Indian Steel Market
Specialty Steel PLI Scheme Attracts Rs 25,200 Crore Investment by 35 Companies
India’s push to promote domestic manufacturing is picking up speed, with 35 companies pledging a whopping Rs 25,200 crore to drive the specialty...
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...
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...
Govt to Finalize Revival Plan for RINL Steel Plant in a Month: Steel secretary
The Indian government is to firm up a detailed revival package for Rashtriya Ispat Nigam Ltd, or RINL Steel Plant, commonly referred to...
JSW Steel Sees Growth in Crude Steel Production with 2.3% Rise to 7.03 million Tonne MT
JSW Steel, under its CEO Sajjan Jindal, delivered a 2.3 percent growth in the company’s crude steel production as reported in consolidated Q3...
The Proposed Duty on Steel Imports Could Make Pricing Soar in 2025: Crisil
According to rating agency Crisil, Indian steel prices are expected to rise considerably, given that the proposed safeguard duty on steel imports will...
CCI clears Jsquare Electrical Steel acquisition of Thyssenkrupp Electrical Steel
The Competition Commission of India (CII) has cleared the acquisition of Thyssenkrupp Electrical Steel India Private Limited, also known as Thyssenkrupp India, by...
Steel Prices Surge in Chennai, Hyderabad, and Bellary Amid Market Volatility
On December 6, 2024, steel prices in South India saw a notable increase. Mills raised their offers for semi-finished and finished long products...
