On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. Photograph: Amit Dave/Reuters The......
Leading steel producers including JSW, Essar, Ispat Industries have resorted to production cuts following a steep decline in demand amid the global economic slowdown. They are also aiming to clear......
Tax sops on the anvil, full power likely for small steel firms. A year after it declassified steel and its products from the list of essential commodities, the government is preparing to bring it......
The country's leading steel producers have devised a new strategy to pass on rising raw material costs to the end users without raising prices. Companies are now levying raw material surcharges......
The Unit Trust of India is in negotiations with Jindal Iron & Steel Company, Ispat Industries and Essar Steel to restructure their combined debt of Rs 2,100 crore (Rs 21 billion).While the......