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India’s Rungta Mines orders two more high-speed bar and wire rod mills from Danieli
In addition, the new mills will increase Rungta Mines’ flexibility towards market demand.5-20 mm diameters.The mills will annually produce a total of one million mt of rebar with 8-40 mm diameters and wire rod with 5.In the third quarter of 2024, Rungta Mines plans to commission two new high-speed bar mills to be installed in the Chaliyama industrial area, Jharkhand, supplied by Danieli, as SteelOrbis previously reported.

🇮🇳 India · 🗓️ August 16, 2023 · Steel

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India’s Tata Steel Limited not keen on new acquisitions
5 billion in funding to decarbonize the operations of the UK mill.He said that there was no problem with production at the UK mill and that the only challenge was that the upstream assets were too old and the reliability of the equipment was “not so great”.The company is seeking £1.The disinterest in acquisition in effect rules out Tata Steel’s participation in bidding for the steel businesses of Vedanta Limited, NMDC Steel Limited’s (NSL) greenfield steel mill project or the privatization of government-run steel producer Rashtriya Ispat Nigam Limited (RINL).The Indian government has also decided to divest its controlling stake in the 3 million mt greenfield steel mill project of NSL Limited which has just commenced production and privatization of the 7.

🇮🇳 India · 🗓️ August 16, 2023 · Steel

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India’s NMDC Steel Limited fires up blast furnace of greenfield steel mill project
The 4,506 cubic meter blast furnace commenced operations with the loading of 1,700 mt of coke, 985 mt of sinter, 270 mt of iron ore and 245 mt of fluxes, the statement said.The Indian government has already approved privatization of the steel mill via the off-loading of a majority equity stake in the project in favour of private investors.The blast furnace was designed and built by Tata Projects Limited with technology supplied by Danieli Corus, Netherlands, and consultancy services from MECON Limited.

🇮🇳 India · 🗓️ August 16, 2023 · Steel

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India’s KIOCL Limited once again shuts down iron ore pellet plant
The company shall make an announcement as soon as the plant resumes operation, the regulatory filing said.This time, the company has cited a shortage of iron ore availability as the reason for the plant shutdown.In mid-July, the operations of the plant were resumed after a month-long maintenance shutdown.In May, KIOCL had also closed the plant for about a month.KIOCL Limited had shut down the plant twice in recent months.

🇮🇳 India · 🗓️ August 11, 2023 · Steel

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India’s steel exports up 35 percent in July, imports rise 32 percent
261 million mt in July this year, a marginal growth of three percent year on year.532 million mt, almost stable compared to the corresponding month of the previous year.However, India continued to remain a net importer of steel, importing 587,000 mt in July, a rise of 32 percent over the corresponding month of the previous year, the data showed.India’s total crude steel production in July this year has been estimated at 11.Domestic finished steel consumption has been estimated at 10.

🇮🇳 India · 🗓️ August 11, 2023 · Steel

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