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...positive future for steel production....
...JSW Steel swung to an unexpected net loss in its September quarter before recovering the following quarter, underscoring its exposure to both commodity price turbulence and shifting steel demand....
...At the JSW site in Pulwama, steel girders marked the plant where workers will coat steel for roofing materials, in brisk demand as construction accelerates....
...British steel traders have warned that Tata Steel UK, which won £500mn in government aid, risks distorting the domestic market in a key steel product by hoovering up a trade quota for lower-cost imports....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...JSW said it aimed to bring down the cost of MG’s EVs by supplying its own steel, in addition to batteries, and carrying out more research and development in India....
...They refuse to pick up the phone, they refuse to reply to the mails,” he said, adding that Gupta’s Liberty Steel group recently bought the Dunaferr steel mill in Hungary while debts to suppliers have remained...
...The steelworks’ chimneys are in view of the Art Labs, which are funded by the JSW Foundation created by the Jindal steel family....
...The ports company raised Rs28bn ($337mn) through its share sale, the first initial public offering in a decade for JSW Group, the steel and infrastructure conglomerate....
...Volume growth for JSW and Adani was 9 per cent and 12 per cent respectively in the latest quarter to June. Falling steel prices, at a two-year low, are probably a factor in the former’s slower growth....
...Shares in JSW Steel were down 1.4 per cent, the first day of trading since the allegations were made public this weekend....
...The ports company raised Rs28bn ($337mn) through the first initial public offering in a decade for JSW Group, the steel and infrastructure conglomerate....
...“Other EU countries are transitioning their steel industries while retaining and growing their capacity because they know steel has a bright future — a tenfold increase in demand is predicted in the coming...
...Last September, the government agreed a £500mn grant with Tata Steel to help it switch to greener forms of steelmaking....
...’s steel industry....
...“Port Talbot is known as a steel village — it’s the steel town,” added Gutteridge, whose family have worked in steel making for three generations. “This is where people have the passion for this....
...Canada’s Teck Resources said the sale of its steelmaking coal arm is proceeding as planned despite doubts over the reported bid of Indian group JSW Steel after plunging relations between Ottawa and New Delhi...
...Steel production in the UK has fallen from 24mn tonnes in 1971 to about 6mn tonnes today. The sector employs just under 40,000, according to trade body UK Steel....
...In March, Sajjan Jindal, chair of India’s largest steel producer JSW, told the Financial Times that the conglomerate plans to invest $5bn by 2030 to manufacture and sell MG-branded EVs in India, in a joint...
...Capitalism reins in the sale of US Steel In August, Cleveland-Cliffs wrapped its unsolicited bid for US Steel in an American flag....
...Unions fear up to 2,000 jobs are at risk at British Steel. Tata Steel will invest about £750mn in its UK operations as part of the deal with the government....
...“The plans that British Steel has announced, combined with Tata Steel’s plans, would leave the UK unable to make steel from raw materials and dangerously exposed to international markets,” he added....
...It mirrors a similar announcement last year by British Steel, which will close its last blast furnaces by 2025, leaving the UK as the only major economy without the ability to make primary steel using iron...
...Britain’s steel industry is one of the most difficult and expensive to decarbonise. Tata Steel and British Steel are also facing rising costs and cheaper competition from countries such as China....
...Industrial groups such as JSW, which makes steel, power and cement, are themselves among India’s largest polluters....
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