News Updates

• 

  JSW Steel to acquire National Steel and Agro Industries for Rs 621 crore

  JSW Steel said on May 22 it will complete the acquisition of National Steel and Agro Industries (NSAIL) in a month’s time for a total consideration of Rs 621 c....

  23-05-2023 Read More..

  ---

• 

  At 3.51 million tonnes, NMDC clocks record iron ore output in April

  The National Mineral Development Corporation (NMDC) has registered production of 3.51 million tonnes of iron ore in April 2023, as against 3.15 million tonnes in the same month ....

  04-05-2023 Read More..

  ---

• 

  India’s steel imports shoot up to 7 mt

  The amount of finished and semi-finished steel offered to India surged by almost 45% year over year to 7 million tonnes (mt), one of the largest rises in the previous three year....

  01-05-2023 Read More..

  ---

• 

  ArcelorMittal Nippon Steel plans new 65 mt captive port for Hazira steel plant

  MUMBAI: Months after buying a 25 million tonne (mt) capacity captive port at Hazira from Essar Group to cater to its steel mill located nearby, ArcelorMittal Nippon Steel India ....

  29-04-2023 Read More..

  ---

• 

  World steel demand to grow by 2.3% this year and by 1.7% in 2024, but China expected to decelerate

  The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2023 and 2024. worldsteel forecasts that this year, demand wi....

  18-04-2023 Read More..

  ---

• 

  Centre makes U-turn on Vizag Steel Plant, says the disinvestment process is in progress

  Visakhapatnam: In another U-turn on the disinvestment process of Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant, the Centre on Friday said t....

  17-04-2023 Read More..

  ---

• 

  Vizag Steel Plant's future hinges on outcome of 2024 General Elections

  Telangana Chief Minister Kalvakuntla Chandrashekar Rao is adept at building a political narrative as also a counter narrative. This was amply evident during the prolonged agitat....

  16-04-2023 Read More..

  ---

• 

  Visakhapatnam steel plant privatization put on hold, says Union Minister

  VISAKHAPATNAM: The Centre has frozen plans to privatize Visakhapatnam Steel Plant (VSP) as of now, said Union minister of state for steel Faggan Singh Kulaste here on Thursday. ....

  14-04-2023 Read More..

  ---

• 

  Iron ore price lowest in 3 months on China’s rumored plan to cap steel output

  Pessimism about steel demand in China weighed on iron ore prices on Thursday, even as traders watched a powerful cyclone that could disrupt shipments from top supplier Australia....

  14-04-2023 Read More..

  ---

• 

  S&P expects fall in met coal prices

  S&P Global Ratings on Wednesday said it is expecting a significant fall in rates of metallurgical coal and Indian steel makers are to benefit from the price correction.“We....

  12-04-2023 Read More..

  ---