Iron And Steel Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

Price-band plan regressive

Tackle Demand-Supply Mismatch In Steel THE reported government proposal to enforce a price band for steel producers is myopic and based on fundamentally flawed logic. The idea that clamping down on steel prices by fiat would soften the underlying price trend is wholly questionable. The fact is that it is …

Steel firms may raise prices in August

Steel companies may hike prices after the three-month freeze ending August 7, since the government is not in favour of interfering in steel pricing. The industry had agreed to hold prices for three month after a price cut of Rs 4,000 a tonne, following a meeting with Prime Minister Manmohan …

Steel wrangle: Tata says such low prices not sustainable, cuts not reaching down

It was daggers drawn between the steel ministry and private producers today with the country's largest private steel maker Tata Steel slamming the government for its failure to ensure price cuts were passed on to end-users. The ministry, on its part, claimed that had it not intervened at first place, …

Steel ministry, industry trade charges on soaring prices

THE government and the steel industry locked horns on Wednesday, blaming each other for the soaring steel prices. While Tata Steel managing director B Muthuraman blamed the government for not playing a constructive and positive role to contain prices, steel secretary RS Pandey said the government has taken all possible …

Govt mulls steel price band to check inflation

IN A bid to curb the pricing freedom of steel manufacturers, the government is considering a price band for steel products, which would prevent price hikes beyond a prescribed ceiling. Going against the grain of economic liberalisation, the proposal is likely to be discussed at a meeting of the committee …

More checks on ore export likely

Concerned that iron ore prices continue to rise and augment inflationary pressures on the economy despite the imposition of 15 per cent ad-valorem duty on its exports, the Committee of Secretaries (CoS) is likely to discuss tomorrow wide-ranging options on further disincentivising ore exports either by capping its overseas sale …

Q1 may be a mixed bag for steel sector

Q1 PREVIEW Ishita Ayan Dutt / Kolkata July 9, 2008, 0:14 IST The first quarter of the current fiscal is likely to be a mixed bag for the steel industry, which was asked to cut prices by the government as part of the steps to contain inflation. Integrated steel makers …

Hardening steel to keep inflation over 11% this week too

Delay By Steel Min In Submitting Data Blamed INFLATION, which rose to 11.05% last week, is likely to stay above 11% this week too. And this time, the driver for high inflation numbers would be steel. The wholesale price index (WPI) to be reported on Friday will reflect the prices …

Tata plant in one month

The construction for the proposed 6MTPA steel plant of Tata Steel in Kalinga Nagar would start in a month, its managing director B. Muthuraman said. The Rs 21,000-crore project has been in limbo for more than two years after 14 tribal villagers died in a clash with police while resisting …

Battleground Chhattisgarh: Competing for iron ore mines

Chhattisgarh has rich iron ore deposit. The state is the most sought after location for the steel manufacturers. With the unchecked rise of steel prices the steelmakers want mining leases in the state at any cost. This has provided a new opportunity for many - opportunity to make some quick …

Tata Steel net zooms 196%

Plans To Form Int'l Co For Consolidating Raw Material Assets TATA Steel, India's largest steel company and the world's sixth largest by capacity announced its first consolidated fiscal year earnings on Thursday. The consolidated full year net profit for the company stood at Rs 12,321.76 crore, compared to Rs 4,165.61 …

Double-digit inflation to stay till Sept

DOUBLE-DIGIT inflation is here to stay for some more time, but could trend down in September. With prices of crucial commodities like steel likely to rise further, inflation is expected to stay over 11% before it peaks around September. It is estimated that steel and steel products (used in industries …

MSL in race to buy Indonesian mining firm

Pramugdha Mamgain NEW DELHI MAHARASHTRA Seamless (MSL), the flagship company of the Rs 3,000-crore DP Jindal Group, is in the race to acquire an Indonesiabased iron ore mining firm for around Rs 300 crore. It is learnt that Indonesian firm has iron ore reserves of close to 20 million tonnes. …

Iron ore prices rise to new high

Javier Blas & Rebecca Bream Baosteel agrees to pay a record price increase to Rio Tinto for delivery of iron ore next year. Baosteel, China's leading steelmaker, agreed on Monday to the largest ever annual increase in iron ore prices with Rio Tinto, the Anglo-Australian miner, in a move that …

Why Posco should leave

I can still remember how people were dancing and kicking at the bamboo cordons and shouting "Posco Go Back', when we reached Balitutha, near Parikud in Orissa on April 1, 2008. People from many parts of the state, especially from the scene of anti-displacement struggles (including Kalinga Nagar), had joined …

Europe's carbon market holds lessons for the U.S.

BRUSSELS: As the United States moves toward action on global warming, practical experience with carbon markets in the European Union raises a critical question: Will such systems ever work? Backers of carbon markets, including the presumptive U.S. presidential candidates Barack Obama and John McCain, see them as one of the …

Rotten steel frame of development

Sunita Narain India thrives on a cheap and dirty industrialisation model. We were standing in Sarova village, not far from Raipur, the capital city of mineral-rich Chattisgarh. All around us we could see some black stuff scattered on the ground. This, we were told, was the

India to have surplus steel by 12

India's steel production is likely to surpass the domestic requirement by 2011-12, easing pressure on prices of the alloy, which has been adding to the spiralling inflation. "We shall achieve 124 million tonnes of steel capacity by 2011-12, well exceeding the requirement that would be to the tune of about …

Vedanta eyeing aluminium co buy?

Anil Agarwal will tell you that he likes all his metals

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