automotive steel
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...
JSPL Acquires Allied Strips for $26 Million to Boost Value-Added Steel Capacity
To enhance its value-added steel portfolio, Jindal Steel and Power Limited (JSPL) has announced its acquisition of Allied Strips Limited (ASL) for $26 million....
ArcelorMittal Registers 56% EBITDA Decline Following Pressure on Prices
ArcelorMittal/Nippon Steel India, the Indian arm of London-based steel behemoth ArcelorMittal, experienced a sliding-down scenario for its EBITDA to more than halve to...
Union Budget 2025: Increase in PLI scheme for specialty steel
According to Finance Minister Nirmala Sitharaman on February 1, her eighth successive Union Budget allocated a sum of considerable measures to the production-linked...
JSW Steel Finalizes ₹4,158 Crore Acquisition of Thyssenkrupp Electrical Steel India
JSW Steel has completed the acquisition of Thyssenkrupp Electrical Steel India Private Limited, better known as tkES India, through its wholly owned subsidiary...
AM/NS India to Make Car Makers Independent on Steel Imports
ArcelorMittal-Nippon Steel joint venture, AM/NS India, is planning to force carmakers to stop importing steel by March 2025. “We will commission a new...
Auto Industry Appeals to Steel Ministry to Relax Import Bans As Production Threatened
Indian automobile industry has requested the Ministry of Steel to remove the restrictions on steel imports that might create a disturbance in vehicle...
