📎 Steel News

ℹ️ Latest steel industry news.

🇮🇳 National News 🌎 International News

🔁 Reset news feed

India’s Mishra Dhatu Nigam sees 5% rise in net profit in Q1 FY 2023-24
MIDHANI operates plants for forging and ring rolling, heat treatment, hot rolling and cold rolling, bar and wire units, and is a major supplier of super alloys and special steel to strategic sectors like defense production, aerospace and nuclear power plants.63 million), up 60 percent year on year.The company achieved total sales revenues of INR 1.95 billion ($23.

🇮🇳 India · 🗓️ August 11, 2023 · Steel

WhatsApp Facebook Messenger Linkedin Telegram Twitter

India’s Shyam Century Ferrous Limited sees 70% fall in net profit in Q1 FY 2023-24
95 million), a rise of 21 percent over the corresponding quarter of the previous year.The company reported a total sales income of INR 410.The company operates a plant with a production capacity of 21,600 mt of ferrosilicon, along with a 14 MW captive power plant, in the north eastern state of Meghalaya.18 million ($4.

🇮🇳 India · 🗓️ August 11, 2023 · Steel

WhatsApp Facebook Messenger Linkedin Telegram Twitter

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

WhatsApp Facebook Messenger Linkedin Telegram Twitter

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

WhatsApp Facebook Messenger Linkedin Telegram Twitter

PLI 2.0 in works for steel, to focus on import substitution
The government has earmarked ₹6,322 crore for providing incentives to the steel sector under the PLI plan.Commenting on this, the steel secretary said: "New projects have been launched to address the requirement of freight traffic including the steel sector...Agencies"The steel ministry is pursuing with the Indian steel sector to take urgent initiatives to meet the domestic requirements of the Indian Railways," he said, adding that agreements have been signed by Steel Authority of India Ltd (SAIL) for asymmetric and hardened rail for the special grade requirements of the railways.Results of the scheme will be visible from 2026, Sinha said, responding to a query on the demand for steel products from the Indian Railways and the need for imports to meet them.Companies participating in the first phase of the PLI scheme for the sector have committed to an investment of ₹29,530 crore, with a downstream capacity addition of 24.

🇮🇳 India · 🗓️ August 11, 2023 · Steel

WhatsApp Facebook Messenger Linkedin Telegram Twitter

👀 Most Read

Y-38, Ground Floor, Loha Mandi, Block Y, Naraina Industrial Area Phase 1, Naraina, Delhi, 110028

+91-7217714976

info@steelonclick.in

Quick Links

Support Links

Newsletter