Page 8 of Steel industry

JSPL’s steel production rises in March quarter

Its sales also registered a growth of 8 per cent at 2.07 Million Tonnes (MT) in the January-March period, according…

April 18, 2022 12:36 IST

Rates of another important input, ferro silicon, have jumped from Rs 100 to more than Rs 250 in the past 4-5 months, he added.

Raw material price hike forces foundry industry to curtail production

Three important centres for the foundry industries, including Kolhapur, Belgaum and Rajkot have cut production by 50%, claimed Devendra Jain,…

April 16, 2022 02:30 IST

In 2023 also, India's steel demand growth will be the second highest at 6% after Germany which is likely to have a better 7.6% rate of growth in demand. Germany, however, consumes one-third of what India consumes annually.

At 7.5%, India’s steel demand in 2022 to be highest among major consumers

WSA, whose members produce 85% of the global steel, in its short-range outlook forecasted India’s steel demand at 114 million…

April 15, 2022 06:30 IST

Steel PLI scheme gets 27 registrations, three applications

“We are getting a good response and all of them are secondary players,” additional steel secretary Rasika Chaube said, but…

April 13, 2022 08:25 IST

Steel companies see robust demand in FY23

During April-February, India exported around 13 MT steel while its imports were 4.3 MT.

April 6, 2022 05:15 IST

The proposed policy of the government on secondary steel producers is likely to address some of the issues impeding their operations.

Ambitious capacity-expansion target: Govt formulating policy for secondary steel units

The decline in downstream steel units’ share in production is primarily because of constant decline in their capacity utilisation level.

April 5, 2022 04:10 IST

Steel capacity addition: New target 500 mtpa by 2047

The 300-mtpa production capacity was set out under the National Steel Policy (NSP), unveiled in 2017.

March 28, 2022 06:30 IST

PLI for specialty steel: Firms can apply till April 30

The objective of the PLI scheme is to promote manufacturing of specialty steel grades within the country and help the…

March 28, 2022 05:45 IST

Urgent need to move towards green steel: Steel minister Ram Chandra Prasad Singh

Speaking during the day-long National Conference on ‘Making India Atmanirbhar in Steel – Role of Secondary Steel Sector’, Singh said…

March 27, 2022 20:19 IST

"With the signing of this CEPA agreement, there will be further cooperation and collaboration between steel manufacturers of both countries and this will be a win-win (situation) for both," he said.

Reprocessing scrap will boost India’s steel production: Union Minister Ram Chandra Prasad Singh

Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier…

March 12, 2022 17:42 IST

Steel prices will continue to move up as Ukraine-Russia conflict hits supply chain, says source

The prices in the international market have moved up by around USD 135 a tonne and are moving up since…

March 8, 2022 13:57 IST

According to industry sources, the prices have been increased in the past few days and are expected to go up further in the coming weeks with the crisis deepening between the two countries.

Steel prices jump up to Rs 5,000 per tonne as supply chains hit amid Russia-Ukraine conflict

“The war is impacting the supply chain at the international level leading to an increase in input cost. Coking coal…

March 4, 2022 17:11 IST

In the case of hot rolled coil (HRC), for instance, the gap is now Rs 10,000/a tonne or 15%.

Russia-Ukraine war impact: Indian steelmakers set to make the most of alloy’s global price rally

Additionally, Indian steel units could get a fair share of the global markets ceded by Russia and Ukraine, particularly the…

March 4, 2022 05:00 IST

Ukraine war big chance for Indian steel companies to sell more to Europe, MENA nations: VR Sharma, MD, JSPL

Russia exports around 20 million tonne of steel per annum and Ukraine too has a similar level of exports. That…

March 4, 2022 01:00 IST

Stainless Steel is metal for ‘Nation building’; govt needs a vision document for stainless steel growth

Stainless steel is increasingly being used across industries. For instance, it is already making its presence felt in architecture, building…

February 18, 2022 15:22 IST

Budget 2022: Steel industry needs budgetary support, incentives to maintain growth trajectory in post Covid era

The timely and successful implementation of the various budget measures for steel industry will be critical while the rise of…

January 27, 2022 09:37 IST

PLI for specialty steel: Govt expects robust response from large firms

“As the scheme would be fund limited, in case the company fails to meet the committed threshold in any given…

July 31, 2021 06:15 IST

Ram Chandra Prasad Singh, steel minister

Specialty steel PLI scheme to help save forex: Steel minister Ram Chandra Prasad Singh

The project monitoring agency within the ministry will be appointed in the next few days and detailed guidelines will be…

July 29, 2021 07:15 IST

Related News

Aadhaar rule change 2025: New UIDAI update fees, PAN-Aadhaar link and KYC rules explained

Big Aadhaar update from November 2025: No document upload needed — UIDAI to verify details automatically

F-1 visa denied for applicant after single question at US Consulate

India agrees to cut Russian oil imports, US may slash tariffs to 15% under new trade deal: Report

India agrees to cut Russian oil purchase, open agriculture- Trump may reduce tariff to 15%: Report

Techie discusses move back to India amid Green Card concerns.

Techie plans return to India after 15 years in US amid green card uncertainty, says ‘want to move before…’

Asia Cup Trophy Controversy: India refuses award, PCB proposes special handover

Asia Cup 2025 Trophy row: PCB chief Mohsin Naqvi sends firm message to BCCI, says ‘If you want the trophy, we…’

Credit cover scheme for MSMEs to be compact, likely by Q4

India News29 min ago

The government will launch a credit guarantee scheme for MSMEs in the next quarter to assist them in dealing with US tariffs and other challenges. The scheme will cover 100% of loans given by lenders, excluding deliberate defaulters. The ECLGS has been successful in improving asset quality and reducing loan defaults. The formalization of MSMEs has also aided banks in accessing reliable data.

View all shorts