news topics: metals & mining

Mumbai, 14 October 2016: Essar Steel India Limited (EStIL) has recorded a 58% quarter-on-quarter growth in flat steel production in the second quarter ended September 30, 2016. The total production stood at 1.34 million tonnes, compared to 0.85 million tonnes in the corresponding period last year. Pellet production also grew by 89% to 2.43 million […]

Hazira, 27 July 2016: Essar Steel India has made significant performance improvements in the quarter ended 30 June 2016 on the back of robust production growth. The gross revenues of Rs 4,482 crore in the quarter saw a 12% jump when compared to the revenue of Rs 4,006 crore clocked in the corresponding quarter in FY2015-16. […]

Industry veteran will oversee efforts to complete state-of-the-art plant in Minnesota Hibbing, Minnesota: Essar Steel Minnesota LLC (ESML) announced today that it has named Matthew Stock as its new CEO, effective immediately. Mr. Stock, who has over 25 years of experience in the metals and mining business, has led efforts to build and complete several iron […]

Mumbai, 04 July 2016: Essar Steel India Limited (EStIL) has recorded a significant 48% quarter-on-quarter growth in flat steel production in the first quarter of the current fiscal. The total production stood at 1.22 million tonnes, compared to 0.824 million tonnes in the corresponding period last year. Pellet production also grew by 58% to 2.02 […]

Mumbai, 29th June 2016: The Essar Steel Pune Facility (ESPF), a manufacturing unit that is integral to Essar Steel India’s value-added steel portfolio, today announced that it has recorded a turnaround performance in the financial year ended March 2016. ESPF’s sales volume rose 71% to cross 462,000 tonnes, as compared to 270,000 tonnes in the […]

Mumbai : Essar Steel Pune Facility achieved its highest ever production and sales in March 2016. At 59.6 KT, production was up by 117%, and sales at 60.08 KT, went up by 112%, as compared to 27.44 KT (production) and 28.34 KT (sales) in the same month last year.There has also been significant achievement in areas […]

Mumbai: Essar Steel India Limited achieved its highest ever monthly production of flat steel in March 2016.. At 5.0 lakh tonnes, it was up by 62% when compared to 3.08 lakh tonnes produced in the same month last year. This translates into a capacity utilisation of 70%. During the quarter ending 31st March 2016 (Q4 of […]

Hazira, March 15, 2016: The all-round efforts of the company in various facets of its operation like production, sales & marketing and cost improvements have resulted in an excellent operational turnaround and resurgence of Essar Steel. The production has doubled since November and is currently operating at 70% capacity utilisation. This has resulted in significant improvement […]

Mumbai, November 07, 2015: Essar Steel has appointed ICICI Securities & SBI Capital Markets as advisors to help identify and induct strategic/financial investors in the Company. This decision is in addition to previously announced plans to monetise certain non-core assets to raise equity and infuse additional funds for ramping up operations to full capacity. Essar Steel […]

Mumbai, India and Chicago, USA: Essar Steel India has been recognised for Safety Leadership for the second year in a row by the World Steel Association (worldsteel). Declaring the final scoring of the 31 submissions received by the Worldsteel Safety Excellence Recognition Programme 2015, Mr Arne Haferkorn, Chairman of the Judging Panel said, “I am delighted […]