Search For "steel demand"
Jindal Steel to Double Structural Steel Capacity at Raigarh to 2.4 MTPA
Updated : 2 months, 3 weeks ago IST
New Delhi [India], December 29: Jindal Steel today announced a significant expansion of its structural steel manufacturing capabilities at its Raigarh facility, under which the company will double its existing structural steel capacity from 1.2 million tonnes per annum (MTPA) to 2.4 MTPA by
Read More
ICRA flags margin pressure for steelmakers despite 8% demand growth in FY2
Updated : 3 months, 1 week ago IST
Domestic steel demand is expected to remain healthy at around 8 per cent in FY2026; however, continued weakness in steel prices is likely to keep operating margins of steel producers under pressure, according to a report by rating agency ICRA.
Read More
Infrastructure, construction sector leads steel demand in India, Governmen
Updated : 7 months, 2 weeks ago IST
According to market experts, 65 per cent of the steel produced in India is consumed by the infrastructure and construction sector, with 25-30 per cent of that used specifically in government projects.
Read More
India to outpace major steel-consuming economies with 8-9% demand growth i
Updated : 1 year, 2 months ago IST
India will continue to outpace other major steel-consuming economies in calendar year 2025 with a demand growth of 8-9 per cent, CRISIL's Market Intelligence and Analytics report said.
Read More
Synergy Steels Celebrates India's Affordable Housing Surge, Paving the Way
Updated : 1 year, 2 months ago IST
New Delhi [India], December 27: Synergy Steels, one of India's leading stainless-steel manufacturers, commends the remarkable growth forecast in the real estate and infrastructure development sectors. According to the joint report by The Confederation of Indian Industry (CII) and Knight Fran
Read More
Falling steel prices amid Chinese export surge, to reduce profits of compa
Updated : 1 year, 4 months ago IST
Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities.
Read More
Steel companies may see hiked demand, better margins in Q3FY25: Centrum re
Updated : 1 year, 4 months ago IST
Steel companies may see improved demand and better margins in quarter three of the current fiscal says a report by Centrum.
Read More
JSW and POSCO forge partnership to build 5 MTPA steel plant in India
Updated : 1 year, 4 months ago IST
According to JSW, the agreement establishes a framework for collaboration in steel production, battery materials, and renewable energy. This collaboration comes amid India's strong economic growth, which has spurred steel demand at a rate exceeding GDP growth.
Read More
Indian steel majors best-placed producers globally: Nomura
Updated : 1 year, 5 months ago IST
India's steel industry is set to expand significantly over the next few years, with plans to add around 23 million tonnes (MT) of crude steel capacity between FY24 and FY27, according to a report by Nomura.
Read More
Despite subdued global demand, Steel prices stable in India because of inc
Updated : 1 year, 6 months ago IST
The global steel market is currently facing subdued demand, exerting downward pressure on metal prices. However, the scenario in India remains different, as highlighted in a report by Shriram Mutual Fund.
Read More
India recognised as the global driver of steel demand growth
Updated : 1 year, 7 months ago IST
India has been recognised as the leading global driver of steel demand growth since 2021, according to a statement from the Ministry of Steel on Friday.
Read More
Higher infra spending, economic growth make India lucrative market for dom
Updated : 1 year, 9 months ago IST
Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand
Read More