steel industry news
APL Apollo Tubes Q2 Net Profit Rises 25.83% to ₹380 Crore
APL Apollo Tubes reported consolidated net profit of ₹380 crore for the second quarter of Financial Year 2026–27, up 25.83% year-on-year and above...
Vizag Steel Resumes TMT Rebar Production, Improving Market Availability
Rashtriya Ispat Nigam Limited has resumed TMT rebar production at Visakhapatnam Steel Plant, improving the availability of Vizag TMT products for builders, contractors...
JSW Steel Q2 FY27 Net Profit Surges 225% to ₹5,279 Crore on Record Sales
JSW Steel reported a 225.3% year-on-year rise in Q2 FY27 net profit to ₹5,279 crore. Revenue increased 10.7% to ₹54,486 crore, while record...
Jindal Stainless Q2 Net Profit Rises 11% to ₹898 Crore, Revenue Grows 18%
Jindal Stainless reported an 11% rise in Q2 FY27 net profit to ₹898 crore and an 18% increase in revenue to ₹12,874 crore,...
Piyush Goyal Warns EU Steel Carbon Tax Could Raise Costs and Hurt Industry Competitiveness
Piyush Goyal has criticised the EU's carbon tax on steel, warning that CBAM could increase industrial and infrastructure costs in Europe while adding...
Steel Prices Rise for Third Consecutive Month, HRC Rates Reach ₹64,700 a Tonne
Steel companies have raised prices by ₹2,000–₹2,700 a tonne in October for the third consecutive month, driven by higher raw material and energy...
Nirmala Sitharaman Invites World Steel Association to Set Up Office in India
Finance Minister Nirmala Sitharaman has invited the World Steel Association to establish an office in India, citing rising steel demand and calling for...
JSW Steel Reports 5% Growth in Q2 FY27 Crude Steel Production to 7.27 Million Tonnes
JSW Steel reported a 5% year-on-year increase in consolidated crude steel production to 7.27 million tonnes in the Second Quarter of Financial Year...
India’s Finished Steel Consumption Rises 7.5% to 84.9 Million Tonnes in H1 FY27
India’s finished steel consumption rose 7.5% to 84.9 million tonnes in April–September 2026, while crude steel production increased 2.9%. Steel prices, safety initiatives...
Steel Exchange India Records 24,823 MT Re-Bar Production in August
Steel Exchange India recorded a record 24,823.509 MT of Re-Bar production in August 2026 after commissioning a new Reheating Furnace, alongside stronger profits,...
