Steel prices hit 5-year low! Value drops sharply; top factors for steep fall
Domestic steel prices have hit a five-year low, with HRC at Rs 47,150 and rebar between Rs 46,500-47,000 per tonne. This decline is driven by ...
Thyssenkrupp sale: Jindal Steel makes bid for German steel unit, group weighs green steel push and rival interest
Jindal Steel International has made a non-binding offer to acquire Thyssenkrupp’s struggling steel division, potentially reshaping the European steel market. Thyssenkrupp is carefully reviewing the ...
Indian steel earnings: Q2 margins likely to be hit by falling HRC prices
Indian steel producers are anticipated to experience weaker earnings in the second quarter of FY26 due to falling steel prices impacting margins. While easing raw ...
Steel capacity drive: Report projects coking coal demand to surge by 55% by 2030
India’s coking coal dependence is set to surge as the nation aims for 300 MT steel production by 2030. The government’s Atmanirbhar Coal Mission targets ...
JSW Steel Q1 results: Net profit jumps over two-fold to Rs 2,209 crore; crude steel output up 14% YoY
JSW Steel’s consolidated net profit more than doubled to Rs 2,209 crore in Q1, driven by lower expenses and increased volumes. While total income saw ...
Odisha mega projects: State approves Rs 1.51 lakh crore industrial push; over 62,000 jobs on the horizon
Odisha’s industrial sector is set for a major boost as the state government approved eight mega projects worth Rs 1.51 lakh crore. These ventures, spanning ...
Tata Steel new plant: $1.5-billion electric arc furnace facility to come up at Port Talbot; UK government gives 500 million pounds
Tata Steel is set to begin constructing its electric arc furnace (EAF) facility in Port Talbot, Wales, by July 2025, with production slated for 2027. ...
Supreme Court stays liquidation of Bhushan Power & Steel
The Supreme Court has halted the liquidation process for Bhushan Power & Steel (BPSL) following a plea from JSW Steel, whose resolution plan was previously ...
