JSW Steel Italy SrL, a subsidiary of JSW Steel Limited, has entered into a landmark commercial agreement with Metinvest Adria S.p.A. This partnership marks a significant milestone in the company’s collaborative efforts with the Italian Ministry of Industries and Made in Italy (MIMIT). The agreement builds upon a memorandum of understanding (MoU) signed in March […]
United States Steel Corporation has secured a decisive victory over a challenge brought by the United Steelworkers union regarding its planned $14.1 billion acquisition by Japan’s Nippon Steel Corporation. The arbitration ruling on 25th September 2024 has given the green light for the deal to proceed, confirming that Nippon Steel’s commitments to maintain labour agreements, […]
United States Steel Corporation’s stock experienced a notable surge as Nippon Steel Corporation announced a commitment of $1.3 billion for upgrading U.S. Steel plants in Pennsylvania and Indiana. This investment is part of Nippon Steel’s broader strategy to strengthen its position within the U.S. steel market, where it sees significant growth potential amid declining demand […]
Tata Steel Limited has announced its consolidated financial results for the financial year ended March 31, 2024, showcasing a solid performance with consolidated revenues reaching ₹2,29,171 crores. The EBITDA for the year stood impressively at ₹23,402 crores, driven largely by robust operations in India. The company reported an EBITDA margin of approximately 11% for the […]
Vesuvius, a prominent leader in the refractory industry, has inaugurated its new Mould Flux manufacturing plant in Visakhapatnam, marking a significant milestone in the company’s expansion in India. The new facility is designed to meet the growing demand for flux, which plays a crucial role in the continuous casting process of steel plants. During the […]
In a significant development within the UK’s steel industry, Tata Steel UK has announced the cessation of operations at its Morfa Coke Ovens in Port Talbot, effective from Wednesday, 20 March. This decision, as disclosed by CEO Rajesh Nair, stems from a prolonged period of operational instability and the deteriorating condition of the coke ovens, […]
Tata Steel, one of the global leaders in the steel industry, has recently released its production and delivery volumes for the third quarter of fiscal year 2024 (3QFY24). These figures, which are still provisional, provide critical insights into the company’s performance across its various international operations. In 3QFY24, Tata Steel India continued its upward trajectory, […]