Industry News

Rising steel imports from Korea, China more worrying than Russia

‘Rising steel imports from Korea, China more worrying than Russia’ The market share of steel imports to India from Russia …
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Green hydrogen pilot to cover steel, transport and shipping sectors.

Green hydrogen pilot to cover steel, transport and shipping sectors. The mission has proposed pilot projects for replacing fossil fuels …
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India to seek easing of EU steel quotas, tariffs in trade talks

India to seek easing of EU steel quotas, tariffs in trade talks India will seek an easing of European Union …
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WTO issues guidance on steel decarbonatization standards..

WTO issues guidance on steel decarbonatization standards. The WTO Secretariat on 21 December published a new information note mapping the …
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Steelmakers worry prices could hit break-even thresholds

Steelmakers worry prices could hit break-even thresholds The Raw Steels Monthly Metals Index (MMI) fell by 2.34% from November to …
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Good reason to consider divestment of RINL, NMDC: MD, JSPL

Good reason to consider divestment of RINL, NMDC: MD, JSPL The government has set the ball rolling for the strategic …
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Govt preparing ‘coking coal mission’ to diversify raw material sources: Steel minister

Govt preparing ‘coking coal mission’ to diversify raw material sources: Steel minister The mission is part of the government’s efforts …
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Govt may make ‘green steel’ mandatory to reduce carbon emission: Jyotiraditya Scindia

Govt may make ‘green steel’ mandatory to reduce carbon emission: Jyotiraditya Scindia Union Minister of Steel Jyotiraditya Scindia recently clarify …
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BMW Group secures CO2-reduced steel supplies for global production network

BMW Group secures CO2-reduced steel supplies for global production network New supply agreements in US and China; lower CO2 emissions …
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Vedanta to re-assess future in steel business

Vedanta to re-assess future in steel business The Bokaro-based company, later renamed ESL Steel Ltd, is doubling capacity to 3 …
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Steel Ministry hosts Conference of Ministers of Industry, Mines, State Govts

Steel Ministry hosts Conference of Ministers of Industry, Mines, State Govts Taking forward the “whole of Government” approach, Ministry of …
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Steel Prices face further downward pressure as extra supply looms

Steel Prices face further downward pressure as extra supply looms The Raw Steels Monthly Metals Index (MMI) fell by 5.08% from October …
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Indian steelmakers hoping for export duty cut

Indian steelmakers hoping for an early end to the export duty levied earlier this year may have to wait till …
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TERI signs MoU with Tata Steel Foundation to implement Green Steel Project

Tata Steel Foundation and The Energy and Resources Institute (TERI) signed a Memorandum of Understanding (MoU) on Tuesday in New …
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MENA can lead the world in green steel production – Report

The Middle East and North Africa (MENA) region is in a prime position to start producing carbon-neutral or green steel, …
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Nippon Steel plans to almost double Indian unit’s output capacity

Nippon Steel Corp, the biggest steelmaker from Japan plans to almost double crude steel output capacity at its India’s Hazira …
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JSW Steel signs an MoU withSMS to cut carbon emissions; invest Rs.10,000 crore

JSW Steel on 13 September announced its collaboration with German-based engineering and technology company SMS group to cut down carbon …
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India to become world’s number one producer of steel: Jyotiraditya Scindia

Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in …
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JSW Steel Joins hands with NZ’s National Steel to set up scrap shredding facilities in India

JSW Steel Limited on Friday (19 August) announced that it has entered into a joint venture agreement with New Zealand …
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Seminar on ‘Increasing Steel Consumption : Steel usage way forward’ organized at Visakhapatnam Steel Plant

RINL has taken up several activities as part of Iconic Week being observed by the Ministry of Steel starting from …
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Price Correction in India

Meanwhile, prices in India as per Odisha Mineral Corporation (OMC) auctions have seen a Rs.200 –300 per tonne rise weekly …
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Stage set for resumption of ore exports from Karnataka

Iron ore exports from Karnataka may resume after several years as the two key agencies that have long opposed the …
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Iron-ore prices fall up to 10% amid Covid fears

Iron-ore prices globally have taken a hit and are down at least 9-10 per cent amid fears of rising Covid …
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Coal shortage in India: Here’s where the states stand amid country’s worst power situation in 6 years

In view of the shortage of coal, a dominant fuel used to generate electricity in the country, the government halted …
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Steel firms’ operating margin to fall by 500 bps, says Crisil

Steel firms would still ‘generate healthy cash flows’ as operating rates are expected to be highest in the past five …
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SAIL supplies special steel for India’s indigenous navy warships ‘INS Udaygiri’ and ‘INS Surat’

SAIL supplies special steel for India’s indigenous navy warships ‘INS Udaygiri’ and ‘INS Surat’ Steel Authority of India Limited (SAIL) …
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India’s Tata Steel Explores Alternative Coal Supply Amid Russia-Ukraine Crisis

Tata Steel Ltd., India’s multinational steel company, is exploring alternative sources of coal supply amid rising fears of supply disruptions …
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India’s Coal Import Declines By 20 Percent From Apr- Dec 2021

Despite a steep surge in the demand of coal from power productions, India’s coal import has come down by almost …
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India Will Ensure Steady Coking Coal Cargoes For Steel Midst of Supply Concerns

India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with …
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Global Coal Prices At Record High, To Increase India’s Import Bill

The ongoing conflict between Ukraine and Russia is likely to have a bearing on the supply of thermal coal, while …
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Union Budget 2022-23: Augurs well for the steel sector

“The union budget for Financial Year 2022-23 holds promise for faster economic development putting the Indian economy on a still …
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FIRST DISPATCH FROM RINL FORGED WHEEL PLANT

FIRST DISPATCH FROM RINL FORGED WHEEL PLANT First dispatch of 51 nos Loco wheels flagged off to Lucknow Workshop, Indian …
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Steel and Metal Expo 2021

Steel and Metal Expo 2021 International Virtual Expo for Steel and Metal industries. Inviting Exhibitors to register Today !! Organised …
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Type 304 and Type 316 stainless steel for screen mesh

While screens can be manufactured with different mesh counts and wire diameters, they can also be woven with different materials …
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Sandvik is now an approved supplier for SABIC

According to Mr Bheru Shankar Meghwal, Inside sales & Product Development Specialist (see photo), Sandvik hit a significant milestone early …
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