Swiss major IMR Metallurgical Resources-AG has proposed to set up a steel plant in Kadapa district of Andhra Pradesh at an investment of over Rs 12,000 crore and an annual production capacity of 10 million tonnes.

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of February totaled 1,823,000 net tons (NT)*.

State-owned SAIL has supplied special grade steel plates produced at its Bhilai unit for the country's first human space mission programme -- Gaganyaan, a company official has said.

The novel coronavirus epidemic will boost the expansion of the 5G network in the country, as the central authorities recently called for accelerated construction of the 5G network.

China's steel sector slowed down in February as market demand weakened amid the outbreak of the novel coronavirus, a report from the China Federation of Logistics and Purchasing (CFLP) showed.

ArcelorMittal in its Annual Report for 2019 said that “The Resolution Plan also includes a capital expenditure plan of INR 18.697 crore to be implemented in two stages over six years.

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

Swiss commodity trading group IMR Metallurgical Resources has proposed to set up a major steel plant in YSR Kadapa district in Andhra Pradesh by investing more than INR 12,000 crore.