Steel Industry
GST Penalty of ₹64.47 Crore Imposed on JSW Steel for Mining Rights Payments
JSW Steel Ltd. has been fined ₹64.47 crore by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty...
JSW Steel’s Crude Steel Production Up 5% YoY; US Operations Down 22%
JSW Steel Ltd. announced a 5% increase in its consolidated crude steel production for November, reaching 23.23 lakh tonnes. This is compared to...
Odisha Government Initiates Land Acquisition for ArcelorMittal’s Rs 1.02-Lakh Crore Steel Plant in Kendrapada
The Odisha state government has begun the process to acquire 383 acres of land for the first phase of ArcelorMittal Nippon Steel’s proposed...
MSME Engineering Exporters Concerned Over Proposed 25% Safeguard Duty on Steel Imports
MSME engineering exporters have expressed concerns over the government’s proposal to impose a 25% safeguard duty on steel imports, warning that it could...
Chinese Steel Flooding India Through FTA Loopholes: JSW Chairman Sajjan Jindal
Sajjan Jindal, Chairman of JSW Group, has raised alarms over the surging inflow of Chinese steel into India, largely facilitated through Free Trade...
Bajaj Steel Industries Begins Operations at New Nagpur Plant
Bajaj Steel Industries has commenced commercial production at its new state-of-the-art facility in Nagpur, Maharashtra. The plant, dedicated to the company’s infrastructure division,...
Leverage for Primary Steel Firms to Hit Five-Year High Amid Expansion: CRISIL
The net leverage of domestic primary steelmakers is expected to rise to a five-year high of over 3x this fiscal, driven by aggressive...
SAIL Partners with John Cockerill India to Revolutionize Green Steelmaking
The Steel Authority of India Ltd (SAIL) has entered a strategic partnership with John Cockerill India Ltd (JCIL) to adopt cutting-edge green technologies...
Steelmaking Revolution: India’s Scrap Consumption Rises 8% in 2024
India’s ferrous scrap consumption rose by 8% year-on-year in the first 10 months of 2024 (10MCY’24), reaching 28.08 million tonnes (mnt) compared to...
JSW Steel and SAIL Look to Mongolia for Coking Coal Imports Amid Rising Steel Demand
India’s leading steelmakers, JSW Steel and Steel Authority of India Limited (SAIL), are exploring coking coal imports from Mongolia as part of efforts...
