Iron And Steel Industry

India considering added tariff on steel to curb cheaper Chinese imports

The Indian government had in April imposed a 12 per cent temporary tariff for 200 days that lapsed earlier this month

Tata Steel Q2 preview: Here's what top brokerages expect from steel major

Tata Steel Q2 preview: Brokerages project consolidated revenue in the range of ₹53,000-55,800 crore, up marginally Y-o-Y, while Ebitda is likely to rise 38-67 per cent Y-o-Y to around ₹8,500 crore.

EU carbon levy may tilt steel trade away from India: Kuehne + Nagel's exec

In worst-case scenario, European importers could shift towards China, says Kuehne + Nagel's exec

APL Apollo fires on all cylinders; what's next for the stock? Find out here

Analysts at Nuvama noted that APL Apollo launched its new 'SG Premium' product line at around ₹49,500 per tonne to counter competition from secondary steel players.

InCred Equities upgrades Tata Steel to 'Add'; stock hits fresh 52-week high

On the bourses, Tata Steel shares rose as much as 1.91 per cent to hit a fresh 52-week high of ₹177.85 per share.

Tata Steel India's Q2 production rises 7% as furnace relining boosts ops

Boosted by operational normalisation post-furnace relining, Tata Steel India posted higher Q2 output and record retail deliveries amid strong domestic demand

India was net importer of finished steel in September, govt data shows

India exported 0.58 million metric tonnes of finished steel in September, up 47.6 per cent on the year, according to the data

Jindal Steel commissions 3 MTPA oxygen furnace at Odisha's Angul plant

Jindal Steel on Tuesday announced commissioning a basic oxygen furnace (BoF) of 3MTPA capacity as part of its ongoing over Rs 20,000 crore expansion project at Angul in Odisha. With the installation of the new BoF, the plant's crude steel making capacity has increased to 9 million tonne per annum (MTPA) from 6 MTPA earlier, Jindal Steel said in a statement. A basic oxygen furnace (BoF) converts molten iron or hot metal into steel using gaseous oxygen. The Naveen Jindal group company is in process of investing over Rs 20,000 crore to scale up the capacity of its Angul facility to 12 MTPA making it one the country's largest single location steel manufacturing unit. Jindal Steel said it has commissioned its 250 MT BoF converter at the Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity. "The new BoF is now running, and the first heat has been successfully tapped. This achievement marks a significant step toward Angul's goal of becoming a 12 MTPA steel-making pla

Usha Martin surges 5%, hits new high; Axis Securities sees more upside

Technically, Usha Martin stock is trading well above its 20, 50, 100, and 200-day SMAs, reflecting robust underlying strength and a favourable trend structure, says Axis Securities in a note.

ORB Energy teams up with Safal Group for large-scale solar in Kenya

Solar solutions provider Orb Energy on Friday announced its collaboration with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. The collaboration underscores the vital role of solar power in helping energy-intensive industries reduce their carbon footprint while ensuring long-term energy security and cost competitiveness, Orb Energy founder and CEO Damian Miller said in a statement. According to the statement, the Orb Energy, a solar energy solutions provider in India and Africa, has partnered with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. As part of this partnership, Orb Energy has successfully installed a 2.9 MW rooftop solar system at Mabati Rolling Mills' (MRM) Mariakani facility which is one of the largest rooftop solar installations in Kenya, Miller said. The system will generate approximately 4,200 MWh of clean electricity annually, the compa

JM Financial bets on Tata Steel, Hindalco, Jindal Steel ahead of Q2 show

Despite the soft quarter, JM Financial continues to highlight Tata Steel, JSPL, and Hindalco as top picks in the metals space.

Steel industry flags high input cost, seeks support for green transition

Demands include zero duty on natural gas, use of District Mineral Foundation and CAMPA funds

Need to look at extending safeguard duty, review levy: JSW Steel's Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

Clean tech no longer a choice but a necessity for steel sector: Kumaraswamy

Adopting low-carbon emitting technologies to produce green steel is no longer a choice but a necessity, Union Minister H D Kumaraswamy said as he emphasized on the urgency for taking steps towards decarbonisation. The Minister for Steel made the remarks addressing 'BigMint Future Steel Conclave' organised with a focus on innovation and usage of emerging technologies in the steel sector. The green steel taxonomy is shaping up well to provide clear guidance and incentives. Green steel and clean technologies are no longer a choice but a necessity, the minister said in a virtual address on Wednesday. "Under the visionary leadership of Prime Minister Narendra Modi our steel industry is on a fast track with the bold target of reaching 300 million tonnes capacity by 2030. Our commitment is not only expansion but also sustainability in line with our net zero by 2070 pledge," Kumaraswamy said. In December 2024, the government came out with the definition of Green Steel and urged the industr

US tariffs on steel, aluminium to have minor impact on India, says minister

Steel and Heavy Industries Minister HD Kumaraswamy's reaction comes even as industry leaders have raised concerns about potential trade diversions due to Trump tariffs

JSW Steel seeks ₹19,300 cr refund after SC cancels BPSL acquisition

Earlier this month, the Supreme Court cancelled JSW Steel's 2019 acquisition of BPSL, saying there were several non-compliances. The court also ordered that BPSL should be liquidated

India's dirty furnaces threaten global steel sector's net zero target

While China still dominates in terms of operating capacity, India is the most polluting steelmaker and has the largest pipeline, with more than 350 mn tonnes per year at various stages of development

Ashish Kacholia portfolio stock zooms 34% in 2 days on strong Q4 results

Man Industries (India) rallied 12% to ₹351.25 on the BSE in Tuesday's intra-day trade, extending its previous day's 20% up move after it reported healthy earnings for Q4FY25 and strong outlook.

Strong raw material strategy vital for growth, says Coal Minister Reddy

A robust raw material strategy is key to sustaining growth and the country must secure consistent availability of critical materials such as coking coal and iron ore, Union Minister G Kishan Reddy said on Saturday. Addressing the concluding day of the 6th edition of the India Steel 2025 Exhibition and Conference, hosted jointly by the Ministry of Steel and Ficci here, the Union coal minister also said that steel is the backbone of India's economic growth and key driver of the country's collective vision of Viksit Bharat. The three-day event saw the participation of over 1,000 delegates, over 200 exhibitors and featured nine sessions which included over 150 speakers from India and other countries, including the inaugural session, according to a release. During this period, three Memoranda of Understanding (MoUs) were also signed highlighting the growing opportunities and collaborations within the steel sector, it said. "If steel is the backbone of India's economy, then coal and mine

India urges firms to buy overseas iron ore, coking coal assets: Official

India, the world's second-largest producer of crude steel, aims to boost its overall steelmaking capacity to 300 million tons by 2030, up from about 200 million tons currently