News Updates


  • India to surge past US in steel use in 2019, rank next only to China: study
    India to surge past US in steel use in 2019, rank next only to China: study
    India will outstrip the United States to become the second largest steel consuming nation in the world in calendar 2019 after China. China, the largest market for steel, will ac....
    23-04-2019 Read More..
  • Ferrous Scrap prices under pressure for May
    Ferrous Scrap prices under pressure for May
    Finished steel price momentum has been particularly difficult to gauge of late and what happens to ferrous scrap prices next month may be telling. Scrap for May appears to be un....
    20-04-2019 Read More..
  • Tata Steel pips JSW Steel to become top producer of alloy in FY19
    Tata Steel pips JSW Steel to become top producer of alloy in FY19
    Kolkata: Tata Steel edged past JSW Steel to be the largest steel producer in India in FY 2018-19 boosted by the acquisition of Bhushan Steel JSW Steel, which was the lar....
    18-04-2019 Read More..
  • India's steel demand to increase post polls: World Steel Association
    India's steel demand to increase post polls: World Steel Association
    KOLKATA: Steel demand in India is tipped to show an above-7% in both 2019 and 2020 on sustained infra spends with the economy expected to achieve faster growth in the second hal....
    17-04-2019 Read More..
  • Major decline in steel export to US; increase in aluminium: Report
    Major decline in steel export to US; increase in aluminium: Report
    India’s steel export to the US in 2018 declined by 49 per cent to $ 372 million, while that of aluminium increased by 58 per cent to $ 221 million, the independent Congression....
    15-04-2019 Read More..
  • A steel slump gives India a whole new area to worry about
    A steel slump gives India a whole new area to worry about
    Bang in the middle of an election season, here is one more big cause for worry for Modi government. Reports have just revealed that India's finished steel exports slipped marked....
    13-04-2019 Read More..
  • NMDC ramps up mining capacity, setting up new integrated steel plant
    NMDC ramps up mining capacity, setting up new integrated steel plant
    Mumbai: Government-owned NMDC Limited is ramping up its iron ore mining capacity and is planning to set up a new integrated steel manufacturing plant at a cost of 2.2 billion do....
    12-04-2019 Read More..
  • India’s steel demand to grow by over 7 pc in 2019, 2020: ISA
    India’s steel demand to grow by over 7 pc in 2019, 2020: ISA
    NEW DELHI, Apr 10: India’s steel demand is likely to grow by over 7 per cent in 2019 and 2020, driven by sectors like construction, capital goods and railways, as per the Indi....
    11-04-2019 Read More..
  • Tata Sponge Iron acquires steel business of Usha Martin
    Tata Sponge Iron acquires steel business of Usha Martin
    Tata Sponge Iron, a subsidiary of Tata Steel, has acquired the steel business of Usha Martin Limited (UML), a company release said on April 9."A meeting was organised today ....
    09-04-2019 Read More..
  • CBI conducts raids at Bhushan Power & Steel premises for Rs 2,348-crore bank fraud
    CBI conducts raids at Bhushan Power & Steel premises for Rs 2,348-crore bank fraud
    The Central Bureau of Investigation (CBI) conducted searches at various locations of New Delhi-based Bhushan Power and Steel on Sunday. The searches were conducted in their Delh....
    08-04-2019 Read More..

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