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NewsSteel DailyTrending News

Steel Companies Anticipate Improved Demand and Margins in Q3FY25

Steel companies are set for better performance in Q3FY25, driven by improved demand and stable pricing trends, according to a Centrum report. The...

NewsSteel Daily

Aditya Ultra Steel to Set Up Rs 15-Crore Solar Plant in Gujarat

Aditya Ultra Steel, a leading rolled steel products manufacturer, will establish a 5 MW solar power plant in Jasdan, Rajkot, Gujarat, to meet...

NewsSteel Daily

India to Launch Green Steel Star Ratings for Sustainable Infrastructure

India’s Ministry of Steel (MoS) has introduced a star-rating system to define and promote the production of green steel, a key initiative for...

NewsSteel Daily

Chennai Scrap Market Holds Firm Amid Limited Supply and Lower Steel Demand

The Chennai ferrous scrap market remains cautious as supply constraints and moderate demand continue to impact price trends. According to BigMint’s latest assessment,...

NewsSteel DailyTrending News

India’s Finished Steel Imports Surge to Seven-Year High

India’s finished steel imports reached a seven-year high of 5.7 million metric tons during April-October, according to provisional government data. This marks a...

NewsSteel DailyTrending News

NMDC Steel’s Q2 Loss Soars to Rs 595 Crore Amid Rising Expenses

NMDC Steel Limited reported a substantial net loss of Rs 595.37 crore for Q2 FY24, reflecting a significant rise from the Rs 131.10...

NewsSteel DailyTrending News

Adani Group Embarks on $5 Billion Metals Venture to Compete with Industry Majors

The Adani Group is poised to invest $5 billion in India’s metals sector over the next three to five years, marking its entry...

NewsSteel DailyTrending News

India’s Steel Exports Up 11% in October; Imports Decline 4% Amid New Standards

Indian steel exports saw an 11% sequential rise in October, reaching 0.44 million tonnes (mt), marking the first increase this fiscal year. Imports...

NewsSteel DailyTrending News

Tata Steel Returns to Profit with Rs 759 Crore in Q2 FY25; Revenue Declines Due to Import Pressures

Tata Steel Ltd. reported a consolidated net profit of Rs 759 crore for Q2 FY25, reversing the previous year’s loss of Rs 6,511...

NewsSteel Daily

Jindal Steel and Power Ltd Reports 38% Drop in Q2 Profit to Rs 860 Crore Amid Revenue Decline, Expands Production Capacity

Jindal Steel and Power Ltd (JSPL) reported a 38% decline in its consolidated net profit for the September quarter, registering Rs 860 crore,...