Steel Minister Chaudhary Birender Singh said the country's steel output is at around 120 million tonnes and the government is aiming to achieve 300 million tonnes by 2030.
NEW DELHI: The government Friday said talks are underway with the US over 25 per cent tariff it has imposed on steel imports.
India’s leading steel producer and global steel giant, Tata Steel has awarded CMI Industry METALS a contract for three state of the art processing lines: 2 Continuous Galvanizing Lines (CGL) & 1 Continuous Annealing Line (CAL).
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.
Tata Steel had earlier said it has executed definitive agreements for the acquisition of UML's steel business for Rs 4,300-4,700 crore through a slump sale on a going concern basis.
With ArcelorMittal’s Essar Steel acquisition now in the books, enabling Lakshmi Mittal to enter India in a big way, private steel makers led by Tata Steel and JSW Steel may now have to focus on increasing efficiency and cutting costs.
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'.
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