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Weak Demand Pressures Sponge Iron Prices Amid Muted Steel Market
India’s sponge iron market saw a day-on-day price decline of INR 100-300 per tonne (t) due to weak demand and cautious buyer sentiment....
China Ends Aluminium, Copper Export Subsidies: Impact on India’s Market and Prices
China’s recent decision to terminate export subsidies for aluminium and copper has sent shockwaves across global metals markets. Aluminium prices on the London...
Welspun Tubular to Invest $100 Million in Arkansas Plant Upgrade
Welspun Tubular LLC, the US subsidiary of India’s Welspun Corporation, is set to invest $100 million to enhance its steel large-diameter line pipe...
India Targets 300 Million Tons of Steel Output by 2030, $120 Billion Investment Needed
India plans to scale its steel production to 300 million tons by 2030, requiring an estimated $120 billion investment, according to the Ministry...
Construction Sector Gains Momentum with Increased Steel and Cement Demand
The Reserve Bank of India (RBI) reports significant growth in the construction sector, with steel consumption rising by 9% year-on-year in October 2024....
Steel Industry at the Forefront of India’s Transformation: Union Minister HD Kumaraswamy
Union Minister for Steel and Industries, HD Kumaraswamy, underscored the pivotal role of steel in driving India’s development at the National Metallurgist Awards....
BEML Secures Major Order from CCL: ₹246 Crore Deal for Mining Trucks
Bharat Earth Movers Ltd (BEML), a prominent public sector enterprise in heavy equipment manufacturing, has secured a ₹246.78 crore contract from Central Coalfields...
Steel Demand in India to Grow 8%: Capacity to Surge by 20 Million Tons by FY2027
India’s steel industry is set to increase its annual capacity by 20 million tons between FY 2025-27, according to a recent report by...
Chennai, Hyderabad, Bellary: Mixed Movements in Steel Prices
On November 19, 2024, the southern steel markets observed mixed trends, with billet and rebar prices showing slight declines across Chennai, Hyderabad, and...
ArcelorMittal to Invest Rs 61,780 Crore in Andhra Pradesh Steel Plant, Creating 21,000 Jobs
In its first meeting since the TDP-led NDA came to power, the State Investment Promotion Board (SIPB) of Andhra Pradesh approved an investment...
