#IndianSteel
Steel Companies Anticipate Improved Demand and Margins in Q3FY25
Steel companies are set for better performance in Q3FY25, driven by improved demand and stable pricing trends, according to a Centrum report. The...
Aditya Ultra Steel to Set Up Rs 15-Crore Solar Plant in Gujarat
Aditya Ultra Steel, a leading rolled steel products manufacturer, will establish a 5 MW solar power plant in Jasdan, Rajkot, Gujarat, to meet...
India to Launch Green Steel Star Ratings for Sustainable Infrastructure
India’s Ministry of Steel (MoS) has introduced a star-rating system to define and promote the production of green steel, a key initiative for...
Chennai Scrap Market Holds Firm Amid Limited Supply and Lower Steel Demand
The Chennai ferrous scrap market remains cautious as supply constraints and moderate demand continue to impact price trends. According to BigMint’s latest assessment,...
India’s Finished Steel Imports Surge to Seven-Year High
India’s finished steel imports reached a seven-year high of 5.7 million metric tons during April-October, according to provisional government data. This marks a...
NMDC Steel’s Q2 Loss Soars to Rs 595 Crore Amid Rising Expenses
NMDC Steel Limited reported a substantial net loss of Rs 595.37 crore for Q2 FY24, reflecting a significant rise from the Rs 131.10...
Adani Group Embarks on $5 Billion Metals Venture to Compete with Industry Majors
The Adani Group is poised to invest $5 billion in India’s metals sector over the next three to five years, marking its entry...
India’s Steel Exports Up 11% in October; Imports Decline 4% Amid New Standards
Indian steel exports saw an 11% sequential rise in October, reaching 0.44 million tonnes (mt), marking the first increase this fiscal year. Imports...
Tata Steel Returns to Profit with Rs 759 Crore in Q2 FY25; Revenue Declines Due to Import Pressures
Tata Steel Ltd. reported a consolidated net profit of Rs 759 crore for Q2 FY25, reversing the previous year’s loss of Rs 6,511...
Jindal Steel and Power Ltd Reports 38% Drop in Q2 Profit to Rs 860 Crore Amid Revenue Decline, Expands Production Capacity
Jindal Steel and Power Ltd (JSPL) reported a 38% decline in its consolidated net profit for the September quarter, registering Rs 860 crore,...
