Steel Industry
Visakhapatnam Steel Plant Won’t be Privatized, Says Steel Minister Kumaraswamy
Giving a major announcement to a perturbed nation, Union Steel Minister H.D. Kumaraswamy yesterday assured that Rashtriya Ispat Nigam Limited – Visakhapatnam Steel...
JSW Steel Renounces Coal and Iron Ore Mines, Incurs ₹445 Crore Write-Off
India’s largest steel maker, JSW Steel, announced a significant financial adjustment Thursday by writing off ₹445 crore to surrender coal and iron ore...
JSPL to Upgrade Steckel Mill with Danieli’s Advanced Cooling Technology
Indian steel producer Jindal Steel and Power Limited has opted to modernize its Steckel mill in Raigarh, India. It has chosen Italian plant...
AM/NS India to Make Car Makers Independent on Steel Imports
ArcelorMittal-Nippon Steel joint venture, AM/NS India, is planning to force carmakers to stop importing steel by March 2025. “We will commission a new...
RINL Wins Gold Award at AP State Energy Conservation Awards 2024
“Rashtriya Ispat Nigam Limited has been awarded the `Gold Award’ at the Andhra Pradesh State Energy Conservation Awards 2024,” said an official release...
Indian Exporters Call for Mandatory Carbon Emission Disclosures in Steel Industry
Indian engineering goods exporters have urged the government to mandate carbon emission disclosures from steel manufacturers to align with the European Union’s Carbon...
Centre Pledges ₹10,000 Crore for Visakhapatnam Steel Plant Revival
The Union government has assured financial assistance of ₹10,000 crore for the revival of Visakhapatnam Steel Plant (RINL-VSP) by January 15, 2025. Union...
DGTR Initiates Probe on Steel Safeguard Duty; Shares of Metal Companies Rise
Shares of metal companies, particularly steelmakers, witnessed gains in early trade as the Directorate General of Trade and Remedies (DGTR) began its investigation...
AM/NS India to expand supply of construction equipment steel with new hot strip mill
ArcelorMittal Nippon Steel India to Raise Availability of Construction Steels with the newly commissioned hot strip mill, the major steel company that is...
Steel Sector Outlook Positive: JPMorgan Sees Surge in Demand Post-Elections and Monsoon
Steel stocks were in the spotlight on December 11, following a positive outlook from global brokerage JPMorgan. The brokerage highlighted that although overall...
