ArcelorMittal, the second-largest steelmaker in the world, on May 2 said the global demand for steel outside China is likely to grow at 3-4 percent. The Luxembourg-based firm reported its earnings for the first quarter, which came ahead of analyst expectations.
India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China, a source with direct knowledge of the matter said, turning down requests from small steel producers.
Vedanta Group will invest $20 billion across all its businesses in India over the next four years, Chairman Anil Agarwal said at a company event, adding that the group will sell the steel business only at the right price.
02 May, 2024 - Special CorrespondentPrabhudas Lilladher has given BUY rating on JSW Steel with a target price of Rs 1017. JSW Steel's shares were trading at Rs 890.05, up 0.84 percent, as of 10:30 a.m. JSW Steel Ltd., founded in 1994
02 May, 2024 - Special CorrespondentSteel manufacturer Jindal Stainless on Wednesday announced a three-pronged investment strategy worth Rs 5,400 crore as part of its plans to augment its melting and downstream capacities, the company said in an exchange filing.
02 May, 2024 - Special Correspondent