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A worker stands in front of steel tubes at the Steel Authority of India Ltd in Rourkela, Odisha | Dhiraj Singh | Bloomberg File photo

Carbon emissions by India’s steel sector to triple by 2050

India currently has 977 steel plants and is one of the few brights spots for demand globally as PM Modi's govt rolls out a plan to spend about $1.5 trillion to upgrade infrastructure.
Economy In Town At Threat As Tata Steel Ltd. Considers Selling Its U.K. Business

How Europe’s steel industry made millions from the climate crisis

Steel is responsible for about 7% of global emissions but even today the sector is mostly shielded from having to buy carbon pollution permits in Europe.
Economy In Town At Threat As Tata Steel Ltd. Considers Selling Its U.K. Business

Tata Steel will axe 3,000 jobs across Europe to cut costs

Tata Steel’s European operations are facing unprecedented severe market conditions & other steps will also be taken to cut costs.

JSW Steel pockets second major stressed asset as NCLT approves bid for Bhushan Power

JSW beat out rivals Tata Steel Ltd. & Liberty House Group with a bid of about Rs 19,700 crore, and now adds 3.5 million tons a year of capacity to its operations.
A worker stands in front of steel tubes at the Steel Authority of India Ltd in Rourkela, Odisha | Dhiraj Singh | Bloomberg File photo

India’s steel consumption set for slowest growth in 3 years

Steel companies are taking a battering this year as a crisis in the country’s shadow banking sector fueled a cash crunch, and economic growth slowed to a five-year low.

India leads in steel imports, records close to 100 million tons this year

India's overseas purchases from South Korea, Japan and other Southeast Asian neighbours totalled 7.8 million tons, making it a net importer, and are likely to stay around that level this year.
A man pushes a cart past the Imperial, a twin-tower residential skyscraper complex developed by S D Corp. | Dhiraj Singh |Bloomberg

Delays in sales of bankrupt firms raising funding costs, JSW Steel complains

Resolution process of bankrupt firms has been slowed as courts are inundated with appeals from founders, administrators, lenders & bidders.
Lakshmi Mittal

Homecoming costs Lakshmi Mittal’s ArcelorMittal $7 billion after a year of legal drama

Challenges from rival bidders & creditors have seen Mittal's firm make dozens of trips to court since an initial bid in Feb 2018 to acquire Essar Steel.
Suresh Prabhu

Exploring the possibility of manufacturing planes & drones in India, says Suresh Prabhu

Addressing the Lok Sabha, he added that the government had set up two 'task forces' for the purpose.

On Camera

Madhya Pradesh Chief Minister Shivraj Singh Chouhan holds a Cabinet meeting after its expansion, in Bhopal, on 2 July 2020 | Twitter

Madhya Pradesh’s new cabinet shows that a slow ‘Congressisation’ of the BJP is happening

In episode 512 of #CutTheClutter, Shekhar Gupta discusses how the BJP is resembling the Congress in terms of having an all-powerful central command and weak CMs.

Indian lawsuits allege former Wirecard COO played key role in deals later mired in disputes

The suits allege Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund in 2015.

Defence

File image of Indian soldiers in Ladakh | By special arrangement

India cautious of China on de-escalation at LAC, both agree on 72-hr observation window

There has not been any actual de-escalation since the third round of meetings between the corps commanders of the two sides Tuesday.
Illustration by Soham Sen | ThePrint

India must believe threat of war is real, even if Chinese build-up is coercive diplomacy

India invented coercive diplomacy with Op Parakram. But unlike Pakistan back then, it must never blink, be prepared for war, and wear out the Chinese.