30-December-2024
Mills in Chhattisgarh dependent on NMDC for procuring iron ore Major producers in state have total output capacity of 15 mntpaIndia, the second-largest steel-producing country in the world, produced 144 million tonnes (mnt) of crude steel in fisca...
18-December-2024
Indian mills conclude over 10,000 tonnes of pig iron through auction Indian mills under margin pressureIndian mills have recently concluded over 10,000 tonnes (t) of pig iron purchases through auctions, which indicated a potential stabilisation in...
12-December-2024
DRI consumption up 10% y-o-y in 7MFY'25 Domestic scrap share rises, imports edge down Share of hot metal may rise 8% y-o-y in FY'25Morning Brief: India's production of crude steel increased by close to 4% y-o-y in April-October 2024 (7MFY'25) to ...
10-December-2024
Ministry of Steel projects biochar demand to reach over 30 mnt SAIL engaged in extensive R&D on biochar use in iron and steelmaking Blending target may be introduced in steel sector much like power sectorMorning Brief: The Ministry of Steel has c...
10-December-2024
Tight supply, price fluctuations support imports Australia remains largest supplierIndia's iron ore imports reached 1.19 million tonnes (mnt) in November 2024, marking a six-year high. Volumes witnessed a sharp hike of around 153% m-o-m against 0....
30-November-2024
Share of IF-EAF mills rises versus BF route Domestic scrap consumption pulls up volume Imported material becoming scarce & costlierMorning Brief: India's ferrous scrap consumption rose around 8% in the first 10 months of 2024 (10MCY'24) to over 2...
21-November-2024
- Heat waves, drought drive up power demand- Sponge makers ride slower SA export offers-Rainy season may hamper Indonesian importsMorning Brief: India's thermal coal imports rose a nominal 6% to 151 million tonnes over January-October, 2024 (10MCY'24...
21-November-2024
India is poised to emerge as the world's 3rd-largest economy by financial year 2030-31 (FY'31). India, the 2nd-largest steel producing country in the world today, is set to achieve a notable growth by FY'30, backed by strong economic development.In F...
21-November-2024
Ministry of Steel (MoS) adopts star-rating system for green steel MoS to lay down mandates for green public procurement projects Govt mulling directives on green steel use in sustainable energy infraMorning Brief: India's Ministry of Steel (MoS) ...
13-November-2024
As India's economy continues to grow, so does its demand for steel-a cornerstone for the country's infrastructure and industrial sectors. By 2030, steel demand in India is projected to reach unprecedented levels, creating both opportunities and chall...
13-November-2024
Longs fare better amid tighter supplies Flats feel higher raw material cost heat China factor may be crucial in short termMorning Brief: After wandering in negative territory for three weeks in a row, the BigMint India Composite Steel Index close...