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Saturday, October 23, 2021

Steel

STEEL NEWS

Govt to notify PLI scheme for auto components, steel, textile: Official

June 03, 2021 4:04 pm

Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.

Low base effect propels March core sector output to 32-month high

May 01, 2021 1:57 am

The growth rate of the eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — was recorded at (-) 8.6 per cent in March last year.

Ind-Ra revises downwards outlook on steel sector to 'negative'

February 27, 2020 5:26 pm

The revision has been made seeing the steel demand growth expectations of 5 per cent and margin pressures led by iron ore price risks, India Ratings and Research (Ind-Ra) said in report.

Steel Minister seeks Japanese investment in fast-growing Indian steel market

February 24, 2020 2:35 pm

Union Steel Minister Dharmendra Pradhan also assured investors that India will provide necessary support to facilitate them in setting up businesses.

India's crude steel output rises 1.8 per cent to 111.2 MT in 2019: Global steel body

January 28, 2020 3:27 pm

Asia produced 1,341.6 million tonnes (MT) of crude steel in 2019, an increase of 5.7 per cent compared to 2018, according to the World Steel Association.

India's steel demand to slow down on weak auto, manufacturing demand: Moody's

December 03, 2019 12:14 pm

India will remain the world's second-largest steel producer behind China after having overtaken Japan in 2018, Moody's Investors Service said.

India's crude steel output falls 3.4 per cent to 9.089 MT in October: Report

November 27, 2019 12:32 pm

The country had produced 9.408 MT crude steel during the same month a year ago, the World Steel Association said in its latest report.

Per capita stainless steel consumption in India at 2.5 kg: ISSDA

November 18, 2019 6:37 pm

With the achievement of 2.5 kg per capita consumption level, India has reached an inflexion point and entered the league of countries where stainless-steel consumption is recorded on the higher side.

Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan

November 18, 2019 5:14 pm

The minister said the government has not fixed any incentive on sale of scrap. This will be governed by guidelines and market conditions prevailing at the time of sale of scrap.

Steel consumption in India set for quantum jump: Pradhan

November 06, 2019 4:51 pm

India's steel consumption is set for a quantum jump and investors should come forward and become a partner in the country's growth story, Union Minister Dharmendra Pradhan has said.