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Industry Updates

Small steelmakers cheer input cost cut as big rivals fret over export duty

19 June 2022

Small steelmakers cheer input cost cut as big rivals fret over...

It’s a tale of contrasting fortunes in the Indian steel industry since last month’s revision of import and export duties on key raw materials and finished goods...

Icra revises outlook on steel sector to stable from positive

16 June 2022

Icra revises outlook on steel sector to stable from positive

Ratings agency NSE 1.00 % on Thursday said it has revised its outlook on the domestic steel to stable from positive, mainly on the account mounting input cost amid low steel rates....

Centre waives import duty on some raw materials for steel industry

May 21, 2022

Centre waives import duty on some raw materials for steel industry

The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the...

Govt mulls scrapping requirement of forest clearance for exploration of blocks

May 26, 2022

Govt mulls scrapping requirement of forest clearance for exploration of blocks

The mines ministry has proposed to do away with the requirement of obtaining forest clearance for exploration of mineral blocks...

Arcelor Mittal Nippon Steel India announces Rs 1,000 crore additional investment in Andhra

May 25, 2022

Arcelor Mittal Nippon Steel India announces Rs 1,000 crore...

Steelmaker ArcelorMittal Nippon Steel (AMNS) India will invest an additional Rs 1,000-crore in Andhra Pradesh to expand its pellet plant...

Mining body calls iron ore export duty hike self-defeating

May 23, 2022

Mining body calls iron ore export duty hike "self-defeating"

The increase in export taxes on iron ore, announced by the Indian government over the weekend, will lead to large surpluses at home...

Increase in India's export duties on iron ore, pellets to raise costs for steel mills: Moody's

May 24, 2022

Increase in India's export duties on iron ore, pellets to raise...

India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills...

Copper price may drop to Rs 720 per kg in FY23: Crisil

May 12, 2022

Copper price may drop to Rs 720 per kg in FY23: Crisil

Domestic copper prices, which had increased sharply over the past year, may drop gradually to average Rs 720-725 per kg in 2022-23...

With the duty, steel companies are forced to vacate export markets... our loss is China's gain

May 26, 2022

With the duty, steel companies are forced to vacate...

Steel prices in India had already corrected 10% in line with global trends when the government surprised the industry with a...

Domestic steel industry hit by moving train post govt's duty measures: ICRA

May 23, 2022

Domestic steel industry hit by moving train post govt's...

The domestic steel sector has been "hit by a moving train," ratings agency Icra said reacting to the duty-related measures taken by the...

Industry news / Most recent

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

18 May 2023

EU nears critical materials agreements with Argentina and Chile..

The European Union is working on deals with Argentina and Chile that will widen its access to critical minerals and metals such as lithium needed for electric-vehicle batteries as part of its goal of creating a less carbon-intensive economy.........

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

30 March 2023

Commodity Talk: Base metal prices likely to remain range ..

While it could be a case of too little too late, as the global economy has already moved into a slow-down mode, the immediate aggressive turnaround in metal prices is unlikely. We could witness range-bound action in metals with a positive bias.........

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

28 March 2023

Indian Railways plans to expand network to Arunachal's Tawang

There is an umbrella project of border and hilly area connectivity projects worth Rs 1.20 lakh crore aiming to connect some important towns and border areas of Arunachal Pradesh, Manipur, Mizoram, and Sikkim........

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

27 March 2023

Deep-sea mining for rare metals will destroy ecosystems, say scientists

An investigation by conservationists has found evidence that deep-seabed mining of rare minerals could cause “extensive and irreversible” damage to the planet.......

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

23 March 2023

New Technique Developed Shows Promise For Locating Deposits Of Critical Metals

A new technique developed by University of Oxford researchers could help locate new deposits of critical metals needed to enable the green-energy transition......

India's mineral output rises 8 per cent in April

21 March 2023

Bechtel to build EV charging infrastructure

There is increasing demand for EV batteries and infrastructure throughout the U.S. and projects across the EV spectrum are receiving billions in federal funding.....

