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Jindal India to invest over Rs 15 billion to expand steel business
Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. Read more
Carborundum Universal acquires full stake in US-based Silicon Carbide Products
The transaction is expected to close by the end of October 2024. Read more
China's steel exports a concern for India; Tata Steel TV Narendran
China, which produced 54% of the world’s crude steel in 2023, has been increasing its steel exports amid a slowdown in domestic demand, particularly due to challenges in its real estate sector.Read more
Shyam Metalics shares rise 3% post expansion announcement in steel and aluminium
Shyam Metalics operates a unique business model in the metals industry, sourcing around 80% of its power from captive plants.Read more
Government to launch Green Steel Mission with policy and incentives
This initiative comes as global pressure mounts on countries to reduce their carbon footprint in manufacturing. Read more
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
