Steel Industry

  • SAIL chairman announces Rs 72 crore expansion plans, says difficult times are over January 20, 2014

    Steel Authority of India (SAIL) chairman Chandreshwar Verma on Sunday said the public sector's difficult days were over and it was on the path of growth. "The difficult days have ended for SAIL, whose future is bright," Verma said, adding the steel company has embarked upon an expansion project worth Rs...
  • Tata Steel says could cut around 500 UK jobs October 29, 2013

    Tata Steel, Europe's secondlargest steel producer, said on Tuesday it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries. Changes to its long products business which makes tubes, rails and rods, used in many industrial sectors ...
  • India not my top priority for investment: Lakshmi Mittal March 24, 2013

    Ahmedabad: Unhappy over delay in getting clearances for his projects, the world's largest steelmaker LN Mittal on Saturday said India was not his top priority for investment. Speaking to newsmen on the sidelines of convocation of Indian Institute of Management, Ahmedabad(IIMA), where he was the chief guest, Mittal said "I do...
  • SC order will revive steel industry: K'taka industries September 5, 2012

    Bangalore: The Supreme Court order lifting ban partially on mining operations in Karnataka would revive the iron ore production and provide relief to over 10,000 workers who were rendered jobless due to the restrictions, industry has said. The move may not pave the way for iron...
  • Forbes India: Sajjan Jindal's cloning factory October 28, 2009

    The steel entrepreneur has set his sights on building a Rs 60,000 crore diversified conglomerate in the next five years. And to make it happen, he is trying to create CEOs in his own mould. It was a night Sajjan Jindal will never forget. It was the first week of October...
  • ArcelorMittal still 'fully committed' to India October 5, 2009

    Brussels: ArcelorMittal, the world's largest steelmaker, said on Monday it remained committed to building steel plants in India, but could abandon existing plans and look for a different site. "We remain fully committed to India," a spokesman for the group said, though ArcelorMittal needed to keep its options in the country...
  • Paswan urges steel authorities to face up to challenges February 3, 2009

    New Delhi: Steel Chemicals and Fertilizers Minister Ram Vilas Paswan on Tuesday urged the Steel Authority of India (SAIL) to face up to challenges confronting the steel sector in the wake of the economic downturn. Addressing the Golden Jubilee Celebrations of SAIL, Paswan recalled the day when Indias first President Dr....
  • Tata Steel's Corus to cut up to 3,500 jobs: report January 26, 2009

    London: Steelmaker Corus is poised to axe up to 3,500 jobs next week, The Sunday Times reported. The precise number of lay-offs at the Anglo/Dutch steelmaker, owned by India's Tata Steel, were being thrashed out over the weekend, according to the paper. The job cuts are part of a long-term...
  • New Year begins with positive buzz in the steel industry January 12, 2009

    Mumbai: The New Year has begun with a positive buzz in the steel industry with demand for the metal picking up in a few product segments and its price also holding on after a sharp drop last year. Though, the upward trend could mean a recovery in other core sectors...
  • ArcelorMittal to cut 1,000 jobs even in low-cost Poland December 4, 2008

    Warsaw: In what seems to be a deviation from its stated policy to cut only non-production jobs and also an indication of demand contraction worldwide, the world's largest steel maker, the ArcelorMittal Group, has decided to cut 1,000 production employees from its plants in Poland, which have the lowest...
  • Mittal elected chairman of World Steel Association October 7, 2008

    Washington: London-based Indian-born billionaire Lakshmi Niwas Mittal was elected chairman of the World Steel Association ('worldsteel') on Monday. He will now represent about 180 steel producers from across the globe. Mittal's election as chairman till October 2009 was announced after a meeting in Washington of the Board of Directors of the...
  • Steel industry hails freight rate cut February 12, 2008

    New Delhi: Railway Minister Lalu Prasad Yadav on Monday announced a 5 per cent cut in freight transportation rates for diesel, petrol and a 6 per cent reduction in all minerals, including iron ore and limestone. On the demand of mineral-based industries like steel and cement, during the presentation of the...
  • Adaptability's key for Tatas: Mittal February 3, 2007

    London: Tata's takeover of Corus has met with approval in the steel industry. Steel giant L N Mittal has said that though mergers and acquisitions pose many challenges, the Tatas would be successful in handling them. Applauding the consolidation in the steel industry world over, global steel tycoon Mittal on Friday...
  • Koda puts Mittal, Tata under scanner September 19, 2006

    Ranchi: The political upheaval in Jharkhand has sent shockwaves across the industrial spectrum with the new Chief Minister announcing his decision to review over Rs 2,00,000 crore worth of investments in the state, including some big projects of Mittal Steel, Tata Steel and the Aditya Birla Group. In all, 43...