Market Updates
India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%
India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...
Centre, Andhra Government Collaborating on Action Plan to Revitalize Vizag Steel Plant
The Union and Andhra Pradesh governments are also preparing a holistic action plan to strengthen the Vizag Steel Plant (VSP), an industrial asset...
Coimbatore Leads Tamil Nadu in Property Registration Revenue Growth
The highest revenue growth while registering properties in Tamil Nadu has been recorded by the Coimbatore district. The growth comes amid a booming real estate...
Jindal Stainless to Invest ₹40,000 Crore in Maharashtra for New Manufacturing Facility
Jindal Stainless Ltd (JSL) is to invest ₹40,000 crore to set up a modern stainless-steel plant in Maharashtra. The plant will be developed in...
RPP Infra Acquires 120 Acres Near Chennai Airport for ₹75 Crore, Eyes Major Development
RPP Infra Projects Ltd today said it had agreed to the acquisition of 120 acres of land near the proposed new Chennai airport. The...
Cement Prices Plunge in South India, But Rebound Expected in Q1
South Indian cement prices fell sharply at a glance in March and at a bigger pinch than other regions owing to year-end volume pressures...
Paint Market Slowdown a Temporary Phase, Says Birla Opus CEO
India’s decorative paints market slowdown is cyclical and will rebound shortly, said Birla Opus Paints Chief Executive Officer Rakshit Hargave on Tuesday. On the...
India’s Steel Industry Unshaken by EU Import Curbs, Local Demand to Offset Impact
India may be harming the EU steelmakers, who need more fresh goods; The European Commission in September imposed high import taxes to protect local...
JSW Steel Becomes World’s Most Valuable Steelmaker with $30.3 Billion Market Cap
JSW Steel headed by Sajjan Jindal turns out to be the world’s most valuable steel manufacturer, surpassing global heavyweights like ArcelorMittal and Nucor...
MSME Steel Players Raise Concerns Over Proposed 12% Safeguard Duty
A grouping of MSMEs (Micro, Small and Medium Enterprises) in the steel industry is readying a move to push the government to withdraw the...
