steel industry

New Delhi, March 16 Steel industry players, including JSW Steel and Tata Steel, have sought government intervention to remove supply chain constraints for ensuring the availability of propane gas for coated steel units, as supplies have been disrupted due to the West Asia crisis, according to...

In Mohali, HPCL-Mittal Energy Limited (HMEL) will invest ₹2,600 crore in the specialty and fine chemicals sector in Punjab, according to Lakshmi Niwas Mittal, a renowned industrialist, on Friday.HMEL will also enter the retail fuel sector and establish 500 retail outlets across the country, he...

Asansol, March 13 – Asansol-Durgapur, in West Bengal’s Paschim Bardhaman district, once one of eastern India’s most important heavy industrial belts with steel and engineering works, built on the Raniganj coalfield, has seen large-scale industrial decline, mine closures, and restructuring since...

New Delhi, March 12 The secondary steel industry has sought government intervention to address issues in the supply of industrial gases, warning that disruptions could lead to the closure of hundreds of units.India's steel industry uses Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas...

Steel Authority of India Limited (SAIL) has achieved a record sales of 18.24 million tonnes (MT) during the 11-month period from April to February. The Ministry of Steel announced that the company achieved its best-ever sales in the fiscal year 2026, with a 14% year-on-year growth. It also added...

New Delhi, March 8 The global steel industry, including India, is expected to face multiple market-related challenges in the coming days as the escalating crisis in the Middle East impacts fuel costs, which has led to increased freight rates, according to BigMint Research.Military tensions in...

Mumbai, March 6 – The Maharashtra government has set an ambitious target to increase the gross income of the industrial sector in the state from $123 billion to $1,500 billion by 2047.Chief Minister Devendra Fadnavis, while presenting the annual budget for 2026–27, stated that the state’s new...

Mumbai, March 6 At least 11 people, mostly workers, were injured in an explosion at a chemical factory in the Ratnagiri district of Maharashtra on Friday, police said.The explosion occurred at the Dr Khan Industrial Consultants (DKIC) unit, located in the Lote Parshuram MIDC (chemical zone)...

New Delhi, March 2 Japanese and South Korean officials raised concerns about Indian regulations on Monday, saying they are facing difficulties in shipping steel products into the domestic market.Speaking at an event organized by the Ministry of Steel, the government representatives sought...

Mumbai, February 26 – Chief Minister Devendra Fadnavis, in the state Assembly on Thursday, presented a picture of Maharashtra that is not only "participating" in India's growth, but is actively steering the nation's $5 trillion ambition.He outlined a comprehensive vision for the state's...

Jaipur, February 25 The Rajasthan Cabinet on Wednesday approved a series of key economic and industrial decisions, including the formation of a Revenue Intelligence and Economic Offences Directorate and a new industrial park promotion policy aimed at boosting investment and employment in the...

New Delhi, February 25 Jatinder Mehra, a veteran of India's steel and metals industry with a career spanning over six decades, died on February 24. He was 86 years old.Mehra was serving as the Vice Chairman of the Metals & Mining Division at Essar Group, where he provided strategic direction...

Washington, Feb 21 – US President Donald Trump defended his trade agenda forcefully after the Supreme Court curtailed his use of a key tariff authority, accusing unnamed "foreign interests" of influencing the justices, and announcing a new 10 per cent global tariff.Speaking at a White House...

Washington, February 20 – President Donald Trump said he threatened to impose a 100% tariff on French wine and champagne in order to force changes in global drug pricing, offering a vivid example of how he uses trade leverage to reshape international economic arrangements.Speaking at a steel...

Washington, February 20 – The United States bought less steel from the world in 2025, but significantly more from India.New figures released on Thursday show that overall US steel imports fell 12.6 per cent last year, even as shipments from India surged by more than 118 per cent, reflecting a...

New Delhi, February 18 Intelligent automation, digital twins, advanced analytics, and AI-driven process control systems will be critical to ensuring that India's steel growth remains globally competitive and environmentally responsible, Steel Secretary Sandeep Poundrik said on Wednesday...

New Delhi, February 18 State-owned SAIL has sought details from the fair trade regulator, CCI, regarding a notice related to alleged cartelization by steel manufacturers, a company official said on Wednesday.There is a notice regarding the matter, but the company has no details available, the...

Mumbai, February 14 Union Minister Piyush Goyal said on Saturday that the interim trade agreement reached between the Centre and the US will include India's energy requirements and will help it secure crude oil at more competitive prices.Speaking to reporters here, the Commerce and Industry...

New Delhi, February 13 RHI Magnesita posted over a 29 per cent increase in consolidated net profit to Rs 61.55 crore for the December quarter, driven by revenue growth.The company had reported a net profit of Rs 47.53 crore in the October-December period of the preceding 2023-24 financial...

New Delhi, February 9 Union Steel Minister HD Kumaraswamy launched the third round of the Production-Linked Incentive (PLI) Scheme for Specialty Steel on Monday, aiming to add 8.7 million tonnes of capacity for upgraded alloy steel.In this regard, around 85 MoUs were signed between 55...