Shares of Coal India have climbed 57 per cent in the six months amid rising power demand leading to volume growth, higher e-auction prices and cost peaking out. For November, Coal India's volume remained high at 63.1 million tonnes but its growth rate normalised (up 6.2 per cent YoY) due to a high b
The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China's domestic futures posting a decline. The two benchmarks generally move in tandem, but can de-couple, especially when Beijing expresses displeasure over price gains for the key steel raw mate
Tata Steel was the most downgraded stock over the last quarter amid concerns over factors including global economic uncertainty, delays in the company's capital investment plan, expansion plans, and specific operational aspects.
07 Dec, 2023 - Special Correspondent
Rajya Sabha member G.V.L. Narasimha Rao on Wednesday met Chairman and Managing Director of Steel Authority of India Limited (SAIL) Amarendu Prakash and discussed the possibility of merger of RINL (Rashtriya Ispat Nigam Limited), the corporate entity of VSP, with SAIL or at least get assistance from
07 Dec, 2023 - Special Correspondent
ArcelorMittal Nippon Steel India (AM/NS India) is set to establish three dedicated scrap-processing centres in Gujarat and Maharashtra, as major steel companies in India anticipate difficulties in meeting their scrap requirements through imports.
07 Dec, 2023 - Special Correspondent
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