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Business News Today: Read latest breaking headlines for Business news, Financial news, Stock/Share market & Indian Economy news & updates on Businessline.
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Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
2+ mon, 2+ week ago (375+ words) Any move to impose an anti-dumping duty on cold-rolled grain-oriented electrical steel (CRGO), which accounts for nearly 90 per cent of India's imports to meet domestic requirements, could increase transformer manufacturing costs and slow the country's power grid expansion, Thin Tank…...
Delays mount In green steel projects as funding falls short
2+ mon, 3+ week ago (419+ words) Delays to green steel projects are growing and government support is far short of what is needed, jeopardising the industry's drive to cut emissions, steel associations warned at an annual meeting in Singapore this week. About half of the world's…...
India, ASEAN steel demand to offset China slowdown – Rio Tinto
2+ mon, 3+ week ago (103+ words) India and ASEAN's steel demand will counterbalance China's slowdown, says Rio Tinto's Bold Baatar at Singapore conference. India, ASEAN steel demand to offset China slowdown â Rio Tinto He added â that the company's âportfolio is increasingly tilted towards…...
Goldman Sachs flags rise in global steel prices, subdued China production
3+ mon, 3+ week ago (524+ words) Goldman Sachs reports rising global steel prices with Brazil leading gains, while China's production remains under pressure. Goldman Sachs flags rise in global steel prices, subdued China production Global long steel prices also saw gains during April. Global steel prices…...
Thyssenkrupp, Jindal call off steel sale talks after months of negotiations
4+ mon, 1+ week ago (305+ words) Thyssenkrupp has paused talks with India's Jindal Steel International about a possible sale of the German industrial group's steel unit, it said on Saturday, marking a setback for CEO Miguel Lopez's restructuring efforts. Lopez has made major progress in recent…...
Trump to reduce steel, aluminum tariff rates for derivative products, sources say
5+ mon, 1+ week ago (304+ words) The Trump administration plans to reshape its steel and aluminum tariff regime, keeping a 50 per cent tariff for commodity steel and aluminum imports while reducing duties on derivative products made from the metals to 15 per cent or 25 per cent, depending…...
Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs, sources say
5+ mon, 2+ week ago (199+ words) Discussions of a possible sale of Thyssenkrupp's steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments and energy costs, four people familiar with the matter said. While talks over a sale of…...
Tata Steel, JSW Steel, Jindal Steel, SAIL: What’s Ahead For India’s Steel Sector?
7+ mon, 2+ week ago (366+ words) As we step into a new year with the stocks poised strongly at the late end of the upcycle, we highlight the crucial condition which can support or disrupt the continued growth of these stocks. Government capital expenditure (capex) and…...
EU ‘fully prepared’ to hit back over Trump’s Greenland tariffs
7+ mon, 3+ week ago (468+ words) The European Union is ready to strike back at Donald Trump over his tariff threats as he seeks to take Greenland, European Commission President Ursula von der Leyen said, toughening her rhetoric against the US president. “We are at a…...
Excess supply putting pressure on steel prices: Tata Steel’s Narendran
9+ mon, 3+ week ago (172+ words) Tata Steel has managed to beat the street expectations by posting better than expected numbers. Besides, higher volumes and better prices, the company has managed to cut cost across geographies. TV Narendran, Managing Director and Koushik Chatterjee, Executive Director & Chief…...