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'Posco, Severstal cannot have majority stake in proposed JVs'

Last Updated: Tuesday, September 25, 2012, 18:03

The Steel Ministry on Tuesday said Posco and Severstal cannot have majority stakes in their proposed joint ventures with state-run SAIL and NMDC respectively, envisaging a total ivestment of Rs 36,000 crore.

SteelMin to hold talks with Odisha to expedite Posco project

Last Updated: Sunday, September 23, 2012, 14:47

The Steel Ministry Sunday said it will hold talks with the Odisha government for expediting South Korean major Posco's USD 12 billion steel project in the state.

BJP tarnishing my image by false allegations: Virbhadra

Last Updated: Thursday, September 13, 2012, 22:36

The Dhumal government had attacked Virbhadra over his alleged involvement in irregularities in the steel ministry.

No change in import duty on manganese ore: SteelMin

Last Updated: Sunday, August 12, 2012, 21:16

The Steel Ministry has quashed manganese alloy industry's plea for abolishing the import duty of 2.5 percent on manganese ore, according to sources.

After shunted out as DGCA, Bharat Bhushan shifted to Steel Ministry

Last Updated: Saturday, July 14, 2012, 00:30

E K Bharat Bhushan, who was abruptly shunted out as the Director General of Civil Aviation recently, is being shifted to the Steel Ministry, official sources said on Friday.

RINL approaches Steel Ministry to defer Rs 2500 cr IPO

Last Updated: Sunday, June 24, 2012, 12:01

Rashtriya Ispat Nigam (RINL) has sought deferment of the government's Rs 2,500 crore share sale, saying the employee morale was low after the devastating fire at the company's Vizag plant that claimed 19 lives.

Steel Min prescribes mammoth increase on R&D spendings

Last Updated: Thursday, February 2, 2012, 18:49

The Steel Ministry is finalising a policy that prescribes domestic steel manufacturers to step up their investment on research and development to 2 percent of the turnover by 2020.

New National Steel Policy by end of current fiscal

Last Updated: Tuesday, January 17, 2012, 19:49

An updated National Steel Policy has been necessitated by the changed dynamics of the sector.

ArcelorMittal serious about India investment

Last Updated: Tuesday, November 29, 2011, 16:53

The world's leading integrated steel and mining company, ArcelorMittal has been serious to set up steel mills in India, Dalip Singh, Joint Secretary in Steel ministry said.

Transformer industry fears crisis due to raw material shortage

Last Updated: Sunday, November 27, 2011, 14:18

The Rs 16,000-crore electrical transformer industry has warned that the sector may be hit due to an expected serious supply gap of a vital raw material called CRGO steel, as its sole domestic producer SAIL is not ready to produce it.

Slowing economy will affect Iron Ore exports: Steel Ministry

Last Updated: Thursday, November 17, 2011, 14:22

In a bleak outlook, a senior Ministry of Steel official Thursday said the Iron Ore exports would be under pressure and the overall growth of the industry may be affected owing to global competition and prevailing market forces in the next five years.

Steel ministry wants 30 pc duty on iron ore exports

Last Updated: Sunday, September 18, 2011, 14:26

The steel ministry will soon write to the finance ministry demanding to hike export duty on iron ore to 30 percent from the current 20 per cent, a move to ensure that there is no shortage of the raw material for the domestic steel makers in the long-run.