Steel Industry Growth
India’s Crude Steel Production Rises to 170.15 MT as Capacity Expands
India’s crude steel production rose to 170.15 million tonnes in FY2025-26, while installed capacity increased to 220.41 million tonnes, strengthening the country’s position...
India’s Steel Consumption Rises 6.5% to 14.4 Million Tonnes in July 2026
India’s steel consumption rose 6.5% year-on-year to 14.4 million tonnes in July 2026, while production remained steady amid strong domestic demand.
Indian Steel Makers Enter Multi Year Investment Cycle to Achieve 300 Million Tonnes Capacity by 2030
India’s steel industry is entering a major investment phase, with leading steel producers planning ₹70,000 crore in capital expenditure during FY27 as the...
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...
Fabex Steel Structures Opens ₹120 Crore Manufacturing Unit Near Hyderabad, Targets ₹1,000 Crore Revenue
Fabex Steel Structures has inaugurated a ₹120 crore manufacturing facility at Chityal near Hyderabad. The 40-acre unit boosts annual capacity to one lakh...
CREDAI and NAREDCO Urge RBI to Cut Repo Rate Below 5.5% to Boost Affordable Housing Demand
CREDAI and NAREDCO urge RBI to cut repo rate below 5.5% to boost affordable housing demand, homebuyer confidence, and real estate sector growth.
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...
India Pushes for Overseas Raw Material Acquisitions to Boost Steelmaking Capacity
India is actively seeking Indian companies to acquire raw material assets overseas, in an attempt to integrate India’s steel supply chain as it...
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...
Steel Exchange India Expands Production Capacity, Shares Surge
Steel Exchange India jumped 3.27% to ₹7.90 after the firm announced the completion of its expansion at the Visakhapatnam facility in the state of...
