Tata Steel IJmuiden B.V., an indirect wholly owned subsidiary of Tata Steel Limited, has signed a Share Purchase Agreement to acquire 100% equity stake in LAG Velsen B.V. for up to €140 million (approximately Rs. 1,450 crore), according to a company statement released today.
Austrian steelmaker Voestalpine recently announced its first-half results for the fiscal year 2025/26. Revenue fell to EUR 7.6 billion, a 5.6% year-on-year decrease, impacted by US tariff pressures, low oil prices, and weak global demand.
According to data from the World Steel Association, Indonesia ranked as the world’s 14th-largest steel producer last year with a crude steel output of 18 million tons. However, the country remains a net importer of steel, with imports reaching 12.8 million tons
The decision, notified by the Finance Ministry on Thursday, follows the final findings of the Directorate General of Trade Remedies (DGTR) on August 13 which concluded that Vietnamese exports were being dumped in India at prices below normal value, causing injury to the domestic steel industry.
17 Nov, 2025 - Special Correspondent
State-owned miner NMDC increased price of iron ore by Rs. 50 per tonne of Baila Lump effective November 15 while leaving the price of the Fines unchanged. The new per tonne Baila Lump price is Rs. 5,600, the company said in a filing on Saturday.
17 Nov, 2025 - Special Correspondent
India’s coal imports rose sharply by 13.54 per cent to 22.05 million tonnes (MT) in September, driven by heightened demand for the dry fuel ahead of the festive season. The increase marks a significant jump from the 19.42 MT imported in the same month last year.
17 Nov, 2025 - Special Correspondent
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