News Updates

• 

  Budget 2024: Steel industry cheers import duty cuts, continued infra push

  The government will remove the 2.5% basic customs duty on the import of ferronickel, a key raw material for stainless steel and other specialty alloys.Mumba....

  24-07-2024 Read More..

  ---

• 

  Steel prices may fall further on weak Chinese demand

  Steel prices have been declining since the beginning of the year across all markets and will likely be under pressure given the weak Chinese demand, analysts have sai....

  17-06-2024 Read More..

  ---

• 

  WorldSteel forecasts a 1.7% y/y recovery in steel demand in 2024

  «After two years of negative growth and severe market volatility since the COVID crisis in 2020, we see early signs of global steel demand settling in a growth trajectory....

  12-04-2024 Read More..

  ---

• 

  ‘Ore shortage’ hitting steel production, says sponge iron industry, seeks ban on exports

  India has been the world’s largest sponge iron-producing nation since 2003, and 30% of India’s steel production come via this route. ....

  13-03-2024 Read More..

  ---

• 

  Cheap Chinese steel likely to curb Indian exports next year

  India's steel exports for FY2022-23 stood at 6.72 million metric tonnes (mt), down about 50 percent year on year, while the imports were at 3-year high.....

  29-12-2023 Read More..

  ---

• 

  India net importer of steel in April-Nov as Chinese shipments reach 5-yr high

  NEW DELHI, Dec 27 (Reuters) - India turned a net importer of finished steel in the first eight months of the fiscal year that began in April with shipments from China reaching t....

  28-12-2023 Read More..

  ---

• 

  India's April-Oct steel imports from China at four-year high

  NEW DELHI, Nov 29 (Reuters) - India's finished steel imports from China touched a four-year high in the first seven months of the fiscal year that began in April, according to p....

  30-11-2023 Read More..

  ---

• 

  Citi raises iron ore price forecast to $140 on China stimulus

  The global mining industry is closely monitoring the shifts in iron ore prices as Citi analysts have recently upgraded their price forecast to $140 per tonne, fueled by expectat....

  23-11-2023 Read More..

  ---

• 

  Punjab CM lays foundation of 7.5 LTPA Tata Steel Plant in Ludhiana

  Punjab Chief Minister Bhagwant Mann laid the foundation of a steel plant in Ludhiana on Friday. The steel plant, owned by Tata group, is being made at a cost of ?2,60....

  21-10-2023 Read More..

  ---

• 

  Vedanta to sell all its steel assets by March 2024: Anil Agarwal

  India's Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday.The company began the revie....

  04-10-2023 Read More..

  ---