Steel Industry
RINL Wins Gold Award at AP State Energy Conservation Awards 2024
“Rashtriya Ispat Nigam Limited has been awarded the `Gold Award’ at the Andhra Pradesh State Energy Conservation Awards 2024,” said an official release...
Indian Exporters Call for Mandatory Carbon Emission Disclosures in Steel Industry
Indian engineering goods exporters have urged the government to mandate carbon emission disclosures from steel manufacturers to align with the European Union’s Carbon...
Centre Pledges ₹10,000 Crore for Visakhapatnam Steel Plant Revival
The Union government has assured financial assistance of ₹10,000 crore for the revival of Visakhapatnam Steel Plant (RINL-VSP) by January 15, 2025. Union...
DGTR Initiates Probe on Steel Safeguard Duty; Shares of Metal Companies Rise
Shares of metal companies, particularly steelmakers, witnessed gains in early trade as the Directorate General of Trade and Remedies (DGTR) began its investigation...
AM/NS India to expand supply of construction equipment steel with new hot strip mill
ArcelorMittal Nippon Steel India to Raise Availability of Construction Steels with the newly commissioned hot strip mill, the major steel company that is...
Steel Sector Outlook Positive: JPMorgan Sees Surge in Demand Post-Elections and Monsoon
Steel stocks were in the spotlight on December 11, following a positive outlook from global brokerage JPMorgan. The brokerage highlighted that although overall...
GST Penalty of ₹64.47 Crore Imposed on JSW Steel for Mining Rights Payments
JSW Steel Ltd. has been fined ₹64.47 crore by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty...
JSW Steel’s Crude Steel Production Up 5% YoY; US Operations Down 22%
JSW Steel Ltd. announced a 5% increase in its consolidated crude steel production for November, reaching 23.23 lakh tonnes. This is compared to...
Odisha Government Initiates Land Acquisition for ArcelorMittal’s Rs 1.02-Lakh Crore Steel Plant in Kendrapada
The Odisha state government has begun the process to acquire 383 acres of land for the first phase of ArcelorMittal Nippon Steel’s proposed...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
