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JSW may announce stake sale to JFE

 Billionaire Sajjan Jindal-promoted JSW Steel is likely to announce a stake sale to Japan's second-largest steel maker, JFE, after about eight months of discussion. The company said, on July 27 its......

Essar Steel looks abroad for auto partner

Essar Steel wants to partner with a foreign company to consolidate its position in the automobile steel market in India. The company, soon to be a 10-million tonne per annum manufacturer, has 20-25......

Tata Steel to shut 2 UK sites; 400 jobs at stake

 The announcement evoked a sharp response from the UK and Ireland’s largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory......

Steelmakers look downstream for higher margins

 For so long Indian steelmakers, primarily, have been producing the low grade and raw steel and settled for lower margins, not any more. With a stable 8-10 percent rise in steel demand per year, and......

Tata Steel, JSW, SAIL brace for achche din ahead

 Domestic steel majors such as SAIL, JSW Steel and Tata Steel will have a better year ahead on the back of capacity expansions and higher utilisation, leading to rise in profitability, global......

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