Steel Daily
Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk
Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...
Welspun Corp Q4 Profit Rises 160%, Amid Revenue Decline
Welspun Corp, the largest Indian producer of specialty steel pipes and tubes, has reported a steep 160% increase in consolidated net profit in...
RINL to Monetise ₹200 Cr in Land Assets in FY26 Amid Financial Strain
In a continued effort to stay afloat amid mounting financial pressure, state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) has identified non-core land parcels...
Auto Sector Braces for Profit Squeeze as 12% Steel Duty Kicks In
India’s move to impose a 12% safeguard duty on select steel imports is set to dent the auto sector’s profitability in FY26, with...
Centre Tightens Steel Procurement Norms with New ‘Melt and Pour’ Rule for Government Projects
In a firm thrust towards developing indigenous manufacturing and cutting back on the reliance on imported components, the Central government has issued a...
Sarda Energy & Minerals Posts 15% Jump in Q4 Profit, Annual Net Rises 34%
Indian steel and mineral producer Sarda Energy and Minerals Limited on Monday reported a 14.74% year-on-year rise in its net profit for the...
SAIL Taps ABB for Digital Twin Technology to Upgrade Rourkela Steel Plant
To upgrade operations and remain ahead of the competition in an increasingly competitive market, the Steel Authority of India Limited (SAIL) has entered...
JSW Steel Registers 14% Profit Expansion in Q4 FY25 Despite Revenue Decline
JSW Steel Limited, the top Indian steel producer, reported a 13.5% rise in consolidated net profit during the fourth quarter of the fiscal...
Tata Steel Expands Kalinganagar Plant to 8 MT, Crosses 26 MT Capacity in India
Tata Steel has commissioned its ₹27,000 crore Phase-II expansion project at its Kalinganagar plant in Odisha, increasing its overall steelmaking capacity in India...
NCLT to JSW Steel, Lenders: Present Concrete Plan to Reverse Bhushan Power Takeover by May 26
In a big move, the National Company Law Tribunal (NCLT) directed JSW Steel and its lenders to submit a clear roadmap on May...
