel says India JV with ArcelorMittal to spend $5 billion ...Mon, 05 Sep 2022 00:00:00 GMT
The expansion is aimed at meeting growing steel demand in India and winning a bigger slice of the market.
Japans Nippon Steel aims to almost double Indian units output ...Mon, 05 Sep 2022 00:00:00 GMT
Japans biggest steelmaker Nippon Steel Corp plans to almost double crude steel output capacity at its Indias Hazira plant to secure more of the growing market, an executive said. The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising interest rates and weaker demand in top buyer China. We are accelerating investment in India, Takahiro Mori, executive vice president at Nippon Steel, told Reuters - on Tuesday. In terms of steel, India is
ArcelorMittal's Indian captive asset buy bolsters its steel businessFri, 26 Aug 2022 00:00:00 GMT
The acquisition by its Indian joint venture plugs a crucial gap in its steel operations, even as a threat looms ahead from a new entrant in the
India to become largest steel producer: steel ministryWed, 24 Aug 2022 00:00:00 GMT
India will become the worlds largest steel producer in the future, Indian steel minister Jyotiraditya Scindia said during a conference organised by NMDC and FICCI. Currently, the nation is the second-largest steel producer after China, Kallanish notes. The minister also emphasised promoting domestically produced steel as a part of Atmanirbhar Bharat (self-reliant India). To
Tata Steel revamps Trostre annealing lineFri, 29 Jul 2022 00:00:00 GMT
Tata Steel has upgraded the Continuous Annealing Process Line (CAPL) at its Trostre plant in Wales for 6 million ($7.3m), allowing it to run faster and for longer, removing a key bottleneck, the steelmaker says. The CAPL, which processes 70% of the plants output, softens the strip steels before they go on to be
Tata Steel invests GBP6 million in Trostre plant upgradeThu, 28 Jul 2022 00:00:00 GMT
Steelmaker Tata Steel has invested GBP6 million ($7.2 million) to upgrade its Trostre plant in Llanelli, Wales, it said July 27. Danieli was the key contractor of the six-week project, which initially ran over December 2021 and January 2022 and included completely replacing all the control drives of the sites continuous annealing process line,
Ukraine: South Korea to revise FSM import dutiesWed, 27 Jul 2022 09:46:25 GMT
The Ministry of Strategy and Finances of South Korea begins the first revision of antidumping duties on the import of ferrosilicomanganese from Ukraine, as well as Vietnam and India. The duties are valid until November 29. The revision will cover the period from January 1, 2021 till December 31, 2021. The duties were imposed
Indias steel output grows 6% to 10 MT in June: worldsteelWed, 27 Jul 2022 00:00:00 GMT
Indias crude steel production rose over 6 per cent year-on-year to 10 million tonnes in June 2022, according to World Steel Association. As per the World Steel Association (worldsteel) data, India is the only country which has registered a positive growth in its steel output during June. The country had produced 9.4 million tonnes (MT) of crude steel during the same month last year, the global industry body said in its latest report. India is the worlds second-largest producer of crude
Tata's Maastricht service centre gets new processing lineTue, 26 Jul 2022 00:00:00 GMT
Tata Steels Maastricht service centre will receive a high-performance levelling and cut-to-length line, with an automated packaging system designed for high-strength strip steels. The subsidiary of Tata Steel Nederland has begun installing the line, which has been supplied by equipment maker FIMI. Its start-up is scheduled for mid-2024. Tata Steel says it is preparing
Indian steel makers report sharp fall in profits in Q1Tue, 26 Jul 2022 00:00:00 GMT
In May, India imposed 15% duty on exports of steel products to curb inflation by increasing supply in the domestic market. On a year-on-year basis, Indias steel export fell by 39% while Chinas rose by 3% in the June quarter. The trend was the other way round in the preceding
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