Steel Production
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...
Tata Steel collaborates with NMDC and OMC to secure future iron ore supply
Tata Steel has begun negotiations with state-owned enterprises NMDC and Odisha Mining Corporation (OMC) to guarantee a consistent supply of iron ore for...
CCI clears Jsquare Electrical Steel acquisition of Thyssenkrupp Electrical Steel
The Competition Commission of India (CII) has cleared the acquisition of Thyssenkrupp Electrical Steel India Private Limited, also known as Thyssenkrupp India, by...
India Unveils Green Steel Taxonomy: A Key Step Towards Sustainable Steel Industry
India announced Taxonomy of Green Steel which declares one of the most significant changes towards the decarbonising of its steel industry. It indeed...
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...
ISSDA Advocates for Separate Stainless Steel Policy to Boost India’s Industry
The Indian Stainless Steel Development Association (ISSDA) is calling for a dedicated policy to support India’s stainless steel sector. Currently, the industry is...
Steelmaking Revolution: India’s Scrap Consumption Rises 8% in 2024
India’s ferrous scrap consumption rose by 8% year-on-year in the first 10 months of 2024 (10MCY’24), reaching 28.08 million tonnes (mnt) compared to...
JSW Steel and SAIL Look to Mongolia for Coking Coal Imports Amid Rising Steel Demand
India’s leading steelmakers, JSW Steel and Steel Authority of India Limited (SAIL), are exploring coking coal imports from Mongolia as part of efforts...
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...
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...
