steel industry news
Vardhman Special Steels, Japan’s Aichi Steel to set up $284 mn green steel plant in Punjab
Vardhiman Special Steels Limited (VSSL) signed an agreement for collaboration with Japan’s Aichi Steel Corporation (ASC) in establishing a special steel manufacturing center...
Mukand Sumi to Invest ₹2,345 Crore in Karnataka Steel Plant, Operations by 2028
Mukand Sumi Special Steel Limited, a joint venture of India and Japan of Bajaj Group and Sumitomo Corporation, has announced the establishment of...
BMW Industries to Invest ₹803 Cr in Jharkhand Plant, Eyes High-End Steel Market
Steel maker BMW Industries will invest ₹803 crore to set up a 0.5 million tonne (MnT) cold rolling complex in Bokaro, Jharkhand, as...
Govt Eases Steel Supply Rules, Waives BIS Certification for 202 Foreign Licences
In a move to ease raw material bottlenecks for domestic steelmakers, the steel ministry has exempted 202 foreign steel licences from mandatory Bureau...
SAIL Eyes ₹36,000 Cr IISCO Expansion by FY27, Faces Tender and Debt Challenges
Steel Authority of India Ltd (SAIL) is pursuing the ambitious expansion of its IISCO Steel Plant at an estimated cost of ₹36,000 crore...
Steel Exchange India Bags ₹210 Cr Contract from RINL for Vizag Steel TMT Rebar Conversion
In an extraordinary turn of events, Steel Exchange India Limited (SEIL) has just bagged a major contract from RINL, popularly known as Vizag...
India Surges Ahead in Steel Growth, Eyes 300 MTPA Capacity by 2030
India is poised to become the third-largest global steel powerhouse, aiming for a crude steel capacity of 300 million tonnes per annum (MTPA)...
India’s Steel Imports Drop 27.6% in April-May as China, Japan Shipments Decline
India’s finished steel imports saw a sharp 27.6% year-on-year fall in April-May FY25, as inbound shipments from key suppliers China and Japan declined...
Jindal Steel Starts First Galvanising Line in Odisha, Targets High-Value Steel Market
Recently, Jindal Steel & Power, headed by Naveen Jindal, has gone ahead and flagged off its first continuous galvanizing line at the integrated...
Steel Import Rule Sparks Panic Among MSMEs, Could Trigger Factory Closures: GTRI
A sudden regulatory change by the Ministry of Steel has left India’s micro, small, and medium enterprises (MSMEs) reeling, with fears of disrupted...
