Mismanagement by state-run energy firms cost India Rs 169 crore: CAG

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In a report tabled in the parliament, the Comptroller and Auditor General (CAG) noted that BHEL suffered a loss of 3.83 million euros (Rs 28.35 crore) as Turkey-based Electrik Uretim AS Genel Mudurlugu (EUAS) encashed BHEL’s performance bank guarantee after the state-run firm failed to submit the requisite documents on time. EUAS also terminated BHEL’s […]

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India’s crude steel output rises by 0.9% to 9 million tonnes in October 2020: Worldsteel

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India’s crude steel output increased marginally by 0.9 per cent to 9.058 million tonnes in October 2020, according to World Steel Association (worldsteel). The country had produced 8.981 million tonnes crude steel during the same month last year, the global industry body said in its latest report. “Crude steel production for the 64 countries reporting […]

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As India bans export of onions, Bangladesh issues over 200 import permits for 88,000 tonnes of onions

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Bangladesh importers have been eagerly waiting for onion consignments to get cleared from Chittagong port, a day after the Indian government allowed pre-contracted onions to enter the markets. According to the Chittagong Plant Quarantine Station, more than 200 import permits (IPs) were issued for 88,045 tonnes of onions from September 3 to 17. Of them, 3,320 tonnes are from the […]

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Trading of steel almost stops in several emerging markets, particularly in India and South Africa

Steel trading is temporarily suspended in India and South Africa, due to government measures to contain the spread of coronavirus. Business confidence is deteriorating all over. Exporters are focused on developing new business opportunities in the Middle East and Asia. Steel trading is also suspended in South Africa. Traders and service centres are questioning the […]

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February 2020 crude steel production showed a 2.8 per cent increase over February 2019: Worldsteel

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes in February 2020, a 2.8 per cent increase compared to February 2019. China’s crude steel production for February 2020 was 74.8 million tonnes, an increase of 5.0 per cent compared to February 2019*. India produced 9.6 million […]

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