Don't stifle steel when demand surges.
Byline: M V Ramsurya MUMBAI: The Union government's recent policy measures on steel, both administrative and fiscal, have meant turning a full circle for the steel industry 17 years after the sector was decontrolled. The levy of export tax on steel and monitoring of steel...

Steel price hike as input costs shoots up.
MUMBAI: All big steel companies including Tata Steel, Essar Steel, JSW Steel, state-owned Steel Authority of India (SAIL), Ispat Industries and Uttam Galva on Friday announced hike in steel prices ranging from Rs 2,000 to Rs 2,500 per tonne. This round of hike makes price of hot rolled steel...

Are you getting dumped on?
Are you getting dumped on? A.D. "Butch" Horn The Commerce Department has determined that companies have "dumped" nails on the U.S. market -- that's selling them at less than a "fair" price. An investigation shows that companies from China and the United Arab Emirates have...

Export duty likely to hit secondary steel makers.
Byline: Pramugdha Mamgain NEW DELHI: Secondary steel producers have said that they would be hit hard if the government's proposal to impose 10% export duty on cold rolled (CR) steel and galvanised steel goes through. With the imposition of export duty, secondary steel industry, comprising CR and...

Govt may scrap steel export duty.
NEW DELHI: Government is considering to withdraw the export duty on steel that it had notified on May 10, after a request towards this end has come from the steel ministry. Steel secretary RS Pandey said the demand of the steel producers on rolling back the export...

Tyre & steel cos face probe for cartel bid.
Byline: Gireesh Chandra Prasad & Subhash Narayan (##include msid=2459375,type=9 ##) NEW DELHI: Taking its fight against inflation forward, the government has asked the fair trade regulator MRTP Commission to probe into suspected cartel-like behaviour among major tyre and steel makers. The investigation wing of the...

Essar in talks with Arcelor Mittal to buy US steel co.
Byline: Kausik Datta (##include msid=2459375,type=9 ##) MUMBAI: The Essar Group is in negotiations to buy US steelmaker Sparrows Point. Arcelor Mittal, the world's largest steel maker, has been looking for a suitor for the US steel firm ever since it cancelled a deal to sell...

Steel prices slashed to dent inflation.
NEW DELHI: THE country's top steel producers, including Tata Steel, SAIL and Jindal Steel, on Thursday decided to roll back the prices of long steel products, including construction-grade TMT bars by Rs 2,000 per tonne. The price cuts would be implemented immediately. The reduction in prices of...

Stocks to watch.
MUMBAI: Equities are seen range-bound on Wednesday on mixed global cues. The government has kickstarted the process to sell a substantial portion of shares in a few blue-chip companies, now vested with the Specified Undertaking of UTI. On top of the list are Axis Bank (in which...

Steel cos blame high input costs for price hike plan.
MUMBAI: Prices of raw materials used in the steel industry have been surging, prompting private steel companies to consider a price hike, a move which could put a spanner in the ongoing talks with the government to contain steel prices. Although all private integrated steel companies that...