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STEEL INDUSTRYSTEEL INDUSTRY

Source: http://economictimes.indiatimes.com



JanuaryJanuary

TATA Steel accords priority to completion ofTATA Steel accords priority to completion ofprojects.projects.

Indian steel industry for upward revision in importIndian steel industry for upward revision in import

duty.duty. TATA Steel apprentice turns giant killer.TATA Steel apprentice turns giant killer.

BHUSHAN Steel acquires 9.5% stake in OrissaBHUSHAN Steel acquires 9.5% stake in OrissaSponge Iron & Steel.Sponge Iron & Steel.

TATASteel quarter 3 net profit down 56% on low

TATASteel quarter 3 net profit down 56% on lowvolumes.volumes.

Higher costs hit SAIL margins.Higher costs hit SAIL margins.



FebruaryFebruary

BHUSHAN steel prices Orissa Sponge open offer atBHUSHAN steel prices Orissa Sponge open offer atRs.300/share.Rs.300/share.

JSW Steel to negotiate lower cooking coal price inJSW Steel to negotiate lower cooking coal price in

financial year 2010.financial year 2010. TATA SteelTATA Steel --Corus unlikely to restart idle capacity.Corus unlikely to restart idle capacity.

BHUSHAN Power & Steel may hike its offer price inBHUSHAN Power & Steel may hike its offer price inOrissa Sponge.Orissa Sponge.



MarchMarch

TATA·s may offload stake to raise $100 million.TATA·s may offload stake to raise $100 million.

JSW Steel bags Golden Peacock for CSR initiatives.JSW Steel bags Golden Peacock for CSR initiatives.

TATA Steel·s sales jump 47%.TATA Steel·s sales jump 47%.

Steel prices to remain weak, output to grow bySteel prices to remain weak, output to grow by6.5% in 20096.5% in 2009--10.10.

ESSAR Steel sets up processing facility in Chennai·sESSAR Steel sets up processing facility in Chennai·sauto belt.auto belt.

SAIL to produce 12 million tonnes saleable steel inSAIL to produce 12 million tonnes saleable steel in20092009--10.10.



AprilApril

SAIL likely to produce 12 million tonnes steel nextSAIL likely to produce 12 million tonnes steel nextyear.year.

Special duty likely for CR stainless steel.Special duty likely for CR stainless steel.

Arcelor Mittal embraces cost cutting to navigateArcelor Mittal embraces cost cutting to navigatecrisis.crisis.

Arcelor Mittal rises $4 billion through publicArcelor Mittal rises $4 billion through publicofferings.offerings.

JSW steel to invest 3,000 Crores in India projects inJSW steel to invest 3,000 Crores in India projects infinancial year 2010.financial year 2010.

World steel production down 24%.World steel production down 24%.



MayMay

TATA Steel may accept a Liberian government·sTATA Steel may accept a Liberian government·sinvitation and reinvitation and re--bid for a $1.6bid for a $1.6--billion iron orebillion iron oremine.mine.

TATASteel, part of India's diversified

TATAgroup,

TATASteel, part of India's diversified

TATAgroup,is raising Rs.5 billion ($101 million) through theis raising Rs.5 billion ($101 million) through the

sale of bonds.sale of bonds.

Riding high on robust demand from auto andRiding high on robust demand from auto andconstruction sectors, TATA Steel expects its salesconstruction sectors, TATA Steel expects its sales

volume from Indian operations to surge by 25 pervolume from Indian operations to surge by 25 percent in the current fiscal.cent in the current fiscal.



JuneJune

Nirmal Bang has advised traders to buy TATA SteelNirmal Bang has advised traders to buy TATA Steelon dip with a stop loss of Rs 410.on dip with a stop loss of Rs 410.

India's TATA Steel raised prices for hotIndia's TATA Steel raised prices for hot--rolled androlled and

coldcold--rolled coils by up to 2 per cent across somerolled coils by up to 2 per cent across someregions in the Country.regions in the Country.

Prices have been raised by 500 rupees ($10.4) toPrices have been raised by 500 rupees ($10.4) to750 rupees per tonnes, based on market conditions.750 rupees per tonnes, based on market conditions.