India's mineral output rises 8 per cent in April

20 March 2023

UAE Metallurgy and Foundry industry set to reach nearly $10b by 2025

The minerals and metals industry is estimated to grow at a rate of over 3 per cent, touching an estimated value of nearly $10 billion by 2025, industry experts said at a press conference in Dubai.....

India's mineral output rises 8 per cent in April

16 June 2022

India's mineral output rises 8 per cent in April

"As per the provisional figures of the Indian Bureau of Mines (IBM), production level of important minerals in April includes coal at 665 lakh tonnes, lignite 40 lakh tonnes, natural gas....

Tata Steel unveils green investment plan for UK steel tube mill

13 June 2022

Tata Steel unveils green investment plan for UK steel tube mill

"Tata Steel NSE 2.77 % has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions....

Steel industry seeks government intervention to check coking coal price

12 June 2022

Steel industry seeks government intervention to check coking coal price

At the current price range, the industry expert said, the cost of coking coal alone in steel making is around Rs 28,000 to Rs 30,000 per tonne, which works to about 40-45 per cent of the production cost. Besides, there are other....

Welspun Corp's associate firm gets Saudi Riyal 490-mn order to supply steel pipes

3 June 2022

Welspun Corp's associate firm gets Saudi Riyal 490-mn order to supply steel pipes

"WCL is on an aggressive roadmap towards strengthening its water infrastructure portfolio both in India and globally. The receipt of this new contract by our associate company, EPIC, is a testament to that, as we continue to solidify our leadership....

Steel Rates Go Down Further, Bizmen Happy

05 June 2022

Steel Rates Go Down Further, Bizmen Happy

Ludhiana: With little less than two weeks of the Centre taking measures of duty imposition on export of certain steel and waiving off import duty from...

Manufacturers in fix as customers demand discount

31 May 2022

Manufacturers in fix as customers demand discount

Ludhiana: Engineering products manufacturers of the city are in a soup due to the decrease in the rates of steel...

Taparia Tools Expanding With Strong Product Line

May 29, 2022

Taparia Tools Expanding With Strong Product Line

The Mumbai-based company has 75% market share of the organised hand tool market in India. Taparia Tools Ltd (TTL) is a 53-year-old manufacturer...

Excise Duty Reduction To Help In Bringing Down Logistics Cost: Exporters

May 22, 2022

Excise Duty Reduction To Help In Bringing Down Logistics Cost...

Federation of Indian Export Organisations (FIEO) President A Sakthivel said these measures will bring down the domestic prices of key...

Power outage: Jalandhar MSMEs' new struggle

May 20, 2022

Power outage: Jalandhar MSMEs' new struggle

With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over...

India To Make Rapid Investments To Modernize The Defence Sector

18 May 2022

India To Make Rapid Investments To Modernize The Defence Sector

The second day of CII EXCON focused on the technological superiority in the defence sector and how it is going to be the decisive factor in future battles...

Tata Steel says govt's export tax decision could alter output targets

May 24, 2022

Tata Steel says govt's export tax decision could alter output targets

T. V. Narendran, chief executive of India's biggest steelmaker by revenue, said that while Tata Steel understood the inflationary...

JSW Infra commissions Rs 1,300-cr Paradip East Quay coal terminal

May 24, 2022

JSW Infra commissions Rs 1,300-cr Paradip East Quay coal terminal

JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of...

Auction of mineral blocks stabilised in country; 186 mines put on sale so far

May 25, 2022

Auction of mineral blocks stabilised in country; 186 mines...

The government on Wednesday said the auction of mineral blocks has stabilised in the country as 186 mines have been put on sale...

Ten steps the government has taken recently to cool prices

May 25, 2022

Ten steps the government has taken recently to cool prices...

The government responded to high inflation in the economy by announcing a series of steps to cool prices and cushion the impact on the...

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