steel industry news
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...
Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk
Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...
RINL to Monetise ₹200 Cr in Land Assets in FY26 Amid Financial Strain
In a continued effort to stay afloat amid mounting financial pressure, state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) has identified non-core land parcels...
JSW Steel Registers 14% Profit Expansion in Q4 FY25 Despite Revenue Decline
JSW Steel Limited, the top Indian steel producer, reported a 13.5% rise in consolidated net profit during the fourth quarter of the fiscal...
ArcelorMittal’s 1GW Green Power Project Begins Supplying Clean Energy to AM/NS Steel Plant
ArcelorMittal’s $700 million Andhra Pradesh green power project has finally commenced supplying green power to AM/NS India-owned Hazira steel plant in Gujarat owned...
