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Indian Steel Giants Forecast Major Profit Leap in March Quarter

Steel manufacturers in India are entering a lucrative phase as the March quarter approaches. Experts predict a substantial rise in earnings driven by...

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Jindal Steel Achieves Global First with Large Scale Syngas Deployment in Steelmaking

Jindal Steel has become the first steel company globally to deploy coal gasification based syngas across multiple stages of steelmaking operations, strengthening sustainability...

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NMDC Explores Coal Assets in Canada to Support India’s Steel Expansion

State-owned miner NMDC is exploring coal reserves in Canada to secure raw material supplies for India’s expanding steel sector, as the country pushes...

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Domestic Steel Prices Plunge to Five-Year Low Amid Rising Imports and Weak Export Demand

Domestic steel prices drop to Rs 47,000–48,000 per tonne, a five-year low, amid rising imports and weak export demand; Steel Ministry holds discussions...

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JSW Steel Shelves Plan to Import Coking Coal from Mongolia Over Logistics Hurdles

JSW Steel Limited has now put on hold the plan to import coking coal from Mongolia, citing extremely difficult logistics in transporting the...

IndustrialMarket UpdatesNewsSteel Daily

SAIL Hikes FY26 Capex to ₹7,500 Cr to Fast-Track Expansion Towards 2030 Goal

In line with accelerating its steel production capacity to 35 million tonnes per annum (MTPA) by 2030, SAIL raises its capital expenditure allocation...

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SAIL to Test Mongolian Coking Coal Import as India Eyes Reduced Reliance on Australia

India’s state-owned steel producer, Steel Authority of India Limited (SAIL), will pilot a coking coal import from Mongolia, industry and company sources said....

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India Pushes for Overseas Raw Material Acquisitions to Boost Steelmaking Capacity

India is actively seeking Indian companies to acquire raw material assets overseas, in an attempt to integrate India’s steel supply chain as it...

NewsSteel Daily

Steel Giants Dominate 11th Round of India’s Commercial Coal Auction

As much as this comes as good news for the coal sector in India, there were 70 bids received from some of India’s...

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India’s Ministry of Steel Charts Global Strategy for 2025, Aiming to Lead in Production and Exports

The Indian Ministry of Steel is preparing a global strategy for steel in January 2025. This plan aims to align the Indian steel...