Steel Daily
Steel Exchange India Expands Production Capacity, Shares Surge
Steel Exchange India jumped 3.27% to ₹7.90 after the firm announced the completion of its expansion at the Visakhapatnam facility in the state of...
India Proposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry
The Indian industry was seeking safeguard measures given the surge in steel imports from countries, particularly from China and Vietnam. The provisional duty recommendation was...
India Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
China’s Steel Surge Pressures Indian Giants as Fitch Lowers Rating Headroom
India’s steel industry is feeling the heat as Fitch Ratings downgraded the rating headroom for JSW Steel and Tata Steel. The agency cited...
SAIL to Invest ₹30,000 Crore to Increase Rourkela Steel Plant to 9.4 MTPA by 2030
One of the first public sector steel plants in the country Rourkela Steel Plant (RSP)-is all set to undergo a massive expansion with...
Shyam Metalics Ventures into Steel Roofing with $70 Million Plant in West Bengal
Kolkata-based Shyam Metalics Limited (SML) has announced its entry into the steel roofing segment with the commencement of production from its recently commissioned cold...
Iron Ore Prices Drop as Chinese Imports and Steel Demand Weaken
Iron ore prices continued to decline in early March despite a drop in Chinese imports, reflecting weak demand in the world’s largest steel-producing...
Government Receives 73 Applications for Specialty Steel PLI Scheme
The Indian government has got 73 applications under the second round of the Production Linked Incentive (PLI) scheme for specialty steel. According to the...
NMDC Faces Production Slowdown Amid Worker Protests
The state-owned iron ore producer NMDC Limited is struggling with a slowdown in operations due to worker protests, the company announced Tuesday, March 11....
BSL Introduces Eco-Friendly Brick to Boost Steel Production
BSL had been making a pioneering move to overcome the procurement crisis of steel scrap! This green alternative acts as both a heat absorbent...
