Key Asian indices are trading in the red as concern over a global trade war resurfaced after the US said it would slap tariffs on extra $200 bn worth of Chinese imports.
Trump has welcomed the JSW Steel's proposed USD 1 billion investment in its Texas and Ohio steel mills, the company said quoting a tweet by the American president.
JSW said it will invest up to USD 500 million to acquire, upgrade and enhance US-based integrated steel manufacturing unit Acero Junction Inc in phases.
JSW Steel today said its crude steel output grew 3 percent to 13.99 lakh tonne (LT) during May 2018.
Sajjan Jindal-led JSW Steel today said the company has decided to invest an additional Rs 17,600 crore for increasing its steel capacity to 24.7 million tonne per annum (mtpa) by 2020.
Sajjan Jindal-led JSW Steel today reported about three-fold jump in its consolidated net profit to Rs 2,879 crore for the fourth quarter ended March 31.
JSW Steel today said the Competition Commission of India has approved bid by a consortium led by it to acquire bankrupt Monnet Ispat and Energy Ltd (MIEL) in an insolvency auction.
Domestic steel giant JSW Steel today reported six percent growth in crude steel production at 13.61 lakh tonne during April 2018.
India’s JSW Steel Ltd said it agreed to buy Acero Junction Holdings for $80.85 million, as it looks to expand its operations in the United States.
India’s Tata Steel Ltd said it had been selected as the successful resolution applicant for buying debt-laden Bhushan Steel Ltd.