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India Steel News

JSPL hopes to start SMS facility in June May 15, 2013JSPL hopes to start SMS facility in June

Jindal Steel & Power Ltd (JSPL) which is building a six million tonne per annum (mtpa) greenfield steel plant at Angul, expects to start operations of its steel melting shop (SMS) by June this year. The company hopes to achieve steel-making ca... >> more

UP cut in entry tax on iron and steel to lower production cost May 8, 2013UP cut in entry tax on iron and steel to lower production cost

Acceding to a long-standing demand of the industry, Uttar Pradesh cabinet on Tuesday approved reduction in the entry tax on iron and steel from five per cent to one per cent.

This would benefit the large number of iron and s... >> more

Maharashtra Seamless bags export order May 7, 2013Maharashtra Seamless bags export order

Maharashtra Seamless, a producer of coated seamless pipes and tubes has bagged an export order in USA.The export order worth $ 22 million (approx Rs 118.49 crore) has been bagged for supply of seamless and ERW pipes for drilling programmes in USA.... >> more

RINL to set up plants, steel mill at Bayyaram Apr 26, 2013RINL to set up plants, steel mill at Bayyaram

Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) has made an announcement that it is planning to set up a beneficiation plant, pelletisation plant as well as a steel mill at Bayyaram in Khammam district once the iron ore mines are allotted by... >> more

Vizag Steel lines up Rs 42,400 cr expansion plan Apr 26, 2013Vizag Steel lines up Rs 42,400 cr expansion plan

Visakhapatnam Steel Plant (VSP), belonging to Rashtriya Ispat Nigam Limited (RINL), has embarked upon a massive expansion plan involving an investment of Rs 42,400 crore. To facilitate execution of VSP's expansion programme, the state government h... >> more

JSPL eyes third-largest steel maker spot by 2015 Apr 25, 2013JSPL eyes third-largest steel maker spot by 2015

Jindal Steel & Power Limited (JSPL) plans to become India's third-largest steel producer by 2015. By 2020, revenues from its steel business are expected to rise about five times to Rs 80,000-1,00,000 crore. Currently, JSPL is India's sixth-lar... >> more

India’s steel production up 6.5% in March Apr 23, 2013India’s steel production up 6.5% in March

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Steel demand to grow by 6-8 pc in current fiscal Apr 15, 2013Steel demand to grow by 6-8 pc in current fiscal

Tata SteelBSE -1.02 % hopes demand for the alloy will grow at a faster rate of 6-8 per cent in current fiscal on the back of higher demand from consuming sectors. "We expect this year, it should be somewhere between 6-8 per cent. This is because the ... >> more

Jindal Stainless signs pact with POSCO Apr 15, 2013Jindal Stainless signs pact with POSCO

Jindal Stainless (JSL) has signed an agreement with POSCO for selling stainless steel products to the South Korean steel maker. The pact envisages joint cooperation in POSCO’s projects, not POSCO's USD 12 billion proposed project in Orissa. The pact ... >> more

World Steel Association predicts 5.9% growth in India's steel demand in 2013 Apr 12, 2013World Steel Association predicts 5.9% growth in India's steel demand in 2013

World Steel Association has said steel demand is expected to pick up In India and demand expected to grow by 5.9% to 75.8 million tonne (mt) in 2013 following 2.5 % growth in 2012. The WSA which released its short term outlook for 2013 and 2014 in Br... >> more

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