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Indian steel firms slash prices amid rising imports to protect market share

The recent capacity expansions by major players like JSW Steel, Tata Steel, and Jindal Steel and Power Ltd (JSPL) have come online amid a slowdown in demand, leading to an oversupply in the market.Read more

Tata Steel commissions India’s largest blast furnace at Kalinganagar

With a total investment of Rs 270 billion, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA.Read more

Tata Steel announces Season 8 winners of 'Women Of Mettle' scholarship programme

Swashreeta Senapati from NIT Rourkela was declared the winner; Muskan Kumari from NIT Jamshedpur bagged the first runner-up position, and Megha Mitra from ISM Dhanbad secured the second runner-up spot.Read more

GOI approves Konoike Transport as buyer of Ferro Scrap Nigam for Rs 320 billion

FSNL, founded in 1979, specialises in recovering and processing scrap from slag in steel plants.Read more

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

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