News Updates

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  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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  Tata Steel plans EAF plants to recycle steel in South India too

  ChennaiSteel behemoth Tata Steel’s electric arc furnace-based recycling plants could come up in an auto hub in southern India....

  06-07-2023 Read More..

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  Steel, cement demand to slow down on weak demand

  The marked slowdown in steel and cement demand have come as a early sign of economic slowdown even as the global economy are reeling under recessionary impact.Steel prices h....

  05-07-2023 Read More..

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  India may bring back CVD on steel to check flood of imports

  The ministry backed a CVD levy on steel, and the commerce ministry’s Directorate General of Trade Remedies has already recommended a 19% duty to the finance....

  06-06-2023 Read More..

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  Steel mills call for rationalization of GST rates on raw materials, by-products

  The Indian Steel Association (ISA), an industry body of major steel mills that include the likes of Tata Steel, JSW, SAIL, JSPL, among others – has written to ....

  01-06-2023 Read More..

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  Local steel prices may fall further on China exports

  Mumbai: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is ....

  30-05-2023 Read More..

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  Iron ore price drops below $100 as worries over China demand grow

  The iron ore price fell on Wednesday, languishing below $100 a tonne, as steel prices slumped in China.  A weaker yuan added to the gloomy mood, with Shangh....

  29-05-2023 Read More..

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  India's steel demand to grow 7.5% in 2023-24

  NEW DELHI, May 26 (Reuters) - India's steel consumption is expected to grow by 7.5% during the current fiscal year to March 2024, boosted by rising demand from t....

  26-05-2023 Read More..

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  Around 40 MT new steel capacity to be commissioned in India by FY26: Assocham

  Around 40 million tonne (MT) of new steel-making capacity will be commissioned by 2025-26, an industry executive said on Thursday. Vinod Nowal -- the Chairman of Assocham's Nati....

  25-05-2023 Read More..

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  Global steel output declines 2.4% in April as China disappoints

  Global crude steel declined 2.4 per cent in April with China again dragging the output compared with the year-ago period. According to World Steel Association (worlds....

  25-05-2023 Read More..

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