Tag «Steel Sector»

Government and innovators come together to unlock potential in the steel sector

Leaders and innovators from across the manufacturing sector will join Business Minister, Richard Harrington MP at the Science Museum tomorrow for the UK Steel Innovation Day. Featuring a keynote speech from Robert Stacey; Commercial Director of the Heathrow Expansion Programme and chaired by Chris McDonald; CEO of the Materials Processing Institute, the event will showcase …

Way Forward for Steel: thyssenkrupp and IG Metall reach negotiated settlement on planned joint venture in steel sector

– thyssenkrupp agrees with employee representatives on conclusion of a collective agreement – Collective agreement contains assurances on site and employment continuation and investment – Agreement enables thyssenkrupp to implement its strategic and operational goals for the joint venture – IG Metall collective bargaining committee recommends acceptance – CHRO Oliver Burkhard: “We have worked out …

European Parliament demands technically and economically feasible climate and energy targets for Europe’s steelmakers

Steel sector severely hit by the economic crisis and high energy prices and costs in the EU, with 15% of its workforce lost since 2008 Today, the European Parliament adopted with a huge majority a resolution on the EU’s Action Plan for a Competitive and Sustainable Steel Industry in Europe (adopted with 505 against 95 …

Foreign Collaboration in Steel Sector

The details of Memorandum of Understandings (MoUs) signed by Steel Authority of India Limited and NMDC Limited with foreign companies for setting up joint venture in the steel sector are given below: S.No. Name of the Indian Company  Name of the Foreign Company Date of signing ofMoU. Details ofMoU/Present Status Likely benefits. 1. Steel Authority of India …

Trends and Developments in Steel Sector

Steel Sector Trends India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or …

Investment in Steel Sector

The Minister of Steel, Shri Beni Prasad Verma has said that Steel is a deregulated sector.  The role of Government is that of a facilitator.  The Government promotes /encourages growth of steel industry through suitable policy measures based on its assessment of industry performance.  As far as the setting up of steel investment projects is concerned, the size …