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522 news items from India. Show all
India emerged as a net steel importer during the April-November period of FY25, despite notable shifts in export and import trends in November. In the eight-month period of FY25, steel imports rose 27pct YoY to 6.5 mln…
The Indian Stainless Steel Development Association (ISSDA) has urged the Ministry of Steel to introduce a dedicated policy for the stainless steel industry. "We have requested an exclusive stainless steel policy because…
JSW Steel posted a 5pct YoY increase in consolidated crude steel production for November 2024, reaching 2.32 mln tons. Within India, production increased by 7pct to 2.25 mln tons compared to 2.11 mln tons last year…
India's finished steel imports from China hit a record high in the first seven months of the current financial year, with shipments reaching 1.7 mln tons from April to October, up 35.4pct YoY, according to provisional…
India's state-owned iron ore miner, NMDC, reported an 18pct YoY increase in production, reaching 4.41 mln tons in November 2024, compared to 3.83 mln tons in the same month last year, according to a stock exchange…
India's steel ministry has proposed a 25pct safeguard duty on imports of certain steel items, according to local media reports. The proposal was discussed in a meeting between Union Steel Minister H.D. Kumaraswamy and…
Tata Steel has partnered with Danieli to modernize the wire rod line at its Jamshedpur plant. The project included the installation of two advanced shearing units, a crank shear and a rotary shear, along with an…
SAIL (Steel Authority of India) has signed a Memorandum of Understanding (MoU) with John Cockerill India, an industrial equipment supplier, to explore joint initiatives aimed at advancing solutions for the steel…
The Embassy of Japan in India has raised concerns over delays in Japanese steel consignments at Indian ports, with Customs officials holding up shipments due to the absence of a No Objection Certificate (NOC), as…
SAIL has awarded Danieli a contract for the design and construction of a state-of-the-art bar mill and a new reheating furnace on a turnkey basis. Located in Durgapur, India, the new bar mill will incorporate advanced…
Vesuvius, a global leader in the refractory industry, has inaugurated new alumina-silica (AlSi) and basic monolithic manufacturing plants in Visakhapatnam, according to a company filing with the stock exchange. These…
Tata Steel has successfully introduced biochar (biomass-based charcoal) at its Jamshedpur plant, advancing its sustainability efforts and moving closer to its Net Zero target by 2045. Since January 2023, the company has…
Primetals Technologies has upgraded the automation systems at the finishing mill of SAIL Bokaro's hot-strip mill in Bokaro Steel City, Jharkhand, India, completing the project 26 months after starting, one month ahead…
India's finished steel imports surged to a seven-year high of 5.7 mln tons during April-October, according to provisional government data, marking a continuation of the trend from FY24 when India became a net importer…
Transformers and Rectifiers (India) Ltd. (TARIL) has announced a strategic investment in Posco Poggenamp Electrical Steel, acquiring a controlling stake, according to a stock exchange filing. Posco Poggenamp…
NMDC Steel reported a widening loss of INR 595.37 crore (USD 70.5 mln) for the September quarter, driven by a surge in expenses. In the same period last year, the company posted a loss of INR 131.10 crore, according to…
Steel Authority of India Limited (SAIL) reported a 31pct decline in consolidated net profit, totaling INR 897.15 crore (USD 106.2 mln) for the quarter ending September 30, 2024, down from INR 1,305.59 crore in the same…
India's Sandur Manganese & Iron Ores Limited (SMIORE) board has approved the acquisition of an additional 20pct stake in Arjas Steel Private Limited (ASPL), bringing its total equity shareholding to 100pct, the company…
India's steel imports from April to September were led by China, with the country remaining a net importer, according to provisional government data, Reuters reported. India imported 4.7 mln tons of finished steel…
Tata Steel Ltd reported a consolidated profit after tax of INR 759 crore (USD 90 mln) for the quarter ended September 30, 2024, marking a 17.4pct YoY decrease. However, the company rebounded significantly from a loss of…
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