Editors Pick
India Launches First Critical Mineral Auctions to Boost Domestic Mining
India has launched its first-ever auction of critical and strategic minerals, offering 20 blocks across seven states and Jammu & Kashmir. These blocks...
Leverage for Primary Steel Firms to Hit Five-Year High Amid Expansion: CRISIL
The net leverage of domestic primary steelmakers is expected to rise to a five-year high of over 3x this fiscal, driven by aggressive...
India’s Steel Imports Up 41%, BIS Enforces Quality Standards to Protect Industry
India’s steel imports have risen sharply in the first half of 2024-25, reaching 4.735 million tonnes, a 41.3% increase compared to 3.329 million...
Renaatus Projects Wins Chennai Central Tower Contract with ₹412.9 Crore Bid
Renaatus Projects has been declared the lowest bidder (L1) for the Chennai Central Tower development, with a bid value of ₹412.9 crore. The...
Steelmaking Revolution: India’s Scrap Consumption Rises 8% in 2024
India’s ferrous scrap consumption rose by 8% year-on-year in the first 10 months of 2024 (10MCY’24), reaching 28.08 million tonnes (mnt) compared to...
Japan Flags Steel Import Delays at Indian Ports, MSMEs Raise Concerns
The Embassy of Japan has voiced concerns over prolonged delays in steel consignments at Indian ports, citing customs requirements for No Objection Certificates...
Equinox India Developments Plans Rs 12,000 Crore GDV Launch Across Metro Cities
Equinox India Developments, formerly Indiabulls Real Estate (IBREL), is set to launch multiple high-value projects across India’s metro cities, with a total gross...
Weak Demand Pressures Sponge Iron Prices Amid Muted Steel Market
India’s sponge iron market saw a day-on-day price decline of INR 100-300 per tonne (t) due to weak demand and cautious buyer sentiment....
China Ends Aluminium, Copper Export Subsidies: Impact on India’s Market and Prices
China’s recent decision to terminate export subsidies for aluminium and copper has sent shockwaves across global metals markets. Aluminium prices on the London...
India Targets 300 Million Tons of Steel Output by 2030, $120 Billion Investment Needed
India plans to scale its steel production to 300 million tons by 2030, requiring an estimated $120 billion investment, according to the Ministry...
