steel manufacturing
NMDC Steel Hits 2 Million MT Crude Steel Production in First Full Operational Year
State-run mining giant NMDC Limited owns NMDC Steel Limited, its wholly-owned subsidiary, and its crude steel production in the financial year 2024-25 crossed...
Steel Mills Cut Production as Imports Surge, Trade Deficit Widens
In a development that could put upward pressure on domestic steel prices, key Indian steel makers, barring Jindal Steel and Power Ltd (JSPL) have...
Steel Exchange India Expands Production Capacity, Shares Surge
Steel Exchange India jumped 3.27% to ₹7.90 after the firm announced the completion of its expansion at the Visakhapatnam facility in the state of...
SAIL to Invest ₹30,000 Crore to Increase Rourkela Steel Plant to 9.4 MTPA by 2030
One of the first public sector steel plants in the country Rourkela Steel Plant (RSP)-is all set to undergo a massive expansion with...
Government Receives 73 Applications for Specialty Steel PLI Scheme
The Indian government has got 73 applications under the second round of the Production Linked Incentive (PLI) scheme for specialty steel. According to the...
SAIL Confident of Growth, to Invest $800 Million in New Rail Mill
In a bid to solidify India’s rail infrastructure, the state-run Steel Authority of India Limited (SAIL), has unveiled plans to invest around $800 million...
India Plans Tax on Some Low-Cost Steel Imports from China
Temporary levy of 15%-25% on China-origin steel imports within 6 months scrapped Steel Minister H.D. Kumaraswamy said the move was aimed at protecting local manufacturers...
India Steel 2025: Government and Industry Leaders Discuss Key Preparations
The ‘India Steel 2025′ preparations picked up pace with the Secretary, Ministry of Steel, Sri Sandeep Poundrik, leading a critical stakeholders’ meeting to...
Vizag Steel Plant Achieves Record Production Amid Financial Struggles
Though RINL, popularly known as the Visakhapatnam Steel Plant, is at its lowest level in terms of finances and yet continues to strive...
Union Budget 2025: Increase in PLI scheme for specialty steel
According to Finance Minister Nirmala Sitharaman on February 1, her eighth successive Union Budget allocated a sum of considerable measures to the production-linked...
