steel industry news
JSW Steel Finalizes ₹4,158 Crore Acquisition of Thyssenkrupp Electrical Steel India
JSW Steel has completed the acquisition of Thyssenkrupp Electrical Steel India Private Limited, better known as tkES India, through its wholly owned subsidiary...
Visakhapatnam Steel Plant Faces ₹35,000 Crore Debt, Says Steel Secretary Sandeep Poundrik
Visakhapatnam Steel Plant, under the umbrella of Rashtriya Ispat Nigam Limited (RINL), is running into a staggering liability of ₹35,000 crores of default...
Budget 2025: Jindal Stainless Seeks Import Duty Change to Safeguard Domestic Market
Ahead of the Union Budget 2025, Jindal Stainless has appealed to the government to revise import duties so that homegrown manufacturers do not...
Rs 20,000-Crore Expansion Plan for Bokaro Steel Plant Announced
The ambitious Rs 20,000 crore expansion plan has been unveiled for Bokaro Steel Plant, Union Minister H.D. Kumaraswamy announced. At the Steel Authority...
JSW Steel Seeks Upto $900 mn for Syndicated Loan to Expand
JSW Steel Ltd, India’s largest steel manufacturer, is on a lender hunt to raise $900m in loans from a pool of international lenders...
SAIL, John Cockerill India to Invest ₹6,000 Crore in Green Steel Plant
This is a boost to the steel industry of India. The whole investment in the project will come out to around ₹6,000 crore....
Tata Steel Posts 8% Growth in Q3 India Sales on New Capacity and Exports
The Tata Steel Company said it posted a year-on-year growth of 8 percent in India sales for the quarter ended December ’25 at...
Govt to Relaunch PLI Scheme for Specialty to Boost Domestic Production
Production-Linked Incentive for the specialty steel sector will be a fresh round in which the government will announce the scheme on Monday, which,...
India’s Ministry of Steel to Revamp PLI Scheme for Specialty Steel
India’s Ministry of Steel is revising the Production-Linked Incentive (PLI) scheme to revitalize the prospect of the specialty steel sector and further streamline...
Rainy Season in Chennai Slows Steel Trades; Scrap Prices to Stay Moderate in December
The current rainy season has definitely taken a toll on steel demand, which is one of the reasons why some market activity in...
