SteelIndustry
Chennai, Hyderabad, Bellary: Mixed Movements in Steel Prices
On November 19, 2024, the southern steel markets observed mixed trends, with billet and rebar prices showing slight declines across Chennai, Hyderabad, and...
Steel Companies Anticipate Improved Demand and Margins in Q3FY25
Steel companies are set for better performance in Q3FY25, driven by improved demand and stable pricing trends, according to a Centrum report. The...
Aditya Ultra Steel to Set Up Rs 15-Crore Solar Plant in Gujarat
Aditya Ultra Steel, a leading rolled steel products manufacturer, will establish a 5 MW solar power plant in Jasdan, Rajkot, Gujarat, to meet...
India to Launch Green Steel Star Ratings for Sustainable Infrastructure
India’s Ministry of Steel (MoS) has introduced a star-rating system to define and promote the production of green steel, a key initiative for...
Chennai Scrap Market Holds Firm Amid Limited Supply and Lower Steel Demand
The Chennai ferrous scrap market remains cautious as supply constraints and moderate demand continue to impact price trends. According to BigMint’s latest assessment,...
India’s Finished Steel Imports Surge to Seven-Year High
India’s finished steel imports reached a seven-year high of 5.7 million metric tons during April-October, according to provisional government data. This marks a...
NMDC Steel’s Q2 Loss Soars to Rs 595 Crore Amid Rising Expenses
NMDC Steel Limited reported a substantial net loss of Rs 595.37 crore for Q2 FY24, reflecting a significant rise from the Rs 131.10...
Adani Group Embarks on $5 Billion Metals Venture to Compete with Industry Majors
The Adani Group is poised to invest $5 billion in India’s metals sector over the next three to five years, marking its entry...
Hindalco Named World’s Most Sustainable Aluminium Company for 5th Year in a Row
Hindalco Industries Ltd., part of the Aditya Birla Group, has been named the world’s top sustainable aluminium company in the S&P Global Corporate...
India Expedites Visa Process for Chinese Experts in Steel Sector
India’s Steel Ministry is taking decisive steps to accelerate visa processes for Chinese technicians and experts essential for the Production Linked Incentive (PLI)...
