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The Indian Steel Association (ISA) has formally approached the Odisha government to advocate for a prioritized allocation of iron ore for steelmakers based within the state. They want to make sure their expansion plans aren't derailed by shortages -- basically, raw material supply is the big risk hanging over the industry right now. On Tuesday, ISA's President and Member of Parliament, Naveen Jindal, led a group to meet Odisha Chief Minister Mohan Charan Majhi, to discuss the strategic necessity ...Read More >
NEW DELHI, April 9 (Reuters) - India's steel mills aim to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world's second-biggest producer of the alloy plans to more than double output, according to a document seen by Reuters. Under the proposed "National Steel Policy 2025", India aims to cut emissions from steel mills to 2 metric tons of carbon dioxide per ton of finished steel by 2035-36, according to a draft cabinet note dated March 10, revi ...Read More >
New Delhi: India's steel mills aim to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world's second-biggest producer of the alloy plans to more than double output, according to a document seen by Reuters. Under the proposed "National Steel Policy 2025", India aims to cut emissions from steel mills to 2 metric tons of carbon dioxide per ton of finished steel by 2035-36, according to a draft cabinet note dated March 10, reviewed by Reuters. ...Read More >
NEW DELHI, April 9 (Reuters) - India's steel mills aim to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world's second-biggest producer of the alloy plans to more than double output, according to a document seen by Reuters. Under the proposed "National Steel Policy 2025", India aims to cut emissions from steel mills to 2 metric tons of carbon dioxide per ton of finished steel by 2035-36, according to a draft cabinet note dated March 10, revi ...Read More >
New Delhi: India's steel sector has taken another step toward decarbonization as SAIL Bokaro Steel Plant begins a hydrogen injection project in its blast furnace. The initiative follows the signing of an agreement with Forbes Marshall Private Limited and aligns with the country's broader push for sustainable industrial growth. The announcement, shared by the Ministry of Steel, Government of India, highlights India's growing focus on reducing carbon emissions from heavy industries. Steel product ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
New Delhi, Apr 6 (PTI) State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high- ...Read More >
New Delhi [India], April 8 (ANI): The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country. Agarwal said on X that at the cu ...Read More >
Jindal Steel pioneers the use of syngas in its steel production processes, offering a sustainable solution to natural gas shortages and promoting energy efficiency in the steel industry. IMAGE: Photograph: Wolfgang Rattay/ReutersKey PointsJindal Steel has successfully deployed syngas in galvanising and colour coating line furnaces to mitigate natural gas, LPG, and propane shortages.The company is the first in the steel industry to use syngas in these finishing processes, ensuring continuous ope ...Read More >
New Delhi: Jindal Steel achieved a global first by establishing India's first coal gasification-based Direct Reduced Iron (DRI) plant, using syngas for iron-making. In response to shortages of natural gas, LPG and propane, Jindal Steel has successfully deployed syngas in galvanising and colour coating line furnaces, marking the first such application in the steel industry. Jindal Steel has also injected syngas into its blast furnace, reducing dependence on imported coking coal and lowering car ...Read More >
Mumbai, 6 April (Argus) -- Indian producer Jindal Steel has started using synthesis gas (syngas) at its galvanizing and colour coating units to offset natural gas and propane shortages, the company said today. Jindal was previously using syngas to produce direct-reduced iron (DRI), but has now extended its use to downstream operations, a spokesperson told Argus. The shift comes in response to shortages of natural gas and propane stemming from the US-Iran war, which has hampered India's coated ...Read More >
New Delhi: Jindal Steel is positioning itself at the forefront of India's energy transition in steelmaking by scaling coal gasification technologies across its operations. The company has achieved a global first by setting up India's first coal gasification-based Direct Reduced Iron plant, using syngas derived from domestic coal for iron-making. This move represents a shift away from conventional fuel sources and underscores a strategic push toward self-reliance. By tapping into indigenous coal ...Read More >
Rourkela Steel Plant (RSP), a unit of the Maharatna company Steel Authority of India Limited (SAIL), has registered its best-ever performance in 2025-26, achieving record output across key production units and setting new benchmarks in techno-economic efficiency. Sources said the plant posted its highest-ever April-March performance in blast furnace operations, with both blast furnace-1 and 5 recording peak production levels. Blast furnace-1 produced 10.7 lakh tonnes of hot metal, while blast f ...Read More >
New Delhi, Apr 2 (PTI) State-run iron ore producer NMDC has reported a record production of 53 million tonnes (MT) of ore in the just-concluded 2025-26. The company's total sales of iron ore, a key raw material for steel manufacturing, reached 50.23 MT. The company's production was 21 per cent higher compared to 44.07 MT in FY25, while sales grew 13 per cent from 44.40 MT in 2024-25. The PSU produced 5.35 million tonnes (MT) and sold 5.90 MT of iron ore in March. "NMDC...has achieved a histo ...Read More >
Visakhapatnam: RashtriyaIspat Nigam Limited (RINL) recorded a strong performance during the financial year 2025-26 compared to the previous year, achieving impressive growth across key production and sales parameters. Hot metal production reached 5.95 million tonnes, up from 3.91 million tonnes in 2024-25, registering a 52 percent growth. Liquid steel production increased to 5.69 million tonnes from 3.75 million tonnes, marking a 52 percent rise. Crude steel production stood at 5.43 million ton ...Read More >
