South Asia Steel Sector News

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


Six personnel fall ill after inhaling toxic gas at SAIL's Bhilai ...
Fri, 03 Jan 2020 00:00:00 GMT
Six personnel fell ill after inhaling toxic gas at Steel Authority of Indias Bhilai Steel Plant (BSP) early on Friday


SAIL shares zoom over 9% post December sales data
Thu, 02 Jan 2020 00:00:00 GMT
SAIL posted a jump of 36 per cent year-on-year in sales during November and the company is consistently maintaining the growth momentum in sales, it


Govt taking steps to meet input challenges in steel sector: SAIL ...
Sat, 21 Dec 2019 00:00:00 GMT
Issues include iron ore allocation, coking coal crunch and high cost of producing steel in India


ArcelorMittal, Nippon Steel complete acquisition of Indias Essar ...
Thu, 19 Dec 2019 23:28:00 GMT
For many years, AM/NS has been investing in countries like the U.S., Brazil and Japan. Its India plans include an intention to increase finished steel shipments to 8.5 mtpa over the medium term, The


Cryogenic Tanks Market Continuous Excellent Growth Chart Industries ...
Wed, 18 Dec 2019 21:43:00 GMT
Some are the key players taken under coverage for this study are lapesa, Linde plc, Chart Industries, Cryofab, Henan Jianshen Metal Metenrial Co.Ltd., INOX India Pvt ... application for different


Advanced and Ultra-High-Strength Steel Market Size and Share ...
Mon, 16 Dec 2019 22:58:00 GMT
Ltd., Nippon Steel & Sumitomo Metal Corporation, Shougang Group, Tata Steel Limited, ThyssenKrupp AG and Voestalpine Stahl GmbH is also provided in the report. Advanced and ultra-high-strength steel


NCLAT dismisses ArcelorMittal plea over EPC Construction
Mon, 16 Dec 2019 00:00:00 GMT
ECIL's Committee of Creditors (CoC) had rejected ArcelorMittal India's bid and had voted in favour - with a majority of 73.14 per cent - of the resolution plan by Mauritius-based Royale Partners Investment Fund


ArcelorMittal completes acquisition of Essar Steel
Mon, 16 Dec 2019 00:00:00 GMT
According to a release, the company has also established a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India (AM/NS India), which will own and operate Essar


NCLAT dismisses ArcelorMittal plea over EPC Construction
Mon, 16 Dec 2019 00:00:00 GMT
ArcelorMittal India, subsidiary of the global steel major, had challenged it before the NCLAT contending that the action of the CoC is vitiated by procedural irregularities rendering illegal approval. The steel major has contended that the resolution plan submitted by it was ex facie a better resolution plan selected by the


SEAISI Press Release
Tue, 10 Dec 2019 00:00:00 GMT
JSWs crude steel production declines 7% in Novembe


A variety of options for revival of Tuwairqi Steel Mills
Sun, 08 Dec 2019 19:07:00 GMT
ISLAMABAD: Tuwairqi Steel Mills Limited (TSML) had been established in Pakistan in 2008 and could not be put into operation due to a gas supply dispute. TSML expected gas supply at an


SAIL awaits ArcelorMittal response to take joint venture plans ...
Mon, 25 Nov 2019 00:00:00 GMT
SAIL chairman A K Chaudhary said this while replying to a question related to the progress in talks with ArcelorMittal for setting up a joint


Arcelor entry will energise India's steel sector: Pradhan
Fri, 22 Nov 2019 00:00:00 GMT
ArcelorMittal, the world's biggest producer of the alloy, is entering India at a time when the sector is going through a lean phase, facing a demand slump. Other steelmakers shared Pradhans sentiments about ArcelorMittals entry into India. ArcelorMittals presence will bring in new technology, and have a longer-term impact on prices and the steel product


ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
Tue, 19 Nov 2019 00:00:00 GMT
ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a


In a hot market, beaten-down PSU stocks get cold shoulder. Here's ...
Mon, 30 Sep 2019 00:00:00 GMT
Closure of Trading Window of Steel Authority of India Limited from 1st October 2019 till 48 hours after declaration of financial results for the quarter ended 30th September


Sell SAIL, target Rs 30: Shubham Aggarwal
Sat, 14 Sep 2019 00:00:00 GMT
Some firms like Bhel, SAIL & HAL have suspended leave encashment, others have cut non-performers pay.


Share market update: Metal shares decline; JSPL dips over 1%
Tue, 30 Jul 2019 00:00:00 GMT
STEEL AUTHORITY OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/08/2019 ,inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June,


Brother of steel magnate Lakshmi Mittal remains in custody in ...
Fri, 26 Jul 2019 00:00:00 GMT
Lakshmi Mital, the CEO of global steel giant ArcelorMittal, has bailed out his cash-strapped brother Pramod in India.


Number of news reports: 20