India’s demand for steel in 2020 is estimated to decline by 18% in 2020 due to the effect of the coronavirus pandemic on the economy, and could rebound by 15% in 2021, according to the World Steel Association,or worldsteel
05 Jun, 2020 - Special Correspondent
The government has extended anti-dumping duty on certain variety of steel products till December 4 this year with a view to guard domestic manufacturers from cheap imports coming from China, Malaysia and Korea.
05 Jun, 2020 - Special Correspondent
Jindal Steel & Power Limited has recorded the highest ever standalone steel sales of 640,000 tonnes in May 2020,which is a remarkable growth of 28% as compared to sales of 500,000 tonnes during the same period in the previous year. Out of 640,000 tonnes of total standalone sales, 4,01,000 tonnes are
The Committee of Directors of Tata Steel Limited has today approved allotment of 4,000 - 8.08% p.a Unsecured, Rated, Listed, Redeemable, Floating Coupon, Non-Convertible Debentures of face value Rs. 10,00,000/- each, for cash aggregating to Rs. 400 crore, to identified investors on private placement
The development assumes significance as Coal India (CIL), which accounts for over 80 percent of the domestic fuel output at present, has sufficient fuel to cater to the demand.
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