Steel News

Government in talks with US over steel import tariff

NEW DELHI: The government Friday said talks are underway with the US over 25 per cent tariff it has imposed on steel imports.

JSW Proposes to Set Up Steel Unit in Odisha, JSPL to Expand its Plant

"We started setting up the cement plant and invested in port. We are commissioning new berths in Paradip Port. We are making plans to invest for a large greenfield steel plant in Odisha," JSW Chairman Sajjan Jindal said.

Vedanta Plans to Inject Rs 15,000 Cr in Odisha

Odisha has 700 mt of known bauxite reserves and has the potential to become the bauxite capital of the world. The state has 70 per cent of India's total bauxite reserves.

US Marekt: Cold-Rolled Coil, Hot-Dipped Galvanized Steel Sheet Prices Continue to Tumble

The spread between cold-rolled coil and HDG base prices to hot-rolled coil narrowed, with the daily Platts TSI HRC assessment remaining unchanged from Friday at USD 821.50/st.

Bankers Demand More from ArcelorMittal's for Full Control of Essar

Mittal has also paid Rs 7649 crore of dues owed by Uttam Galva, a company in which Arcelor Mittal held 29% stake and KSS Petron in which he had invested in his personal capacity in order to qualify as a bidder for Essar Steel.

JSW Steel Emerges as Preferred Bidder for Iron Ore Mine in Karnataka

Bangladesh; Local Steel Makers Seek Steps Against Low-Cost Import Under SAFTA

The total production of colour coated coil and sheet will reach 4 lakh tonnes per annum once the two new factories come into production.

Government Imposes Anti-Dumping Duty on Certain Steel Products from China

The duty has been imposed in the range of USD 44.89 to 185.51 per tonne on import of 'Alloy bars and rods in straight length, whether or not hot rolled, hot drawn, cold drawn, cold extruded, peeled bar, surface machined, polished, bright bar, forged'.

ArcelorMittal Named Preferred Bidder by Essar Steel Lenders

“The company will now enter into further final negotiations with the CoC,” it added. Essar Steel owes Rs 49,000 crore to various banks and was admitted by the National Company Law Tribunal (NCLT) in August last year, led by lead banker State Bank of India.

Japan's JFE Steel's US Customers Still Paying 25% Tariff: CEO

Japan exported 1.7 million mt of steel to the US in 2017. JFE's share was 600,000 mt, or about 35% of all Japan's steel exports to the US.