JulyJuly

TATA Steel sales volume surged by 22 per cent to 1.4TATA Steel sales volume surged by 22 per cent to 1.4million tonnes in the first quarter.million tonnes in the first quarter.

TATA Steel aim to raise up to $925 million (aboutTATA Steel aim to raise up to $925 million (aboutRs.4,440 Crores at current exchange rates) by sellingRs.4,440 Crores at current exchange rates) by selling

shares to international investors.shares to international investors. India·s largest copper producer STERLITE IndustriesIndia·s largest copper producer STERLITE Industries

collected $1.5 billion (about Rs.7,200 Crores) from salecollected $1.5 billion (about Rs.7,200 Crores) from saleof shares in the US.of shares in the US.

TATA Steel has raised $500 million through globalTATA Steel has raised $500 million through globaldepository receipts (GDR·s) that will be listed ondepository receipts (GDR·s) that will be listed onLondon Stock Exchange. The companyLondon Stock Exchange. The company



August August

TATA Steel is in talks with Toyota to supply highTATA Steel is in talks with Toyota to supply high--grade steel skin panels for the car maker'sgrade steel skin panels for the car maker'sproposed small car project.proposed small car project.

Sales rose 18 per cent to 478,000 tonnes for TATA Sales rose 18 per cent to 478,000 tonnes for TATA Steel.Steel.

TATA Steel is scouting for cooking coal and iron oreTATA Steel is scouting for cooking coal and iron oremines abroad, including in Brazil and Australia, tomines abroad, including in Brazil and Australia, to

ensure raw material security for its Europeanensure raw material security for its Europeanoperations .operations .



September September

Steel prices under Chinese pressure.Steel prices under Chinese pressure.

TATA Steel to start work at Orissa Project byTATA Steel to start work at Orissa Project byDecember.December.

Steel Ministry to focus on expansion &Steel Ministry to focus on expansion &modernization.modernization.

TATA Steel sales jump 25 pc in August.TATA Steel sales jump 25 pc in August.

TATA extends affordable housing schemes to twoTATA extends affordable housing schemes to two

bedroom segments.bedroom segments.



For Mittal, deal with MTN was a highFor Mittal, deal with MTN was a high--stake game.stake game.

TATA Steel team up with Orissa informationTATA Steel team up with Orissa informationcommission on RTI awareness.commission on RTI awareness.

TATA steel to spend Rs.2000 Crores on environmentTATA steel to spend Rs.2000 Crores on environmentin Chattisgarh.in Chattisgarh.

Steel companies seek duty wall to stop ChineseSteel companies seek duty wall to stop Chineseimport surge.import surge.

JIN

DA

L Steel Q2 net up 6.04 pc to Rs.808.36JIN

DA

L Steel Q2 net up 6.04 pc to Rs.808.36Crores.Crores.

October October



Arcelor Mittal vows to shut European Plants.Arcelor Mittal vows to shut European Plants.

Arcelor Mittal to invest $5 in new Steel in Brazil.Arcelor Mittal to invest $5 in new Steel in Brazil.

TATA Steel partners NML, to invest 300 millionTATA Steel partners NML, to invest 300 million

Canadian dollar.Canadian dollar. TATA Steel looks to cut FCCB repayment cost.TATA Steel looks to cut FCCB repayment cost.

JINDAL Steel unit to set up 1600 MW Power Plant.JINDAL Steel unit to set up 1600 MW Power Plant.

Arcelor Mittal to set up Steel Plant in Karnataka.Arcelor Mittal to set up Steel Plant in Karnataka.

November November



Finished Steel Company may revive India plans.Finished Steel Company may revive India plans.

Steel prices would go up from January end.Steel prices would go up from January end.

TATA steel to cut CO2 emissions by 2012.TATA steel to cut CO2 emissions by 2012.

Steel Czar Mittal to show metal in London games.Steel Czar Mittal to show metal in London games.

Steel companies to raise prices by 3Steel companies to raise prices by 3--4%, 24%, 2ndnd hike inhike ina month.a month.

December December

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