Page 5 - Steel Industry

Steel & ferro-alloy industry seeks Bengal CM's help over power tariff hike

Trade bodies in West Bengal's steel sector urge CM Mamata Banerjee to intervene as a steep power tariff hike by DVC threatens operations, jobs, and the survival of crucial industrial units in state

JSW Steel eyes Mongolia coking coal, cites logistics as key challenge

JSW Steel is keen to source coking coal from Mongolia but the company sees challenges from logistics point of view, a senior executive of the steel major said. Mongolia has been on the company's radar for exploring as a supply partner, but there are logistical challenges because it is a landlocked country, Arun Maheshwari, Director (Commercial & Marketing), said during an investor call. "As of now, we have not been able to take any quantity out of Mongolia," he said in reply to a question about sourcing coal from Mongolia. He said the challenge remains even if transportation is explored via countries in the neighbourhood of Mongolia like Russia and China. "(Coking coal) ...coming via Russia ...it is already very congested, and taking route from China is also a logistical constraint as of today," Maheshwari said, adding the company will continue to explore Mongolia as a source. "Our sourcing from Australia, Russia and US, Mozambique, Indonesia has been for long. So, it will ...

Tata Steel advances green steelmaking plans through major crane project

Tata Steel UK has taken another major step in its journey to produce green steel, with a new contract awarded to JASO Industrial Cranes, a leading manufacturer of process cranes globally. As part of Tata Steel's 1.25 billion pound investment in sustainable steel production at Port Talbot in the UK, JASO will supply seven high-capacity process girder cranes to support the operation of the plant's Electric Arc Furnace (EAF) facility. When fully operational in 2028, Tata Steel's Electric Arc Furnace will be one of the largest in the world and reduce the site's carbon emissions by 90 per cent - equivalent to five million tonnes of CO2 a year. Key components of the contract with JASO Cranes include 500-tonne capacity cranes for handling liquid steel ladles, essential for the efficient operation of the new steelmaking facility, two 80-tonne scrap cranes to feed the Electric Arc Furnace via an integrated conveyor system, ensuring a steady supply of raw materials, and two 35-tonne cranes fo

Steel ministry backs extension of import curbs on metallurgical coke

India, the world's second-largest crude steel producer, imposed quantitative restrictions in December on imports of low-ash met coke

BPSL issue one-off, will weigh opportunities on merit: JSW Steel's Acharya

The control (BPSL) is still with us currently. At present, we are focusing on the opportunity of looking at all legal remedies

India's finished steel imports fall 11.3% in Apr on slower China shipments

Finished steel shipments from China fell to 0.1 million metric tons in April, down 26.5 per cent from a year ago

May prefer fresh insolvency process, say Bhushan Power & Steel lenders

The tribunal was hearing a plea filed by BPSL's former promoter Sanjay Singhal, seeking enforcement of the Supreme Court's recent order directing the company's liquidation

Tata Steel capex guidance for this FY is ₹15,000 cr: Narendran & Chatterjee

TV Narendran and Koushik Chatterjee discusses a range of issues from the performance to debt reduction and capex

Tata Steel Q4 net profit jumps 112.7% to ₹1,301 crore on lower costs

Tata Steel reports 112.7 per cent YoY rise in Q4FY25 profit, aided by lower raw material cost; full-year profit at ₹3,420 crore after last year's net loss

JSW Steel to file review petition in SC on Bhushan Power & Steel resolution

Govt begins consultations after SC rejects JSW Steel's Rs 19,350 crore resolution plan for Bhushan Power and orders liquidation under IBC provisions

How Bhushan Power & Steel entered the 'dirty dozen' list of defaulters

The insolvency proceedings drew interest from major suitors, including Tata Steel Ltd. and Liberty House of the UK

JSW Steel likely facing hurdles in coking coal imports from Mongolia

The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was looking to bring in 75,000 metric tons

AM/NS India Q1 results: Ebitda down 67.6% to $101 mn, sales drop 20.2%

ArcelorMittal said that the first phase of AM/NS India's expansion at Hazira to 15 mt was "on track", with completion expected by the end of 2026

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

Steel industry's goal should be zero import and net export: PM Modi

Government projects have switched to using only domestically produced steel, Prime Minister Narendra Modi said while virtually addressing the India Steel 2025 conference

Safeguard duty to curb influx of steel import from select countries: ISA

The government's decision to impose a 12 per cent provisional safeguard duty on imported flat steel products will help curb "the influx of cheap imports, primarily from China, South Korea, and Japan", the Indian Steel Association (ISA) said on Wednesday. According to the industry body, these countries alone contributed around 78 per cent to the overall imports in FY25. "This measure aims to curb the influx of cheap steel imports, primarily from China, South Korea, and Japan," the ISA said in a statement. Further, ISA said India became a net importer of finished steel for the second consecutive year, with imports reaching a nine-year high of 9.5 million metric tonnes in 2024-25. ISA said that the DGTR has recommended this duty following an investigation initiated in December 2024. The probe revealed that the sharp increase in imports of non-alloy and alloy steel flat products was causing significant injury to domestic producers, it said. "We are grateful for the government's decis

In China's backyard, steel buyer Vietnam tries to stem tide of cheap metal

Vietnam's metal industry has grown to meet the needs of a country that is rapidly building out manufacturing capacity, metro networks, highways and new airports, along with most of Southeast Asia

Steel: Strategic backbone of India's industrial growth, eco transformation

The steel industry contributes directly over 2% of India's GDP

Govt imposes 12% safeguard duty on some steel products for 200 days

The finance ministry excluded developing countries from the safeguard duties other than China and Vietnam

AM/NS India targets 70% of its production to be 'green steel' by FY27

With India's new green steel taxonomy expected to be implemented in FY27, AM/NS is confident in its ability to lead the Indian green steel industry