Post Tagged with: "Steel"

ArcelorMittal plans to shut South Africa plant, 900 workers to lose jobs

ArcelorMittal plans to shut South Africa plant, 900 workers to lose jobs

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Scores of workers in picketed at steel giant ArcelorMittal's plant in the town of Saldanha on Thursday demanding a halt in plans to close the operation which would see 900 jobs lost. ArcelorMittal announced early this month that it would wind down the plant, 175 kilometres (110 miles) north of Cape Town, because it was no longer viable […]

by November 22, 2019
Going for more professionalism in PSUs via equity dilution: Pradhan

Going for more professionalism in PSUs via equity dilution: Pradhan

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} State-run companies need to be more accountable to the people of the country and the government has taken the decision to dilute equity stake for making them more professional, Union minister said on Thursday The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select […]

by November 21, 2019
Competition Commission accepts Laptev‘s acquisition of Welspun Corp arm

Competition Commission accepts Laptev‘s acquisition of Welspun Corp arm

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd. Laptev is in the business of buying, selling, reselling, exporting, importing and trading all kinds of goods, including steel goods, while Welspun's core business is of manufacturing welded tubes and pipes of all sizes […]

by November 19, 2019
India exported 6.39 MT steel in 2018-19, down 34% from last year

India exported 6.39 MT steel in 2018-19, down 34% from last year

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} India's finished dipped 33.9 per cent to 6.36 million tonne (MT) in 2018-19, amid the government's efforts to keep the country as the net exporter of the metal. The country produced 110.92 MT of crude during the same year, a rise of 7.6 per cent as against 103.13 MT in 2017-18, Minister of said while replying to a […]

by November 18, 2019