Steel

Usha Martin Limited, the speciality wire rope and steel manufacturer, has reported a net profit of Rs.32.03 crore for Q1 of 2009-2010 which is almost 50% of the Rs.65.08 crore for the corresponding period last year.
 
"On consolidated basis, profit is down by almost 60% as our wire rod ...

Tata Steel, one of the world's leading steel companies, on Monday raised $500 million on the London Stock Exchange, which is the largest ever Indian Global Depository Receipt (GDR) offering in London. ...

The public steel manufacturer, Steel Authority of India (SAIL), has plans to reduce its workforce due to which about 20,000 will be laid off by 2012-end.
 
"SAIL has been rationalising its manpower on an ongoing basis. It is being done through normal superannuation of employees on ...

The World Steel Association (worldsteel) has elected Lakshmi Niwas Mittal as its chairman on October 6, 2008. This decision was taken by the board of directors of Worldsteel at a meeting held in Washington. Mittal will serve as the Chairman of Worldsteel for a period of one year.  Besides ...

ArcelorMittal which accounts for about ten percent of the world’s steel output has a new Chairman now. Lakshmi Mittal, the former Chief Executive Officer (CEO) of ArcelorMittal has been instated as the Chairman of the company. The new position will give Mittal more powers over the company. ...