Metaljunction

India's steel production grew by 3.5 per cent -- nearly three times the global average growth of 1.2 per cent -- in April to 6.62 million tonnes (MT). India, world's fourth largest steel producer, had produce

The Supreme Court-appointed Central Empowered Committee in Bangalore on Wednesday ruled out any possibility of allowing export of iron ore pellets from Karnataka-based miners. The team of CEC officials led by

Five political parties - the CPI, CPM, Forward Block, Samajwadi Party and RJD - on Tuesday urged the state government to present a white paper on Posco project. They also demanded immediate withdrawal of police

Heads of five state-owned firms, one additional secretary and six director-level officials are among the fifteen in the fray for the top job in iron ore producer NMDC which is running headless for over a year n

Sachin Ingale slipped out of his family's two-room, white-painted mud hut about 4 p.m. and walked into their farm field where the 22-year-old took a deep swig of pesticide from a plastic bottle. He died later t

Dissatisfied with the performance of SAIL, Steel Minister Beni Prasad Verma today asked the PSU to complete the expansion of projects within a short period of time so as to improve profitability. "Verma was no

JSW Ispat Steel Ltd has struck a deal to acquire the cement grinding facility of Heidelberg Cement India Ltd located at Dolvi in Maharashtra, for an undisclosed amount. The unit is adjacent to the company's ste

Rates to ship iron ore fell for a ninth day on speculation Chinese steelmakers will cut back from record-high production as prices fall. Daily earnings for Capesize ships hauling about 160,000 metric tons of t

In 2012, stainless steel prices showed the tendency of "rise before fall and mobile descending", resulting in a downward trend for most of the traditional stainless steel producing countries. Global stainless s

Duferco, one of the world's largest steel trading firms, said it was being forced to sharply expand trade financing for its clients as banks constrict exposure to the troubled industry. Banks are increasingly

Sui Southern Gas Company (SSGC) has again warned of cutting gas supply to the cash-strapped Pakistan Steel Mills by May 31 if outstanding dues are not cleared. In this regard, the utility company has served a f

Kobe Steel Ltd., Japan's third-biggest steelmaker, jumped 16 percent in Tokyo trading, leading domestic rivals higher and extending yesterday's gain after saying it planned to sell its voting right stake in hyd

A unit of Nippon Steel & Sumitomo Metal Corp., Japan's largest steelmaker, expects annual sales of 5 billion yen ($49 million) from its geothermal business as early as 2015. Nippon Steel & Sumikin Engineering

The Revenue Department today said it has detected a case of central excise duty evasion estimated at Rs 24 crore against Bhushan Steel Limited (BSL). "Investigation conducted by Directorate General of Central

Steel Authority of India Limited chairman Mr C S Verma has handed over 'assignments' for early commissioning of BOF & CCP Complex at IISCO Steel Plant at Burnpur to various groups of the plant while on a visit

Gulf Ispat Limited will set up a Rs 3500 crore integrated steel plant in Madhya Pradesh, according to press release here on Monday. Company director Ayush Goyal met MP chief minister Shivraj Singh Chouhan her

Steel Authority of India could see an up to 30 per cent rise in its coking coal imports to 13 million tonnes post capacity expansion, its spokeswoman said. SAIL, with an annual capacity of about 14 million to

Steel reinforcement-bar futures dropped for the second day as increasing output and cheaper iron ore prices outweighed a reduction in inventories. Rebar for delivery in October on the Shanghai Futures Exchange

National Mineral Development Corporation has entered into an agreement with Japanese and Korean companies for supply of iron ore from Bailadila mines in Chhattisgarh 'overlooking' objections raised by ministry

Shanghai Baoshan Iron and Steel Co. reported a net profit of RMB 1.628bn ($262.15M) for Q1 2013, up 33.3% from a year earlier. The company made RMB 46.4bn ($7.47bn) in revenue, down 2% from a year earlier. The