Monnet Ispat first stressed firm to get bids

JSW Steel is learnt to have submitted its resolution plan along with AION Capital Monnet Ispat & Energy has become the first stressed company to get resolution plans from prospective bidders. It......

Tough times ahead for India's steel producers

Traders blame demonetisation for subdued demand in retail segment It is going to be tough for domestic steel companies to maintain their toplines in coming quarters. With local demand for the......

Welspun puts steel project in Maharashtra on hold

Welspun Maxsteel, wholly owned subsidiary of the $3-billion Welspun Group, has kept its proposed steel factory plan in Maharashtra on hold due to the shortage of raw material and energy. The delay......

Steelmakers look downstream for higher margins

For so long Indian steelmakers, primarily, have been producing the low grade and raw steel and settled for lower margins, not any more. With a stable 8-10 percent rise in steel demand per year, and......