Steel
JSW-JFF venture to buy Thyssenkrupp Electrical Steel India for $482 million
19 Oct 2024
A joint venture of JSW Steel and Japanese steel maker JEF Steel Corp is acquiring the Indian unit of German steel giant Thyssenkrupp for Rs4,051 crore ($482.1 million) in cash
Thyssenkrupp loses appeal against EC veto on Tata Steel joint venture
07 Oct 2024
Thyssenkrupp has lost its fight against an anti-trust ruling by European Commission on its proposal for a joint venture with Tata Steel Europe
New blast furnace ups crude steel capacity at Tata Steel Kalinganagar by 5 million tonnes
22 Sep 2024
Tata Steel on Friday commissioned a 5 million tonnes per annum capacity blast furnace at Kalinganagar, Orissa, raising the plant’s crude steel capacity to 8 million tonnes from 3 million tonnes.
Tata Steel secures £500 m UK govt grant for green steel initiative at Port Talbot
21 Sep 2024
Tata Steel has secured a £500 million grant from the UK government for the construction of an electric arc furnace at its Port Talbot steel plant in Wales
Visveswaraya Iron and Steel Plant back on revival path
31 Jul 2024
Visveswaraya Iron and Steel Plant (VISP), which the government put up for sale in October 2016, is now on the revival path with 130000 tonnes of steel production in the 2023-24 financial year.
India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.
ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn
14 Mar 2024
ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.
Nippon Steel claims 33% CO2 reduction through hydrogen injection technique
14 Feb 2024
Nippon Steel, the largest steelmaker in Japan, on Monday said it has succeeded in reducing CO2 emissions from a small-scale test blast furnace by 33 per cent
JSW, Japan's JFE to invest Rs5,500-cr in electrical steel venture in Karnataka
14 Feb 2024
JSW Steel and Japan's JFE Steel will jointly invest Rs5,500 crore in a steel plant in India to produce electrical grade grain-oriented steel, the companies stated in separate press releases.
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Tata Steel completes merger of 5 businesses, shelves TRF merger plan
08 Feb 2024
Tata Steel on Wednesday announced the merger of five strategic businesses of the group with itself as part of an integration process aimed at simplifying business portfolio.
Sail suspends 2 directors, 26 other officials over alleged corruption
20 Jan 2024
State-owned Steel Authority of India Limited (Sail) has suspended two directors, and 26 senior officials, including executive directors, over alleged corruption, according to a regulatory filing with the stock exchanges.
ArcelorMittal to acquire Brazilian steelmaker CSP for $2.2 billion
02 Aug 2022
ArcelorMittal also announced a new $1.4bn buyback programme of 60 million shares, to be completed by the end of May 2023, despite a 2 per cent decline in its net income to $3.92 billion for the second quarter ended 30 June 2022
Tata Steel looks to double local production to 40 million tonnes
08 Mar 2022
“Tata Steel India will double its production capacity from 20 million tonnes to 40 million tonnes through this decade,” Tata Sons chairman N Chandrasekaran said while paying homage to visionary founder of Tata Group, Jamsetji Nusserwanji Tata, on his 183rd birth anniversary
Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
