News Updates


  • ‘Ore shortage’ hitting steel production, says sponge iron industry, seeks ban on exports
    ‘Ore shortage’ hitting steel production, says sponge iron industry, seeks ban on exports
    India has been the world’s largest sponge iron-producing nation since 2003, and 30% of India’s steel production come via this route. ....
    13-03-2024 Read More..
  • Cheap Chinese steel likely to curb Indian exports next year
    Cheap Chinese steel likely to curb Indian exports next year
    India's steel exports for FY2022-23 stood at 6.72 million metric tonnes (mt), down about 50 percent year on year, while the imports were at 3-year high.....
    29-12-2023 Read More..
  • India net importer of steel in April-Nov as Chinese shipments reach 5-yr high
    India net importer of steel in April-Nov as Chinese shipments reach 5-yr high
    NEW DELHI, Dec 27 (Reuters) - India turned a net importer of finished steel in the first eight months of the fiscal year that began in April with shipments from China reaching t....
    28-12-2023 Read More..
  • India's April-Oct steel imports from China at four-year high
    India's April-Oct steel imports from China at four-year high
    NEW DELHI, Nov 29 (Reuters) - India's finished steel imports from China touched a four-year high in the first seven months of the fiscal year that began in April, according to p....
    30-11-2023 Read More..
  • Citi raises iron ore price forecast to $140 on China stimulus
    Citi raises iron ore price forecast to $140 on China stimulus
    The global mining industry is closely monitoring the shifts in iron ore prices as Citi analysts have recently upgraded their price forecast to $140 per tonne, fueled by expectat....
    23-11-2023 Read More..
  • Punjab CM lays foundation of 7.5 LTPA Tata Steel Plant in Ludhiana
    Punjab CM lays foundation of 7.5 LTPA Tata Steel Plant in Ludhiana
    Punjab Chief Minister Bhagwant Mann laid the foundation of a steel plant in Ludhiana on Friday. The steel plant, owned by Tata group, is being made at a cost of ?2,60....
    21-10-2023 Read More..
  • Vedanta to sell all its steel assets by March 2024: Anil Agarwal
    Vedanta to sell all its steel assets by March 2024: Anil Agarwal
    India's Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday.The company began the revie....
    04-10-2023 Read More..
  • Coking coal rates pushing up steel prices in India
    Coking coal rates pushing up steel prices in India
    While iron ore is available in substantial quantity in India, steel players are bound to meet 90 per cent of their coking coal requirement through imports from countries l....
    28-09-2023 Read More..
  • Steel margins may better in short term; coking coal price hike may hit profit in Q3: Kotak
    Steel margins may better in short term; coking coal price hike may hit profit in Q3: Kotak
    During the quarter, domestic HRC and rebar prices surged by 4% and 10%, respectively, driven by increased demand in construction and infrastructure....
    25-09-2023 Read More..
  • Betting on India's growth, top steel firms in midst of big expansion plans
    Betting on India's growth, top steel firms in midst of big expansion plans
    Mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses.The review would b....
    19-07-2023 Read More..

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