Essar Steel buys out Stemcor

Essar Steel has bought out Stemcor of the UK from two companies -- Hy-Grade Pellets and Steel Corporation of Gujarat -- for $ 450 million (around Rs 1,950 crore).The acquisition will make Essar......

UK's Stemcor in talks with Indian firms to sell its iron asset

UK's Stemcor, the world's largest independent steel trading company, is in talks with Indian steelmakers including Jindal Steel and Power, about the sale of its iron processing assets in the Indian......

Tata Steel to bid for Indian iron ore assets of Stemcor

Tata Steel would make a bid for buying the Indian iron ore assets of one of Britain's largest independent steel trading companies Stemcor. "Yes, we will make our bid," said Tata Steel Managing......

India's longest slurry pipeline works to take off

Hy-grade Pellets Ltd, a joint venture corporation of Essar group and Stemcor, a steel trading group based in the United Kingdom, is all set to start the construction of India's longest slurry......