South Asia Steel Sector News

SAIL Bhilai Plant records a 42% growth in production of prime ...
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


AM/NS India announces Rs 100-cr support package to fight Covid-19
Wed, 01 Apr 2020 00:00:00 GMT
AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, and HMEL, a partnership between Hindustan Petroleum and Mittal Energy Investments, have announced a Rs 100-crore support package to strengthen India's capacity to protect families and communities impacted by


Europe Non Grain-oriented Electrical Steel Market 2020 is Evolving ...
Tue, 24 Mar 2020 03:31:00 GMT
Baowu ArcelorMittal TISCO JFE Steel Shougang Group NSSMC NLMK Ansteel AK Steel Thyssen Krupp Voestalpine Masteel Posco TATA Steel BX Steel Nucor CSC The Global Non Grain-oriented Electrical Steel


SEAISI Press Release
Mon, 09 Mar 2020 00:00:00 GMT
Covid-19 impact: Tata Steel to cut China dependence for key inputs


SEAISI Press Release
Wed, 04 Mar 2020 00:00:00 GMT
Coronavirus Boosts Indian Steel Export Prospects as China Chokes


Hadeed Pakistan Starts CR Mill in Pakistan
Thu, 27 Feb 2020 21:31:00 GMT
Hadeed Pakistan Pvt Ltd has recently started production of cold rolled steel in new300000 tonnes per annum capacity plant in Sheikupura Ferozwala in Punjab Provice of Pakistan. PCC Hadeed


Uncertainty Destabilises Steel Trade in the Emerging Markets
Thu, 27 Feb 2020 15:56:00 GMT
Flat product prices increased in Brazil, Russia and India, this month. In contrast, reductions were noted in China, amid the coronavirus outbreak. Uncertainty continues to unsettle steel purchasing


NCLAT gives approval to JSW Steel to acquire Bhushan Power
Tue, 18 Feb 2020 00:00:00 GMT
A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immune from the acts done by the former promoters of the Bhushan Power & Steel Ltd. However, it also said that prosecution against the former promoters under the money laundering act by the Enforcement Directorate can


SEAISI Press Release
Wed, 12 Feb 2020 00:00:00 GMT
Coronavirus impact: Indian steel sector on high alert


EU Finished Steel Imports in 9 Months Dip by 14% YoY
Tue, 04 Feb 2020 21:31:00 GMT
EUROFER latest report showed that total imports of steel products into the EU28 ... but with steeper falls in imports, such as Brazil, India, Taiwan, and South Korea. The only exceptions were


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


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


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


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


Number of news reports: 20