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Welcome to IIEF 2021: The industry extravaganza
From January 1, 2021, nearly every major automobile company in India has announced a price hike due to an increase in various input costsRead more
Stainless steel industry seeks to reduce import duty on key raw materials
This move is expected to catalyse Make in India and also will spur the domestic market. Read more
High steel prices hammering growth of Indian forging industry: AIFI
Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more
Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn
10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more
IPF Buyer-Seller Summit: Fulfilling Make in India goals
The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more
Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports
Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more
Indian Steel Association submits representations to RODTEP Committee
The issues and concerns raised by ISA were well taken and a timeline of 4 weeks was also allowed for collection and collation of the data for the members. Read more
SLR Metaliks invest Rs 60-70 crore to raise alloy steel manufacturing capacity
Despite COVID 19, the company - one of the leading suppliers of alloy steel to automotive and other industries - has increased the capacity from 0.3 million tonne to 0.4 million tonnes. While SLR Metaliks is pinning hopes on automotive industry’s revival, it is also holding talks with DRDO for suppling alloy steelRead more
Steel exporters to tap demand in China
Apart from China, the EU and CIS nations are also being tapped by the steel exporters.Read more
Slump in steel production hits Indian refractories
Currently, government safety norms , stalled material, and lower demand is causing worry for refractory makers.Read more