Tata Steel, which has embarked on a Rs 15,000-crore project to expand its Jamshedpur plant, has no plans to shelve its proposed Rs 40,000-crore project from Jharkhand

KOLKATA: Steel demand will grow by around 12 per cent if the economy grows by 8 per cent, Tata Steel Managing Director H. M. Nerurkar said, even as he admitted that prices of raw materials were posing a challenge.

Tata Steel is to form a committee to undertake a social audit of its Kalinganagar project in Orissa, in a bid to counter allegations on the negative impact of industrialisation.

Corus, the European arm of Tata Steel, is to face a cost push of $140-150 a tonne on account of surging raw material prices.

H M Nerurkar, managing director of Tata Steel, said coking coal prices had increased by $125 to around $220 a tonne, while iron ore increased from $65 to $110 a tonne. Corus accounts for about two-thirds of the group

Expressing serious concern that in the absence of any regulatory legal mechanism, very few Memoranda of Understanding (MoUs) signed by steel companies with mineral-rich states were translating on the ground, the high-level Inter-Ministerial Group has pitched for

The Orissa government's crackdown on illegal mines has virtually cut off iron ore supplies to a number of steel units not only in the state but also in neighbouring West Bengal and Chhattisgarh. On Wednesday, the Centre announced that a meeting involving these states will be held this month itself to evolve a mechanism to curb illegal mining.

Stung by the holding up of large steel and iron ore projects by the states and various central agencies, the Union steel ministry has proposed the creation of an empowered national regulator that can single-handedly decide on these projects

KG Narendranath

New Delhi: Stung by the holding up of large steel and iron ore projects by the states and various central agencies, the Union steel ministry has proposed the creation of an empowered national regulator that can single-handedly decide on these projects

Ranchi, April 5: ArcelorMittal has been granted another iron ore mining lease in Jharkhand where the company has proposed to invest over Rs 40,000 crore for setting up a Greenfield steel project.