[ad_1] The British government is in advanced talks with Tata Steel, the country’s biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, Sky News reported on Saturday. The funding would be pumped into the Port Talbot steelworks in
Britain in talks with Tata Steel over $629 million aid package – ET Infra Read More »
[ad_1] MUMBAI: Shares of most Adani group companies fell 2-4% on Thursday as sentiment soured after a report by Organised Crime and Corruption Reporting Project (OCCRP) – a network of investigative reporters backed by billionaire-philanthropist George Soros – alleged that business partners of the Adani family made large investments in its shares through ‘opaque’ Mauritius
Shares of Adani Group cos decline by 2-4% on OCCRP report – ET Infra Read More »
[ad_1] DUBAI: Saudi Basic Industries Corp said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment Fund (PIF) for an enterprise value of 12.5 billion riyals ($3.33 billion). The transaction is expected to close before the end of the first quarter of 2024, and proceeds from
Saudi’s SABIC to sell steel unit Hadeed to PIF for $3.3 bln – ET Infra Read More »
[ad_1] Rashtriya Ispat Nigam Ltd (RINL) or Vizag Steel Plant logged its best ever monthly sales of value-added steel products in August since inception at 1.57 lakh tonne, said an official on Saturday. In August, the steel plant sold 99,000 tonne of rounds (steel variety), which is the best ever sales milestone for this variety,
Vizag Steel Plant logs highest ever monthly sales of steel in August – ET Infra Read More »
[ad_1] Gurgaon: The Haryana State Pollution Control Board (HSPCB) has directed the city’s civic agencies to prepare a standard operating procedure (SOP) for dumping of construction and demolition (C&D) waste and road dust mitigation within a week. The decision was taken during a review meeting as part of the clean air programme. As winter is
Frame SOPs to manage construction waste in 1 wk, civic agencies told – ET Infra Read More »
[ad_1] Representative Image WASHINGTON, Sept 1 – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays on single-family housing projects. The Commerce Department said on Friday that construction spending rose 0.7%. Data for June was revised slightly higher to show construction spending increasing 0.6% instead of 0.5%
US construction spending rises strongly in July on single-family housing – ET Infra Read More »
[ad_1] NEW DELHI: State-owned NMDC on Friday posted a 37.5 per cent jump in iron ore production at 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year. During August, the company’s sales also rose by 25 per cent to 3.54 MT from
NMDC iron ore output grows 37 pc in Aug; sales up 25 pc – ET Infra Read More »
[ad_1] The special steel plates supplied by SAIL have high strength, toughness and corrosion resistance, making them ideal for naval applications. One of India’s largest steel producers Steel Authority of India Limited (SAIL) has once again demonstrated its strong focus on enhancing the country’s defence capabilities by supplying the entire quantity of special steel plates
India’s defence indigenization: SAIL supplies steel for Navy’s P17 A project – ET Infra Read More »
[ad_1] Representative Image NEW DELHI: India‘s finished steel imports from China touched a five-year high in the first four months of the fiscal year that began in April, according to provisional government data reviewed by Reuters. During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tons, up 62% from the
India’s April-July finished steel imports from China at five-year high – ET Infra Read More »
[ad_1] TOKYO: Nippon Steel Corp, Japan’s top steelmaker, expects profit margins on steel sales in Asia will remain weak through March because of sluggish demand in the world’s top consumer China and in the region, a senior executive said. But the world’s fourth-biggest steelmaker is still on track to achieve a record annual business profit
Nippon Steel expects Asia’s steel margins to remain weak – ET Infra Read More »
