India's steel industry is set to expand significantly over the next few years, with plans to add around 23 million tonnes (MT) of crude steel capacity between FY24 and FY27, according to a report by Nomura. [read more]
India will need to invest $ 283 billion (approximately ₹23.52 lakh crore) for decarbonising existing local steel production. [read more]
China has a problem of plenty. It is making far too many goods for its own consumption. Due to low demand and the crisis in the real estate sector, it is buried in overcapacity. [read more]
A steelworkers' union planning to begin industrial action over Tata Steel UK future plans for its Port Talbot plant in Wales on Monday called off their strike, saying further investment talks had been assured.
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The steel demand is expected to grow in the range of 9-12 per cent during the ongoing 2024-25 fiscal, according to India Ratings and Research (Ind-Ra).
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India produced 120 million tonne (MT) of crude steel during financial year ended March 31, 2022
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Steel Authority of India Ltd has added 15.9% over last one month compared to 10.17% gain in S&P BSE Metal index and 1.83% rise in the SENSEX
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U.S. Steel and ArcelorMittal have been raising steel prices of late.
Both steelmakers, two of Northwest Indiana's largest employers, have raised flat-rolled steel prices three times in less than a month.
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India has initiated a probe into an alleged subsidised export of certain steel products by Indonesia, following complaints by domestic industry. [read more]
BHUBANESWAR : The Indian steel industry is seeking a safeguard duty of 25% ad valorem on a wide range of steel products in the face of a sharp and significant increase in imports. [read more]
NEW DELHI: India fears China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due [read more]
NEW DELHI: Steel demand in India is expected to grow above 7 per cent in the current as well as next year, according to the World Steel Association. [read more]
Nikkei reported that world's fourth-largest iron ore supplie Fortescue Metals Group expects Chinese steel production to keep growing despite an economic slowdown as government stimulus stokes demand. [read more]
Domestic iron ore prices are likely to rise by three to four percent in 2019 on account of global supply glitch, rating agency Crisil said. [read more]
Amid the rising concern over cheap steel imports from China and countries that have signed a free trade agreement, some traders in India are worried about heavily discounted steel imports from Iran, which is facing US economic sanctions.[read more]
World Steel Association (worldsteel) has said in its latest report that India has jumped ahead of Japan to become world's second largest steel producing country in the world.[read more]
India's finished steel production during April to December period of the current financial year (FY19) rose by 4.5 per cent to 97.358 million tonnes (mt) while the country's consumption grew by 8.4 per cent to 71.862 mt in the same period, a Steel Ministry's report said.
Baraghata Industrial Area, Gwalior, MP, India
A 39 Anand Nagar, Gwalior, MP, India
