steel sector news
Jindal Steel in Intensive Talks to Acquire Thyssenkrupp’s Steel Division
Jindal Steel International is in advanced talks with Germany’s Thyssenkrupp AG to acquire its steel division, aiming to strengthen its European presence and...
India’s Small Steelmakers Cut Production as Weak Demand and Monsoon Slowdown Hit Construction Sector
India’s small steel producers have cut output by nearly one third amid weak demand, falling prices, and monsoon disruptions, despite government tax cuts...
JSW Steel Sets New Record with 7.9 Million Tonnes Crude Steel Output in Q2 FY26
JSW Steel achieved record crude steel production of 7.9 million tonnes in Q2 FY26, driven by strong Indian operations and capacity expansion at...
Jindal Group Makes Takeover Offer for Thyssenkrupp’s Steel Division
India’s Jindal Group has made a takeover offer for Thyssenkrupp’s struggling steel division. The proposal focuses on green steelmaking, job security, and long-term...
JSW Steel Shelves Plan to Import Coking Coal from Mongolia Over Logistics Hurdles
JSW Steel Limited has now put on hold the plan to import coking coal from Mongolia, citing extremely difficult logistics in transporting the...
India Ramps Up Steel Sector Supply with Eight New Coking Coal Washeries
India is in motion to establish coking coal washeries of new capacity in a big way throughout the country and is constructing eight...
JSW Steel Acquires Odisha-Based Saffron Resources for ₹679 Crore in Expansion Push
JSW Steel Ltd has acquired a 100% equity stake in Saffron Resources Pvt Ltd for ₹679.34 crore, which the company intends to use...
AM/NS India Commissions Nation’s First Advanced High-Strength Steel Line for Auto Sector
With the inauguration of a newly commissioned Continuous Galvanizing Line (CGL), ArcelorMittal Nippon Steel India (AM/NS India) is now the only plant in...
JSW Steel Sees 8% Rise in Crude Steel Output in May, Logs 13% Growth YTD
JSW Steel Limited reported a consolidated year-on-year growth of 8% in its crude steel production for May 2025 to 2.273 million metric tonnes...
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...
