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Rising costs and weak demand may force steel companies to cut output

In July alone, steel exports dropped by 14% to 0.30 million tonnes, while imports surged by 18% to 0.75 million tonnes.Read more

JSW Steel open to acquiring operating coking coal mines

Earlier this month, JSW Steel announced its acquisition of a 66.67% economic interest in M Resources NSW.Read more

NMDC Steel successfully produces 1 million tonnes of hot rolled coil

The 3 MTPA steel plant is set up with an investment of Rs 229 billion houses one of the widest Hot Strip Mills in India, capable of rolling HR coils of 900 mm to 1650 mm width in 1 mm to 16 mm thickness.Read more

Jindal Stainless to supply stainless steel and steel sheets for BrahMos

Jindal Stainless recently supplied 3 mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system. Read more

Man Industries to invest Rs 6 billion in new facility in Saudi Arabia

The new facility is expected to significantly boost MAN Industries' operational capacity and support its growth strategy in the Middle East.Read more

FDI in manufacturing reaches $165 billion; 69% growth over last decade

This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more

India’s steel prices fall to lowest in over three years: BigMint

In July, the average price for hot rolled coils, essential for manufacturing, was Rs 52,267 per tonne.Read more

Metalogic PMS holds conference on steel & metals for India's defence sector

The country's defence sector has shown impressive progress, with annual domestic defence production reaching nearly Rs 1.27 trillion in FY24, a 16.7% rise from Rs 1.09 trillion in the previous fiscal year. Read more

All India Steel Bottles Association praises GOI initiative for stainless steel bottles on BIS certification

To facilitate this, BIS is offering faster approvals, licenses, and discounts for manufacturers setting up units within India, differentiating products based on their place of manufacture. Read more

SIAM hosts workshop and unveils ‘SIAM EV Talent Landscape in India’ report

The report was unveiled by Chief Guest, Shri H D Kumaraswamy, Hon’ble Union Minister of Heavy Industries & Steel, Government of India.Read more

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