Search Result for : Steel Manufacturers

The Dollar Business Bureau India would become the world’s second biggest steel manufacturer by 2016-end, Steel Minister Birender Singh said. China is currently the world’s largest steel manufacturing country, followed by Japan. It produces five times more steel than India. "At present, about six lakh tonnes of steel is manufactured in old factories and private plants across India. Steel industry accounts for just two per cent share in the Gross Domestic Product (GDP) of the country and efforts are being made to increase it," he said. He said the government is planning to set up a new steel manufacturing plant with one million tonne capacity, and the steel manufactured here will be exported. Singh also emphasised the need to bridge education gap ...

The Dollar Business Bureau Chinese steel major Ansteel has expressed its interest to set up a steel plant with an investment of Rs.3000 crore in Andhra Pradesh.  Andhra Pradesh Chief Minister N Chandra Babu Naidu, who is on a four-day visit to China, held a bilateral meeting on his first day with the Secretary and President of Ansteel, and officials of other companies in Tianjin.  Naidu also invited them for a state visit and asked them to select a suitable location for the proposed steel plant.  “Since India is growing very rapidly, there will be a lot of demand for steel in the country and Ansteel group can explore a partnership with either private or public steel enterprises,” said the chief minister. He indicated that ...

Deepak Kumar | The Dollar Business Steel industry has welcomed the government’s recommendation to impose a 20% safeguard duty for a period of 200 days on certain steel products to check a surge in low-priced steel imports.   “The investigation by DG Safeguards has finally brought a point that serious injury has been caused (to) Indian steel industry due to surge in steel imports from various countries. Indian steel industry which has invested over 5 lakh crores needs to assured of fair competition practices,” Essar Steel’s Chief Commercial Officer H Shivramkrishnan told The Dollar Business. The government carried out an investigation after India’s steel makers Steel Authority of India, Essar Steel and JSW Steel filed an application recommending a safeguard duty on steel ...