Steel Industry News

India has emerged as the second largest steel producer with a production capacity of 178 million tonnes and an output of 144 million tonnes in FY24. This figure is....

The EU Emissions Trading System (ETS), launched in 2005, is a key part of the European Union's climate change strategy and remains the world's largest carbon market. Under the....

Jindal Steel & Power (JSPL) and Jindal Renewables to invest in green hydrogen production for steelmaking at Angul, Odisha. JSPL plans to incorporate green hydrogen in its Direct Reduced....

ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, announced the launch of Magnelis, a steel brand known globally for its corrosion resistance and....

MSME Concerns:

Micro, small and medium enterprises (MSMEs) are raising concerns over a proposed increase in import duties on steel. They say the increase could have a significant impact on....

According to a report by ICRA, India’s domestic steel consumption is expected to grow by 9-10% in FY2025. The first quarter of FY2025 saw a 15% YoY growth in....

Proposal for decarbonisation: The Ministry of Steel has outlined a substantial proposal of Rs 23.52 lakh crore aimed at decarbonising the steel industry. This initiative is part of the....

According to a report by ICRA, India’s domestic steel consumption is expected to grow by 9-10% in FY2025. The first quarter of FY2025 saw a 15% YoY growth in....

The Ministry of Road Transport and Highways (MoRTH) is focusing on the use of stainless steel in bridge construction to combat corrosion, a growing problem linked to climate change.....

Pipeline manufacturers in Kutch, Gujarat, are urging the Indian government to ease restrictions on steel imports to support the growth of the region’s pipeline industry. The Line Pipe Manufacturers....