India

Tata Steel’s Canadian Joint Venture Acquires Howse Iron Ore Deposit

  NDTV – Tata Steel today said its joint venture Tata Steel Minerals Canada has acquired the remaining 49 per cent stake in the Howse iron ore deposit in Canada for close to Rs 25 crore. Tata Steel Minerals Canada Limited (TSMC), through its subsidiary Howse Minerals Limited today acquired the ...

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India: Mesco Steel, Posco in pact to set up finex furnace in Odisha

EconomicTimes – India's Mesco Steel has signed an initial agreement with Posco to set up a plant that would use the South Korean steelmaker's finexBSE 0.00 % technology to make steel.  The plant would come up at Mesco's facility at Jajpur in Odisha. This will help the local company venture ...

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India: Iron ore, bauxite mines to be allocated through auction: Government

EconomicTimes – Mines of as many as 10 minerals including iron ore and bauxite will be auctioned for the first time under simplified and transparent rules to attract investment in the sector, Mines Minister Narendra Singh Tomar said today.  With Parliament approving the Mines and Minerals (Development and Regulation) Amendment ...

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India: Steel sector seeks government action on cheap Chinese imports

EconomicTimes – Tata Steel said the Indian steel industry is seeking support from the government to face the challenge posed by import of steel from China and ther countries at much lower prices.  "Indian steel industry is struggling because a lot of cheap imports are coming in, including from China, ...

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India seeks anti-dumping tax on some stainless steel imports

Business-Standard – After months of investigation, the directorate general for anti–dumping & allied duties has recommended the Union ministry of commerce levy an anti–dumping duty on hot rolled flat stainless steel import from China, Malaysia and Korea. It has recommended a levy of $309 a tonne of duty on Chinese ...

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India : Govt hikes import duty on steel to protect domestic firms

Business Standard – To protect homegrown companies from rising steel imports, government today increased the basic customs duty on the metal to 15 per cent. The government also cut the special additional duty on metal scrap from 4 per cent to 2 per cent in the Budget for 2015-16. “Tariff ...

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