steel demand India
Tata Steel Records Strong Second Quarter Growth Driven by India Operations and Strategic Stake Acquisition
Tata Steel delivered a resilient second quarter with a 319 percent surge in consolidated net profit, strong India-led growth, and a key acquisition...
Cheap Chinese Steel Imports Threaten India’s Domestic Industry, Says Steel Secretary Sandeep Poundrik
Steel Secretary Sandeep Poundrik warns that rising cheap Chinese steel imports are forcing hundreds of Indian mills to shut or scale back production,...
Jindal Steel Q2 Profit Falls 26% Amid Record Value-Added Steel Sales
Jindal Steel & Power reported a 26.2% drop in Q2 FY26 net profit to Rs 635 crore, while revenue rose 4.2% to Rs...
India’s Small Steelmakers Cut Production as Weak Demand and Monsoon Slowdown Hit Construction Sector
India’s small steel producers have cut output by nearly one third amid weak demand, falling prices, and monsoon disruptions, despite government tax cuts...
India’s Demand Shields Steel Sector from China’s Export Flood, Says Tata Steel CEO
Tata Steel CEO T.V. Narendran says India’s strong demand shields domestic steelmakers from China’s cheap exports, while Kalinganagar expansion stays on track.
Steel Demand to Accelerate in H2FY25 as Construction and GST Cuts Drive Growth: Naveen Jindal
India’s steel demand is set to grow at double-digit rates in H2FY25, driven by post-monsoon construction, GST cuts on cement, and lower taxes...
LMEL Commissions 3.6 Lakh Tonne Sponge Iron Plant in Maharashtra
Lloyds Metal and Energy Limited (LMEL) has commissioned a new sponge iron plant with an annual capacity of 360,000 metric tonnes at Ghugus...
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...
JSW Steel Urges Higher Import Safeguard Duty as Steel Influx Rises
JSW Steel has called for stronger import safeguards to protect India’s steel industry from a fresh wave of cheap overseas supplies. Jayant Acharya,...
India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%
India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...
