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Steel Production

India needs to develop 300 million tons of steel capacity by 2030: Steel Secretary

India needs to develop 300 million tons of steel capacity by 2030: Steel Secretary

Wed, Nov 20, 2024

Talking about the import of steel in recent months, the Steel Secretary highlighted the dumping in the international markets, which is impacting the steel prices in the international markets.

India steel production to cross 300MT by 2030: Secretary Nagaendra Nath Sinha

India steel production to cross 300MT by 2030: Secretary Nagaendra Nath Sinha

Sat, Jul 27, 2024

He stated that some steel makers were not reporting production and sales data accurately, and the ministry feels there are gaps.

JSW Steel production declines in May due to maintenance shutdown

JSW Steel production declines in May due to maintenance shutdown

Mon, Jun 10, 2024

The crude steel production was lower year-on-year mainly due to a planned maintenance shutdown for one of the Blast Furnaces at Dolvi, the company said. The Blast Furnace has been restarted in the first week of June. Capacity utilisation at its India operations stood at 86 per cent in May.

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Government eyes hydrogen-based process for steel production to cut carbon emissions

Government eyes hydrogen-based process for steel production to cut carbon emissions

Fri, May 17, 2024

To address these challenges, Sinha mentioned the ongoing efforts of a task force comprising the Ministry of Mines and the Ministry of Environment, Forest and Climate Change which is focused on encouraging the beneficiation of low-grade iron ore to improve its suitability for steelmaking.

India's steel production grows 11% to 11.7 MT in November; global output at 145.5 MT: World Steel Association

India's steel production grows 11% to 11.7 MT in November; global output at 145.5 MT: World Steel Association

Sun, Dec 24, 2023

The global steel production in November was at 145.5 MT, 3.3 per cent up over same month in 2022. The world output rose marginally by 0.5 per cent to 1,715.1 MT in January-November 2023, worldsteel said.

India's steel capacity crosses 161 million tonnes mark: Secretary Nagendra Sinha

India's steel capacity crosses 161 million tonnes mark: Secretary Nagendra Sinha

Tue, Nov 07, 2023

India's steel capacity has crossed 161 million tonnes and the industry is poised for continued growth, Steel Secretary Nagendra Nath Sinha said.

Major Announcement Expected: Financial Package on the Horizon for Tata Steel's UK Plant

Major Announcement Expected: Financial Package on the Horizon for Tata Steel's UK Plant

Tue, Aug 29, 2023

Big news for TataSteel! Economic package for UK plant may be announced soon, British PM will meet with #RishiSunak in September, See full details in this video

After doubling production in last 8 years, India world's 2nd largest producer of steel

After doubling production in last 8 years, India world's 2nd largest producer of steel

Tue, Dec 20, 2022

Steel Minister Jyotiraditya Scindia said India intends to double its steel production to 300 million tonnes per annum by 2030.

Steel industry hails govt decision to cut export duty on steel products

Steel industry hails govt decision to cut export duty on steel products

Mon, Nov 21, 2022

As per a finance ministry notification issued late night on Friday, exports of specified pig iron and steel products as well as iron ore pellets will attract 'nil' export duty.

RINL achieves record turnover in FY 2021-22, says CMD Atul Bhatt

RINL achieves record turnover in FY 2021-22, says CMD Atul Bhatt

Thu, Sep 29, 2022

High-end value-added steel production increased by 29 per cent over the previous year. Based on the customer requirements, 22 new grades of steel were developed during the year, the CMD said.

Will govt cut export duty on steel? Union Minister Jyotiraditya Scindia drops big hint

Will govt cut export duty on steel? Union Minister Jyotiraditya Scindia drops big hint

Tue, Sep 20, 2022

The matter is being discussed at the highest level, Union steel minister Jyotiraditya Scindia told reporters at the National Management Convention organised by the All India Management Association (AIMA).

Tata Steel's April-June quarter output at 2.94 MT

Tata Steel's April-June quarter output at 2.94 MT

Sun, Jul 02, 2017

Production of crude steel at Tata Steel's Jamshedpur and Kalinganagar plants rose by over 16 per cent to 2.94 million tonnes (MT) in the first quarter of the current fiscal.

Cabinet approves National Steel Policy 2017; aspires to achieve 300MT capacity by 2030

Cabinet approves National Steel Policy 2017; aspires to achieve 300MT capacity by 2030

Wed, May 03, 2017

It seeks to enhance domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry.

Steel exports surge 150% in Feb, overtake imports

Steel exports surge 150% in Feb, overtake imports

Sat, Mar 11, 2017

Imports of total finished steel in the first 11 months of the current fiscal declined by 38.5% to 6.591 mt over same period of last year.

India's steel production in January grew 12%, beats China

India's steel production in January grew 12%, beats China

Wed, Feb 22, 2017

WSA concluded, "The crude steel capacity utilisation ratio of the 67 countries in January 2017 was 68.5%. This is 3.4 percentage points higher than in January 2016. Compared to December 2016, it is 0.9 percentage point higher."

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Thu, Feb 09, 2017

Moody's has projected Tata Steel's leverage to remain high in the coming quarters of 2017.

India ranks third in global steel production in 2016; World steel output grows 0.8%

India ranks third in global steel production in 2016; World steel output grows 0.8%

Wed, Jan 25, 2017

Global steel production grew 0.8%, at 1.62 billion tonne, in 2016, World Steel Association said. India's share increased from 5.5% in 2015 to 5.9% in 2016.

JSW Steel third quarter steel production grows 43%

JSW Steel third quarter steel production grows 43%

Mon, Jan 09, 2017

JSW Steel on Monday said that the company produced 43% more steel in the third quarter ended December 31, 2016 as against the same period of last year.

Steel imports decline by 39% during April-November: Steel Ministry

Steel imports decline by 39% during April-November: Steel Ministry

Tue, Dec 06, 2016

The data mentioned that the export of total finished steel during this period was up 53.3% to 4.23 mt vis-a-vis last year.

Output index of eight core industries rose by 6.6% in October

Output index of eight core industries rose by 6.6% in October

Wed, Nov 30, 2016

The eight core industries comprise nearly 38% of the weight of items included in the index of industrial production (IIP).

JSW Steel's shares drop as company reports 'best ever' production

JSW Steel's shares drop as company reports 'best ever' production

Fri, Sep 09, 2016

JSW Steel, on Friday, said that it produced 1.35 million tonne steel in the month of August 2016, its highest ever in any given month. The company said that crude steel production for the given month jumped 27% from 1.06 million tonne in the same month of last year.

India's core sector output grows 5.2% in June

India's core sector output grows 5.2% in June

Mon, Aug 01, 2016

The Indian infrastructure sector output in eight "core" industries (ECI) grew by 5.2 % in June compared with the same month last year and 2.8 % growth in May 2016, on the back of overall increase in production except in hydrocarbons, official data showed on Thursday.

Steel producers to urge China to cut output

Steel producers to urge China to cut output

Tue, Apr 19, 2016

Angry steel manufacturers in Europe have urged the EU to mirror the United States in punishing China with fresh tariffs, but the Brussels based bloc has so far proved reluctant to challenge Beijing more directly on the issue.

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