India's Steelmakers

Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasekaran said. In the UK, the company has progressed toward low-emission steelmaking with the decommissioning of two blast furnaces at Port Talbot, paving the way to transition to state-of-the-art Electric Arc Furnace-based steelmaking by fiscal 2028, supported by 500 million pounds of UK government funding. In the Netherlands, the company is in discussions with the Dutch government for financial and policy-level support on our decarbonisation plan. Tata Steel has also launched a cost transformation programme, targeting savings of 500 million

Steel imports started dropping in the lead-up to the government's provisional safeguard duty - a measure aimed at protecting domestic producers from a flood of cheap imports

India, the world's second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional safeguard duty, on some steel imports for 200 days

Union Steel Minister H D Kumaraswamy has said that steelmakers need to collaborate with leading institutions like Indian Institute of Science (IISc) and IITs for research to create a globally-competitive and technologically-advanced steel industry. He said India's steel sector stands as the backbone of its industrial strength and a cornerstone of nation-building. "From skyscrapers to highways, railways to defence, steel powers our progress and fuels our ambitions." Speaking on the occasion of the National Metallurgists Awards ceremony here on Wednesday, he said: "To create a globally-competitive and technologically-advanced steel industry, our steelmakers need to collaborate with leading institutions like IISc and IITs (Indian Institutes of Technology) for research." Specialty steel, Kumaraswamy said, is also a crucial sector where research and innovation is the need of the hour. The Minister said that under the leadership Prime Minister Narendra Modi, the country is on a path t

The Indian Steel Association said in a letter, dated Aug 1, to the country's federal trade ministry that the proposed metallurgical coke import quota could hit the ramp-up of blast furnaces

The government is working on a policy for low grade iron ore beneficiation, a move that will increase the usage of iron ore with less iron content in steel production. Speaking to PTI, Steel Secretary Nagendra Nath Sinha said the Ministry of Steel along with the Ministry of Mines and the Ministry of Environment, Forest and Climate Change of India is working on the policy. When asked about the timeline, he said the policy on the beneficiation of low grade iron ore is expected to be completed within three months' time. "There may be some concessions on the royalty (on production of fines in the policy)," Sinha said without elaborating further. While lump ore or high-grade iron ore contains 65.53 per cent Fe (iron), fines are inferior grade ore and have 64 per cent and less Fe content. The use of iron ore with less iron content needs beneficiation which adds to the cost of steel production. Earlier, Union Steel Minister Jyotiraditya Scindia had asked the domestic steel industry to a

Steel companies have been facing difficulties in importing machinery from China and ensuring visa clearances for Chinese experts for more than six months

Acquisition is growth driver for AM/NS and its parent companies, ArcelorMittal and Nippon Steel, says Amit Harlalka

Imports from China have surged 88 per cent in the April to February period of the current financial year, which has "majorly impacted" domestic steel

The world's second-biggest crude steel producer aims to achieve its steelmaking capacity goal of 300 million tonnes by 2030, and aims to be a net zero emitter of greenhouse gases by 2070

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

India's crude steel production increased 25 per cent year-on-year to 66.91 million tonne during April-October period of 2021-22, according to the Economic Survey.

China has removed export tax rebates for 23 steel products. Export tax on key steel-making inputs pig iron and ferrochrome is set to rise

Rural off-take has taken a hit due to increased spend on health and lower incomes

The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year

JSW Steel on Thursday reported crude steel production of 4.08 million tonnes in the third quarter (October to December), marking a growth of 6 per cent quarter-on-quarter and 2 per cent year-on-year.

Private steel maker Jindal Steel and Power Ltd (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020

Micky Metals is holding back an expansion plan at its steel making plant in Bengal's in Birbhum district as "high power tariff" of the state-run electricity discom is making the project "unviable"

Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August

Rising Chinese demand, expected supply cuts in winter and global prices rising to above anti-dumping duty levels bode well for domestic companies