Category: Automobile News

Demand for metals melts away forcing a rethink on smelting – ET Auto

on March 27, 2020

The steel ministry has urged PSU steel makers to maintain production levels. However, this is proving to be increasingly difficult. Kolkata: Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.JSW Steel, [...]

JSW Steel to cut down production in the wake of Covid -19 outbreak – ET Auto

by admin

on March 26, 2020

The statement from JSW Steel also said it had been taking various precautionary it measures to ensure the safety and health of the employees and their families KOLKATA: JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in [...]

India’s crude steel output grows 1.5% to 9.56 million tonnes in February: Worldsteel – ET Auto

by admin

on March 25, 2020

Global crude steel production for the 64 countries reporting to the association was 143.29 MT in February 2020, a rise of 5.4 per cent, compared to 154.46 MT in May 2018, it said. New Delhi: India's crude steel output increased by 1.5 per cent to 9.56 million tonnes (MT) in February this year, [...]

ZF, Wabco likely to close merger deal in Q2 2020 – ET Auto

by admin

on March 25, 2020

Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per share in an all-cash transaction for an equity value of over $7 billion (about Rs 49,700 crore). New Delhi: Wabco India in a regulatory filling announced that Wabco Holdings Inc. and ZF Friedrichshafen AG have [...]