A financing deal was recently struck between steel tycoon Sanjeev Gupta’s GFG Alliance with international banks for the purchase of Rio Tinto’s Dunkerque aluminum smelter in France, one of Europe’s largest smelters. The Liberty House Group is a part of the GFG Alliance. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Sohrab Darabshaw
Tata Steel Aims to Unify Brand Ahead of Long-Term Capacity Goals
Much is happening at Tata Steel. To begin with, the Indian steel conglomerate announced it was looking at increasing its installed capacity from the present 18.5 million tons (MT) per annum to 30 MT by 2025. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the near term, Tata wants […]
First Indian Steel Conclave Touts Indian Steel Sector’s Progress
It was the first edition of its kind, but it attracted quite an audience. The International Steel Conclave, organized by the Indian Steel Association and Messe Frankfurt India, was held in the Indian capital of New Delhi on Oct. 25. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Using the […]
India’s Gold Buying Season Not Looking as Shiny
Festival season in India normally means one thing: a rush to buy gold. Outside of China, India sees the most amount of gold buying when Indians are, well, happy or enjoying a moment — be it a party, a wedding or a festival. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
India’s Coal Shortage Drags On
This story of India’s coal shortage refuses to die down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For some years now, many parts of the country have been facing power cuts. Why? Because of a shortage of coal, which becomes even more acute in the monsoon season (which is […]
Demands Coming From All Quarters to Restart Mining of Iron Ore in Goa
The Indian province of Goa, known world over for tourism, was once also a well-known destination on India’s mining map. But legal, environmental and political issues ensured the stoppage of mining operations there in 2012. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Though operations did resume to a degree […]
India Takes Cautious Approach in a Time of Tariffs
By now, much has been written on U.S. trade tariffs, the latest being the 10% tariff on Chinese imports amounting to a value of $200 billion. While almost all the countries against whom the U.S. has imposed tariffs have chosen to retaliate and go in for a tit-for-tat policy, India, curiously, has decided to be […]
Moody’s Paints Bullish Picture of Indian Steel Sector
Moody’s Investors Service has said India will be the brightest spot for the steel sector over the next 12-18 months, according to a report by the Hindu Business Line. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Moody’s pointed out that India’s steel consumption was rising at least 5.5%-6% every […]
Indian Exporters of Rare Earths Protest Government’s Export Prohibition
Rare earth exporters in India have lodged protests after the government snatched their rights to send these precious elements abroad. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rare-earth metals are a group of 17 elements, which are found in geological deposits. Some of the most abundant metals in the world […]
Vedanta Plans Multibillion-Dollar Investment in Oil, Energy Businesses
The Anil Agarwal-led Vedanta Ltd. may have faced a blow when one of its operations in India was shut down earlier this year, but that is not stopping it from investing more money in the country. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Navin Agarwal, chairman of the company, has […]
