Steel Demand
Steel Ministry Forms Task Force to Fast-Track $3.45 Billion Rourkela Plant Expansion
The Ministry of Steel is forming a high-level committee to monitor and resolve implementation hurdles to Steel Authority of India Ltd’s (SAIL) Rourkela...
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....
SML Reports 4% Increase in Stainless Steel Production for April
Shyam Metalics Limited (SML) reported a 4% year-on-year growth in its stainless steel production in April 2025 at 7,149 mt, the company said...
JSW Steel Hits Record High as Metal Stocks Surge Amid Strong Demand
Metal stocks are witnessing a strong rally on Dalal Street, with JSW Steel hitting an all-time high of ₹1,072 per share. The stock...
Shyam Metalics Reports Surging YoY Stainless Steel & Aluminium Foil Sales, Despite MoM Dip
Shyam Metalics and Energy Ltd have shown strong YoY growth in February 2025 for sales of stainless steels and aluminium foils, aided by improved...
Steel Stocks Surge: Five Key Drivers Behind the Market Rally
The sectoral leader at Friday’s session was the Nifty Metal Index, which ended sharply higher, riding the wind after the monetary policy announcement...
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...
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...
Chennai United Metal Industries to Expand by ₹36 Crore
Chennai United Metal Industries is planning to enhance manufacturing capacity in Gummidipoondi, near Chennai, with an expansion plan of ₹36 crore and supply...
Rainy Season in Chennai Slows Steel Trades; Scrap Prices to Stay Moderate in December
The current rainy season has definitely taken a toll on steel demand, which is one of the reasons why some market activity in...