Visakhapatnam, Apr 1 (PTI) The Rashtriya Ispat Nigam Ltd (RINL) or Vizag Steel Plant (VSP) recorded a strong performance during the financial year 2025-26, achieving significant growth across key production and sales parameters compared to the previous year. VSP Deputy General Manager (DGM) J Mallikarjun Rao said hot metal production reached nearly six million tonnes, up from over 3.9 million tonnes in 2024-25, registering a growth of 52 per cent, while liquid steel output rose to 5.6 million t ...Read More >
New Delhi: RINL recorded a strong performance during the financial year 2025-26, achieving significant growth across key production and sales parameters compared to the previous year. Hot Metal production reached 5.95 million tons, up from 3.91 million tons in 2024-25, registering a growth of 52 percent. Liquid Steel production increased to 5.69 million tons from 3.75 million tons, also marking a 52 percent rise. Crude steel production stood at 5.43 million tons as against 3.58 million tons in ...Read More >
Top iron ore miner Vale SA (NYSE: VALE) is aiming to boost its business in India by ramping up shipments to the country and seeking to trade its ore globally, tapping into one of the world's fastest growing steel markets. "India could be an opportunity not just for sales, but also to source iron ore, blend it and trade it -- finding better markets for their product," Commercial Executive Vice President Rogerio Nogueira said in an interview. The world's most populous nation has been a bright sp ...Read More >
NEW DELHI, March 27 (Reuters) - India will hold talks with Argentina, Indonesia and Oman next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore, and access technology, two sources with direct knowledge told Reuters. 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, said the sources who did not wish to be identified as the plan wa ...Read More >
Synopsis: Shares of this small cap stock surged 8% after Q3 results showed 60% QoQ net profit growth and revenue above Rs. 1,000 cr for the second consecutive quarter, driven by operational efficiency, 4PRO contracts, and automation initiatives. The shares of this company are in the business of manufacturing and marketing special refractory products, systems, and services to the steel industry in India and globally are in the spotlight after it rose by 8% following Q3 results with a 60 percent ...Read More >
New Delhi, Dec 17 (PTI) The domestic steel demand is estimated to grow by around 8 per cent in FY26, but softer steel prices will keep margins under pressure for producers, rating agency ICRA said on Wednesday. In a report, Icra projected the industry's operating margin to remain flat at about 12.5 per cent in FY26, lower than earlier expectations of an improvement. "While we project steel demand growth to remain healthy at 8 per cent for FY26, incremental supply has created a temporary surplu ...Read More >
MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. "By 2030, we will have at least 25-26 million tonnes. It could be a little more or less. It's simple math: Hazira plus Rajayepeta," he said. The 60:40 joint venture between Lakshmi Mittal-led ArcelorMittal and Japan's Nippon Steel, which has a capacity ...Read More >
Tata Steel shares: The company announced plans to boost domestic capacity by nearly 50%, including a 4.8-million-tonne addition, aimed at strengthening market leadership and securing long-term raw material supplies. Tata Steel shares are expected to be in focus on Monday, December 15, following the company's recent announcements related to large-scale capacity expansion in India and efforts to secure long-term raw material supplies. The steelmaker is planning to increase its domestic production ...Read More >
New Delhi, Nov 4 (SocialNews.XYZ) Union Steel and Heavy Industries Minister H.D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for specialty steel, according to an official statement issued on Tuesday. The Steel Ministry's PLI scheme has so far attracted a commitment for investment of Rs 43,874 crore, which is expected to create direct employment for 30,760 people and an estimated production of 14.3 million tonnes of specialty steel. As of Septe ...Read More >
New Delhi, Oct 21 (PTI) India's eight key infrastructure sectors' output stood at 3 per cent in September, slower than the 6.5 per cent expansion recorded in August, according to official data released on Tuesday. The core sectors' output growth was 2.4 per cent in September last year. In September this year, these eight sectors recorded the lowest growth in the last three months due to a fall in the output of coal, crude oil, refinery products and natural gas. The growth rate in the producti ...Read More >
Jindal Stainless has announced a $150 million investment to set up a second slag processing unit at its Jajpur facility in Odisha, in a 15-year partnership with Harsco Environmental. The plant will recover metals from industrial waste, supporting the company's expanded capacity and long-term circularity goals. Jindal Stainless has announced a $150 million investment for setting up a slag processing unit at its Jajpur facility, a second such unit that is being set up by the company, as per a rel ...Read More >
ANGUL: Jindal Steel which aims to produce 25 million tonne of steel by 2030 from its Angul plant, on Tuesday commissioned its 3 million tonne per annum (MTPA) basic oxygen furnace (BOF), adding another 3 MTPA of crude steelmaking capacity. With the new addition, the company's total capacity at Angul has jumped from 6 MTPA to 9 MTPA, bringing Angul closer to its goal of achieving 12 MTPA within the current financial year, a company official said. "The new BOF is now running, and the first heat ...Read More >
Bhubaneswar: Jindal Steel has successfully commissioned its 250 MT Basic Oxygen Furnace (BOF) converter at the Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity. With the first heat now tapped, the company's total capacity at Angul has increased from 6 MTPA to 9 MTPA -- bringing the plant closer to its goal of achieving 12 MTPA within the current financial year. The synchronised commissioning of Blast Furnace 2 and the BOF converter marks a significant milestone in India ...Read More >
Angul (Odisha) [India], September 30: Jindal Steel has successfully commissioned its 250 MT Basic Oxygen Furnace (BOF) Converter at the Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity. With the first heat now tapped, the company's total capacity at Angul has risen from 6 MTPA to 9 MTPA--bringing Angul closer to its goal of achieving 12 MTPA within the current financial year. Also Read | India Women vs Sri Lanka Women Free Live Streaming Online of ICC Women's Cricket Wo ...Read More >
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