Steel Production

Steely resolve under pressure: Buoyant demand fails to lift steel prices

Buoyant demand has failed to push steel prices amid an increase in production and imports, threatening to slow expansion plans and limit companies' ability to reinvest in capacity addition

Steel prices hit 5 yr low; weak trend may persist in near term: BigMint

Domestic steel prices have slumped to a five-year low, trading in the range of Rs 47,000-?48,000 per tonne impacted by multiple factors, including surging imports, as per market data from BigMint. Hot rolled coil (HRC) prices are hovering around Rs 47,150 per tonne, while re-bar (TMT) is quoted in the range of Rs 46,500-47,000 per tonne in the wholesale market. The last time prices were at such levels was in 2020, when HRC was trading at Rs 46,000/tonne levels and rebar at Rs 45,000/tonne amid the pandemic slowdown. The current decline is largely attributed to weak export demand, rising imports, and an oversupply in the global market. India's steel exports have fallen sharply, pressured by aggressive export pushes from countries like China, while imports are still active, despite several measures introduced by the government. Falling prices amid rising imports is a matter of concern as inbound shipments are increasing despite several measures introduced by the government. Taking

RBI warns cheap steel imports, dumping threaten India's domestic producers

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping

Tata Steel Q1 output slips on maintenance; retail, auto deliveries grow

Tata Steel reported lower Q1 production in India, but saw strong growth in automotive, retail, and online sales. European operations remained steady

India extends curbs on low-ash met coke imports for six more months

India has extended import curbs on low-ash metallurgical coke, a key steelmaking input, from July 1 to December 31, 2025, to regulate supply and trade

JSW Steel Q4 net up 15.7% to ₹1,503 crore on lower coking coal prices

JSW Steel posts 15.7 per cent YoY rise in Q4FY25 profit to ₹1,503 crore on better margins and lower coking coal costs, but FY25 profit drops 60 per cent

Vance heralds 'industrial renaissance' at South Carolina steel plant

Vice President JD Vance visited a steel plant in South Carolina on Thursday as he heralded the launch of an industrial renaissance in the US, in part due to President Donald Trump's moves to boost domestic industry. Vance made the trip to Nucor Steel in Huger as part of the administration's events marking Trump's first 100 days in office. I hope every single one of you, you guys in front me, feel a sense of pride, because these are the products that actually make America work, Vance told several hundred guests and Nucor steel workers gathered on a gravel lot outside one of the buildings at the company's sprawling facility. These are the products that make our citizens' lives better. Nucor's corporate leaders have cheered Trump's tariff policies, which have shaken the global economy and proved less popular with other business leaders. The company's stock rose 6% per cent when the Trump administration announced new tariffs on imported steel, though the price has fluctuated since. Af

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

Govt tightens steel procurement rules to favour domestic manufacturing

The new rules under the "Domestically Manufactured Iron And Steel Products Policy 2025" mandates all agencies under government to prioritise locally manufactured iron and steel products

Domestic steel prices rise but looming global trade war sparks concerns

It is widely anticipated that the 25 per cent tariff imposed by the US from March 12, 2025, will lead to trade diversion and increased imports into India

Hindustan Zinc on track to double metal production to 2 MTPA: Chairperson

Vedanta Group firm Hindustan Zinc aims to double its metal production to two million tonnes per annum (MTPA) within the next five years, Chairperson Priya Agarwal Hebbar said. "With India's expansion in steel capacity and a strong focus on infrastructure, Hindustan Zinc is on track to double its production to two MTPA by 2030, as our zinc plays a critical role in steel galvanisation," Hebbar said in a letter to shareholders. The company's current metal production capacity is 1.1 MTPA. The company, she said, is also expanding into critical minerals and has been declared the preferred bidder for several blocks across the country. Hindustan Zinc's roaster and fertilizer plant projects are on track, strengthening its growth pipeline. "Our record-breaking production numbers are backed by highly digitalised and automated operations that continue to set industry benchmarks. Be it our tele-remote operations allowing us to operate underground mines from the surface or advanced robotics in

Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka

Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk

Brokerages split after JSW Steel Q3 results miss estimates; share down 4%

JSW Steel reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24

Tata Steel Q3 preview: Analysts estimate losses; revenue may fall up to 7%

On the bourses, Tata Steel shares closed 0.38 per cent lower at Rs 130. In comparison, BSE Sensex settled 0.43 per cent lower at 76,190.46 levels, on Friday, January 24, 2025

Finished steel imports hit six-year high in April-December, up 20% YoY

The country remained a net importer of finished steel during April-December, with exports slumping 24.6 per cent

Tata Steel's crude steel production rises 6% to 5.68 mn tonnes in Q3FY25

Steel major Tata Steel on Tuesday said its crude steel production in the country grew by six per cent to 5.68 million tonnes in the third quarter of the current fiscal. The company's crude steel output was 5.35 MT in the corresponding quarter of the previous fiscal. "Tata Steel India crude steel production stood at 5.68 million tonnes. Production was up eight per cent quarter-on-quarter and six per cent year-on-year, aided by the commissioning of the five MTPA blast furnaces at Kalinganagar in September," the steel firm said in a regulatory filing. Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent year-on-year, due to steady sales in the domestic market and strategic presence in exports. Tata Steel Netherlands reported liquid steel production of 1.76 million tonnes for the third quarter with deliveries at 1.53 million tonnes. "Deliveries include volumes to UK operations of around 0.12 million tonnes. For nine months of FY25, deliveries were up 16 per cent

JSW Steel partners with BHP, Carbon Clean to work on capture technology

JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates. "JSW Steel, BHP and Carbon Clean are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation. "Under the agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 1 lakh tonne per year of CO2 emissions," JSW Steel said in a statement. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an ..

Centre starts talks for retaliatory measures against EU steel tariff

Trade bloc to continue with tariff imposed on Indian steel since 2018

From Parle Products to Dabur, consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

Steel maker Rudra Global Infra to set up 30 MW solar plant at Rs 190 cr

Steel maker Rudra Global Infra Products on Friday said the company will invest around Rs 190 crore to set up a 30 megawatt captive solar project in Gujarat. The solar plant is scheduled to commence operations by January 2025, the company said in a statement. "The first phase of the project entails a capital expenditure of Rs 190 crore, with 80 per cent of the funding secured through financial institutions over a five-year tenure. The remaining 20 per cent will be invested by the company," the statement said. The clean power generated will be primarily utilized to meet the energy requirements of the company's existing billet and TMT bar manufacturing operations. This initiative is expected to increase the capacity utilization of the SMS (steel melting shop) division from the current 33 per cent to 50 per cent. With the project, the company aims to produce 1 lakh tonne of billets and 2.1 lakh tonne of TMT bars annually. "By harnessing solar energy, we aim to significantly reduce our