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Steel PSU capex to rise 44% in FY27 on improving demand outlook

Capital expenditure by steel public sector undertakings is set to rise sharply in FY27, led by SAIL and NMDC, as domestic demand improves...

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NMDC Explores Coal Assets in Canada to Support India’s Steel Expansion

State-owned miner NMDC is exploring coal reserves in Canada to secure raw material supplies for India’s expanding steel sector, as the country pushes...

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Steel Imports Threaten Domestic Industry’s Growth, Says ICRA in FY25 Outlook

The country’s domestic steel sector will have a very tough year going ahead with capacity utilization likely to slide below 80% for the...