Indian Steel Industry
Govt Approves ₹11,440 Cr Lifeline for Vizag Steel, Rules Out Immediate Merger with SAIL, NMDC
Govt approves ₹11,440 cr lifeline for Vizag Steel, rules out immediate merger with SAIL, NMDC Sorting out Visakhapatnam Steel Project finances Rashtriya Ispat Nigam...
Andhra Approves ₹1.35 Lakh Cr ArcelorMittal Plant, Cuts Bar Licence Fee
In a significant boost to industrial investment in the state, the Andhra Pradesh Cabinet has approved the proposed establishment of a steel factory...
India Tightens Steel Procurement Rules to Shield Domestic Mills from Import Surge
The Indian government has taken several measures to protect steel manufacturers from an influx of cheaper imports and has tightened the rule of...
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...
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...
India’s Steel Imports Drop 40% in February Amid Safeguard Duty Concerns; Exports Plunge 60%
Imports of steel into India plunged 40% in February to 0.6 million tonnes the lowest level since April. This drop was 29% lower than January’s...
Rumors of 12% Steel Import Levy Cause Uncertainty in Indian Market
Reports in the Indian press are abuzz with speculation of a 12% temporary safeguard duty on steel imports to shield domestic producers from rampant...
MOIL Achieves Record February Manganese Ore Production, Slightly Below January
State-owned MOIL Limited in India produced 153,000 metric tons of manganese ore in February 2025, a 1.3% increase year on year. The firm noted it...
NMDC to Supply Iron Ore to RINL for Longer Term, Ensuring Operational Viability
Historically, Rashtriya Ispat Nigam Limited (RINL), a loss-making state-run steelmaker in India, has had a long-term agreement with NMDC Limited to purchase iron ore...
