Tuesday, 17 May, 2022

Topic: steel

American Precoat Speciality’s Shubh Gautam helps start probe in Electro-Galvanised Steel dumping

The probe by India was initiated based on a written application by American Precoat Speciality Pvt. Ltd., led by its promoter and Chief Technical Architect Dr. Shubh Gautam.

India set for record steel consumption as economy begins to revive

Demand for steel is expected to surge 17% to 110 mn tonnes this financial year due to rising power consumption & mining activity, and higher tractor & passenger vehicles sales.

Pollution from steel or inflation: China must choose between the two

China is pushing for steel output to drop from a record of more than 1 billion tons. But moves to squeeze steelmakers have fired up prices & policymakers are worried about inflation.

Indian steel industry was heavily protected, but Budget 2021 has changed that. Here’s why

Steel prices have surged, affecting Modi govt’s infrastructure push. Now, it has reduced duties to facilitate imports despite ‘atmanirbhar’ mission.

India’s iron & steel exports to China surge despite LAC tensions — $1.86bn trade in Apr-Aug

India’s total iron and steel exports in the first five months of this fiscal to China were more than three times the figure in the entire financial year 2019-20.

Bastar tribals back CM Baghel’s move, oppose privatisation of NMDC steel plant

Raipur: The tribal leaders in Chhattisgarh’s Bastar are planning to join forces to protest the privatisation plans of the under-construction NMDC Iron and Steel...

Lakshmi Mittal accuses fellow steel tycoons of hiding funds through sham transactions

Lakshmi Mittal has been engaged in a year long battle to acquire a $5.9 billion insolvent steelmaker owned by the Ruia's Essar Group.

Skyscrapers made of wood make a return, helped by Google

Timber is becoming more cost competitive as steel prices rise, and the use of pre-fabricated wood panels allows for quicker construction with less labor.

Posco, Hyundai Steel in India’s sight as Modi looks to boost local production

India is set to overtake the US as the world’s second-largest consumer of steel, and companies including Posco and ArcelorMittal are keen to tap this market. 

In global expansion bid, JSW Steel invests $1 billion in US

JSW Steel is betting that vibrant growth will underpin demand in overseas markets and complement a boom at home.

On Camera


Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.


Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.