Demand from China fuel stainless steel tags

Stainless steel prices have shot up sharply over the last few weeks owing to surging input prices coupled with strong demand, especially in China.For instance, prices of stainless steel grade 304......

Steel industry flags price pressure from cheap imports

Ahead of the key meeting called by the steel ministry with the industry captains on Monday to discuss the impact of rising steel imports, companies have raised the issue of cheaper......

Jindal buys steel plant in Indonesia

Steel major Jindal Stainless on Tuesday announced the acquisition of a cold rolling plant in Indonesia for a consideration of $32 million [about Rs 150 crore (Rs 1,500 million)]."We have signed an......

Jindal weighs SE Asia steel plant buyout

Jindal Stainless is looking at acquiring a stainless steel plant in South East Asia. Jindal sources said the downstream rolling plants were typically mid-sized with a capacity of one lakh tonne to......