Steel Industry

The Centre has introduced a pricing mechanism for low-grade iron ore to make beneficiation viable, reduce royalty burden and ensure steady supply to the steel industry

Integrated stainless-steel manufacturer Mangalam Worldwide on Friday said global and domestic entities like QatarEnergy, BHEL, EIL and Gujarat State Fertilizers & Chemicals have empanelled it as approved vendor. These approvals, besides opening new revenue streams through diversification, strengthen the company's positioning across international energy, refinery, infrastructure, power and industrial sectors, paving the way for it to participate in high-specification projects and expanding its presence across global markets. "Our empanelment with globally recognised institutions is a strong validation of our product quality, manufacturing capabilities and operational reliability. As we expand our footprint across domestic and international markets, we remain focused on enabling such institutions with predictable delivery and timelines," said Chandragupt Prakash Mangal, Managing Director at Mangalam Worldwide Limited. The company's integrated model, he said, supports consistent ...

The Rs 800 crore plant in Khurda district is set to become the world's largest single-site refractory unit, catering to domestic industries and export markets across Asia

The new emissions reduction target has not been previously reported

Steel industry body seeks logistics roadmap, incentives and raw material linkages as Odisha targets 100 mtpa capacity within India's 300 mtpa goal

Chief Minister Mohan Charan Majhi asks industry to scale iron ore output and expand into mineral-rich districts to support Odisha's ambitious steel capacity target by 2030

Output rises 8 per cent year-on-year on Kalinganagar ramp-up, with domestic deliveries crossing 20 mt for the first time and strong growth across segments

Furnaces cool faster than they should as Howrah's foundry belt sputters, with West Asia tensions choking fuel lines, snarling cargo routes, and stretching workdays thinner

The talks are expected to ‌begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition

AM/NS India CEO Dilip Oommen will retire on June 30 after over two decades, with CFO Amit Harlalka set to take over as chief executive from July 1

AMNS India has begun work on a Rs 1.36 trillion steel plant in Andhra Pradesh, with plans to serve domestic demand and tap export markets through phased expansion

Jindal Stainless, the country's biggest stainless steel producer, had last week warned of possible shipment delays

The global steel industry, including India, is expected to face multiple market-related issues in the coming days as the escalating crisis in the Middle East impacts fuels cost that has lead to increased freight rates, according to BigMint Research. Military tensions in the region are increasing as both Iran, and the US, along with Israel, continue to attack each other. BigMint analysts said crude oil, LNG, and freight costs are rising simultaneously, transmitting cost pressure directly into steel and steel-related commodity markets. From an average of USD 70 a barrel before the war, crude oil prices have risen to about USD 90/per barrel, an analyst said, adding that the cost is expected to continue to rise in the coming days. War has also impacted freight cost, which jumped almost 40 per cent in recent times. In the absence of insurance cover, marine operators are also offering freight at non-negotiable prices as per the availability of the vessel. On the impact of the US-Iran ..

A senior steel ministry official says mandatory compliance under the Carbon Credit Trading Scheme will begin soon, as India moves to lower emissions and set plant-specific targets

With domestic demand strengthening and European prices firming after CBAM, Tata Steel appears past the worst of pricing pressures, with Q4FY26 expected to see sequential improvement

The Steel Ministry signed MoUs with 55 companies for 85 projects under PLI Scheme 1.2, committing Rs 13,203 crore in investments and 8.7 million tonnes of capacity addition

ArcelorMittal Nippon Steel India's flat steel products have received government-certified green steel status under the steel ministry's new taxonomy, helping customers cut Scope 3 emissions

Steel prices are moving up as mills hike HRC rates, aided by safeguard duty, higher exports and rising input costs, even as analysts remain cautious on how long the uptrend will hold

Steel and steel-linked companies are gearing up to mobilise around Rs 4,000 crore through IPOs over the next 12-18 months, buoyed by the government's decision to impose a three-year safeguard duty on select flat steel imports, merchant bankers said. The policy intervention follows a muted year for steel IPOs in 2025, when only a few mainboard listings came to market and several issues struggled to sustain post-listing performance. The safeguard duty, effective April 21, 2025, is expected to improve near-term pricing visibility for domestic producers by raising the landed cost of imports and reducing price undercutting. According to industry insiders, the policy intervention is bound to help revive several fundraising plans that were earlier deferred amid weak equity sentiment, softer demand and sustained import pressure. "Safeguard duty is expected to improve sector visibility and pricing discipline, which can help restore investor confidence. At the same time, companies that are

Higher output at Jamshedpur and Kalinganagar drove Tata Steel India to its best-ever quarterly production and deliveries in Q3FY26