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The Nagarnar steel plant in Bastar. | Photo: Bastar district website

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 Plant at Nagarnar, days after Chief Minister Bhupesh Baghel wrote to the Centre asking it to reconsider the move. The tribal leaders have said any move to privatise the Nagarnar steel plant will be strictly opposed, adding that private companies like Tata and Essar that had tried to enter Bastar earlier couldn’t do so. They said the same will happen in the future too. “We do not want to let any big corporate houses to enter the Bastar region… In this regard, we will very soon convene a meeting of Sarv Adivasi Samaj (All Tribal Societies) and will then decide about the outline of protests and movement to be launched in days to come,” said All India Tribal Federation president Manish Kunjam. Veteran tribal leader and former Union...

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.
A large pile of unprocessed logs| Daniel Acker/Bloomberg

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.
Molten steel is poured at a factory in Haryana | Udit Kulshrestha/Bloomberg

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. 
A laborer walks near the JSW Steel Ltd. manufacturing facility in Dolvi, Maharashtra. Photographer: Dhiraj Singh/Bloomberg

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.

China’s pollution crackdown is helping Indian steel, graphite industries

Firms such as HEG, Graphite India and Finolex have benefited from China’s pollution control measures.
File photo of Lakshmi Mittal,

ArcelorMittal heads to court in battle over India’s steel market

Billionaire Lakshmi Mittal’s ArcelorMittal will challenge the eligibility of the VTB-led Numetal Ltd. group in bidding for Essar Steel India Ltd. 

Govt sets deadlines, stiff targets for SAIL top brass

With its financial health still far from impressive, the steel ministry has put the PSU on a tight leash.

On Camera

Erdogan’s assault on Macron is the height of cynicism

There was a time when Turkish President Recep Tayyip Erdogan didn’t see the West as Turkey’s enemy and even wanted to join the European Union.

Turkey waging new war of economic liberation, says Erdogan after country’s currency falls

Erogan's speech follows the Turkish lira weakening to a record low of 8.3849 per dollar on Friday.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

Here is why US changed Rajnath Singh’s statement on ‘reckless aggression’ by China

Both the US State and Defense departments have added footnotes to the transcripts they released on Rajnath Singh’s remarks at 2+2. The State Department has also updated the text.
Illustration by Soham Sen | ThePrint

5 reasons for the crisis in global Islam

If tens of crores of Muslims across the world feel they are victims of mass Islamophobia, their holy prophet shown deliberate disrespect, it is a sense of crisis and siege.