Steel

Govt widen ambit of quality control for steel

The import-export gap is set to widen further in the current fiscal year, hitting an eight-year high of 11 million…

January 1, 2025 01:00 IST

steel, industry, steel products, Association of Southeast Asian Nations, ASEAN, Directorate General of Trade Remedies, DGTR

Probe for safeguard duty on steel products begins

Around 60% of the engineering goods exporters are in the MSME sector and they account for half of the sector’s…

December 21, 2024 02:00 IST

Imposition of additional duty on steel imports to hit exports by MSMEs: Exporters

Hand Tool Association Chairman S C Ralhan said that the MSME engineering exporters are already facing problems on the liquidity…

December 3, 2024 16:15 IST

JSW Group, Steel Industry, sustainable energy solutions, GDP, Posco, Industrial park

Growth story needs steel

Posco’s joint venture with JSW will focus on developing sustainable energy solutions. Its renewable energy project is for the captive…

November 5, 2024 05:00 IST

Steel Ministry, Vizag Steel, Rashtriya Ispat Nigam Ltd, RINL, Industry

Fresh package in the works for RINL

Contrary to reports, sources said a merger of RINL with another state-run steel maker the Steel Authority of India (SAIL)…

October 24, 2024 02:15 IST

Tata Steel, steel production, sales, delivery volume, retail vertical deliveries, Tata Steel Aashiyana, blast furnace, Kalinganagar facilities, Tata Steel UK

Tata Steel Q2 Updates: Domestic production up 5% YoY while UK business declines

Tata Steel recorded India delivery volumes at 5.10 million tons, posting a growth of 5.8 per cent from 4.82 million…

October 7, 2024 10:57 IST

India proposes $1.1-billion retaliation against EU for extra steel duties

In a communication to the World Trade Organisation (WTO), India said it would either impose extra duties on imports or…

September 21, 2024 05:30 IST

The industry is poised to witness an all-time-high capacity addition of 15.6 mtpa in FY2025. (Image Source: Freepik)

Steel sees steady run! ICRA expects double-digit growth in FY25 despite seasonal pressure

Rating agency ICRA projects the domestic steel consumption growth at a healthy 9-10% in FY2025. Capacity utilisation to record a…

September 12, 2024 16:22 IST

Steel, Steel Industry, SAIL, Steel Ministry

Steel firms may ward off import threat with higher tariffs; Minister says will ask finance ministry to raise duties to 10-12%

Domestic teel prices have fallen to their lowest levels in over three years, largely due to shifts in the global…

September 5, 2024 01:45 IST

steel industry, margins, steel producers, profitability, power consumption, tariffs, mining cess, Supreme Court, tax liabilities

Primary steel producers could report margin contraction by 60-180 bps post new cess, says ICRA

The power sector, which is heavily dependent on coal, may see a rise in the cost of supply by 0.6…

August 26, 2024 12:45 IST

The GTRI urged Indian steel producers and the government to adopt low-carbon technologies, such as electric arc furnaces and hydrogen-based steelmaking, and to conduct comprehensive carbon footprint assessments.

LESS may spell more worries for Indian steel industry on emissions compliance

India’s steel exports fell by 31.2% from $31.7 billion in 2021-22 to $21.8 billion in 2023-24, while imports rose by…

Updated: August 9, 2024 17:34 IST

Surjagad Ispat, steel project, Gadchiroli

Foundation stone laid for Surjagad Ispat Pvt Ltd steel project in Gadchiroli

Fadnavis emphasized that Gadchiroli will become Maharashtra’s leading district and the largest steel hub in the country.

Updated: July 26, 2024 01:03 IST

JSW Steel USA to invest $110 mn to upgrade steel plate mill

Through these investments, JSW USA will enhance its domestic manufacturing capabilities for end-use within the renewable energy and infrastructure sectors.

June 26, 2024 02:30 IST

steel production, JSW Steel, crude steel, raw material, maintenance shutdown, blast furnace

JSW Steel posts crude steel production for May 2024 at 20.98 lakh tonnes, down 4% YoY

The fall in production by 4% during the month of May was due to a planned maintenance shutdown for one…

June 10, 2024 10:32 IST

JSW Steel, annual output, crude steel, annual production, Capacity utilisation, volume, JSW Ispat Special Products Ltd, merger

Highest annual output: JSW Steel posts FY24 crude steel production at 26.43 MT, up 9% YoY

For the fourth quarter of FY24, JSW Steel posted crude steel production of 6.79 million tons, up 3 per cent…

April 8, 2024 11:37 IST

iron ore, ore shortage iron, steel production, steel, industry

‘Ore shortage’ hitting steel production, says sponge iron industry, seeks ban on exports

India has been the world’s largest sponge iron-producing nation since 2003, and 30% of India’s steel production come via this…

March 11, 2024 02:00 IST

JSW Steel, steel production, India business, revenue, appointment, profit

JSW Steel posts February 2024 crude steel production at 21.5 lakh tonnes, up 5% YoY

From its India operations, JSW Steel produced 20.59 lakh tonnes of steel in February 2024, up 4 per cent on-year…

March 7, 2024 10:48 IST

CLSA on Steel valuation, JSW Steel share price, Tata steel share price

CLSA turns cautious on steel due to valuation concerns, stocks muted

CLSA downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and adjusted the target price to ₹135 from Rs 145 per share.…

March 5, 2024 12:44 IST

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BMW Motorrad India increases price across range ahead of R 1300 GSA launch

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BMW Motorrad will raise motorcycle prices in India by 2.5% starting January 1, 2025. The G 310 R will be the most affordable option. New models, such as the R 1300 GSA with a larger fuel tank and electronic aids, and the F 450 GS with a new design and powerful liquid-cooled engine, are also expected to be launched.

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