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India launches WTO case against U.S. steel duties

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India has launched a trade dispute to challenge U.S. duties on certain steel products, the World Trade Organisation said on Thursday.

The WTO gave no details but said India had 'requested consultatio

SAIL production at 13.5 MT in fiscal 2012

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State-run Steel Authority of India on Sunday said its production in the 2011-12 fiscal stood at 13.5 million tonnes, up five per cent over the previous fiscal, on better capacity utilisation of its pl

Steel prices to rise by up to Rs 1,000 on excise duty hike

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The increase in excise duty rate to 12 per cent would again push up the steel prices, rising since January, by up to Rs 1,000 per tonne as costs are likely to increase.

Jindal Steel and Power Ltd's

Essar Group doubles steel capacity at Hazira, Gujarat

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The Ruias-controlled Essar Group has doubled its steel-manufacturing capacity at this port town in south Gujarat to 10 million tonnes annually, making the unit the fourth-largest such facility at a si

Steel producers seeks 'deemed credit' on local scrap units

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Secondary steel producers have sought from the Centre ‘deemed credit’ facility on scrap sourced locally from non-excisable units, saying it will curb 'large scale duty evasion' and boost government

SAIL H1 sales up by over 4 pc to 5.6 MT on improved demand

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Steel Authority of India is set to report over 4 cent growth in its half-yearly sales to around 5.6 million tonnes on improved domestic demand across sectors, a source privy to the development said.

SAIL, Kobe JV agreement in four months, plant in Bengal

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Steel Authority of India Ltd (SAIL) is expected to sign a 50:50 joint venture agreement with Kobe Steel within 3-4 months that will help it acquire the Japanese company's patented technology.

"We are

SAIL expects $778 mln from share sale

State-run Steel Authority of India expects to raise around 35 billion rupees ($778 million) from a share sale, its chairman said on Saturday, adding he expected steel production and sales during the c

India to become second largest steel producer

New Delhi: Minister of State for Steel Beni Prasad Verma on Friday said that with a targeted production capacity of 120 million tonnes by 2012, India is expected to become the second largest steel pro

Steel futures strengthen on spot cues

New Delhi: Steel futures prices hardened by Rs 140 to Rs 29,230 per tonne in the future trading today on fresh buying by traders in tandem with firm spot market cue.

Market analysts said increased b

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