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India's steel output expected to jump 18% to 120 MT in FY22
According to official data, India produced around 102 MT steel in the financial year 2020-21, registering a fall of 6.1% over FY20...
Hanish Agarwal
Sep 5, 20212 min read
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Tata Steel to open doors to transgender persons
The company has sought applications only from transgenders for the role of heavy earth moving machinery at its West Bokaro coalfields...
Hanish Agarwal
Sep 4, 20213 min read
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ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant
ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel, commissioned its second six million tonne...
Hanish Agarwal
Sep 2, 20211 min read
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Steel companies' debt fall 21% on rebound in free cash flow
The sector is less leveraged than in FY09 when the last steel supercycle ended. The consolidated debt of the steel companies has declined...
Hanish Agarwal
Sep 2, 20212 min read
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Shri Bajrang Power and Ispat gets Sebi's go-ahead to float Rs 700-cr IPO
Leading integrated steel company Shri Bajrang Power and Ispat Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700...
Hanish Agarwal
Aug 30, 20212 min read
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‘Steel prices will come down as production increases’
Union Minister Ram Chandra Prasad Singh says govt looking to ramp up production Union Steel Minister, Ram Chandra Prasad Singh, on...
Hanish Agarwal
Aug 26, 20212 min read
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Iron-ore prices tank as China’s steel output slows
One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about...
Hanish Agarwal
Aug 23, 20212 min read
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Kamdhenu to make 25% more steel TMT bars
Planning to augment its market share in Telangana Gurugram-based Kamdhenu, a diversified group operating in steel and paint sectors, will...
Hanish Agarwal
Aug 18, 20211 min read
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Shyam Metalics and Energy Limited - Rating outlook revised to 'Positive'; Ratings Reaffirmed
CRISIL Ratings has revised its outlook on the long-term bank facilities of Shyam Metalics and Energy Limited (SMEL) to 'Positive' from...
Hanish Agarwal
Aug 13, 20213 min read
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Drop in demand, firms asking to buy bulk stock: Steel raw material traders
Ludhiana: In a double whammy for the iron and steel traders dealing in various types of raw material, including HR coil, wire rod, TMT...
Hanish Agarwal
Jul 28, 20212 min read
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Ludhiana: MSME units say unjustified price hike of 20-100 % of steel killing industry
This month, the rate of HR coil is between Rs 70,000 and Rs 72,000 per tonne, which last year in July was about Rs 36,000. Similarly, the...
Hanish Agarwal
Jun 12, 20213 min read
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