GST rollout: Coal in lowest tax slab, steel prices to remain stable
Fixing of the GST rate on coal at 5 percent will lead to stabilisation of steel prices, a top official said on Thursday.
May 18, 2017, 20:35 PM IST
POSCO Q3 profit jumps to over 4-year-high as China prices gain
POSCO posted its strongest quarterly operating profit in more than four years, beating analysts` estimates, as a sustained recovery in Chinese steel prices helped boost margins for South Korea`s top steelmaker.
Oct 26, 2016, 13:20 PM IST
Britain urges China to speed up on cutting steel capacity
Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India`s Tata Steel has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk
Apr 09, 2016, 21:52 PM IST
Slump in oil, commodity prices to help India build infra: CEA
Slump in oil, steel and cement prices presents India with an opportunity to build infrastructure at lower costs as well as shore up public and private spending, Chief Economic Advisor Arvind Subramanian said.
Feb 05, 2016, 15:18 PM IST
Crisis-hit Tata Steel asks suppliers to slash prices
Amid a crisis in Britain's steel sector, Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.
Nov 09, 2015, 06:43 AM IST
Steel prices may stay under pressure in FY16: Moody's
Subdued domestic demand and rise in imports from China, Russia and Korea had exerted pressure on steel realisations in the last fiscal, he added.
Jun 07, 2015, 13:23 PM IST
POSCO Q1 profit up 20%, low iron ore costs outweigh weaker steel prices
That compared with 518 billion won in operating profit in the same period a year earlier, and 632 billion won in the October-December quarter.
Apr 21, 2015, 13:00 PM IST
Tata Steel Thai unit expects net loss for 2014/15 on weak demand
Tata Steel Thailand PCL, the Thai unit of India`s Tata Steel Group, said on Wednesday it expects to post a net loss for the fiscal year ending March 2015 due to falling steel prices and weak demand.
Feb 25, 2015, 11:31 AM IST
NMDC may slash iron ore prices in Dec
Falling global prices and subdued demand may prompt country's largest iron ore miner NMDC to cut the price of steel-making raw material for the second month in a row in December.
Nov 26, 2014, 18:35 PM IST
