Search For "steel sector"
Chintan Shivir in Bengaluru focuses on future of India's steel sector
Updated : 1 year ago IST
The Ministry of Steel organized Chintan Shivir, a day-long session focused on the future of India's steel sector, at Hotel Taj West End, Bengaluru.
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Synergy Steels Celebrates India's EV Push- Stainless Steel Sector Eyes Maj
Updated : 1 year, 1 month ago IST
New Delhi [India], February 7: The anticipated increase in India's adoption of electric vehicles (EV), with EV sales forecasted to reach 30-35% of annual vehicle sales by FY30, according to SBI Capital Markets (SBICAPS), creates a large window of opportunity for the stainless steel indust
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Synergy Steel Applauds India's Historic 113% Clean Energy Surge: 30 GW Add
Updated : 1 year, 1 month ago IST
New Delhi [India], January 29: India's remarkable achievement in renewable energy capacity addition, which saw a 113% increase in 2024 with 30 GW of new installations, has created significant opportunities for the stainless-steel sector. The nation's successful deployment of rooftop solar in
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India's metal & mining industry is a bright spot when global market is
Updated : 1 year, 2 months ago IST
Indian metal and mining companies are emerging as a bright spot in a global market that is struggling with stagnant commodity volumes, according to a report by Jefferies.
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India needs to develop 300 million tons of steel capacity by 2030: Steel S
Updated : 1 year, 3 months ago IST
India needs to develop about 300 million tons of steel capacity by 2030, which is at present at 100 and 80 million tons at present, said Sandeep Poundrik, Steel Secretary to the government of India.
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India's steel industry to grow at 8%; capacity to rise by 20 million tons
Updated : 1 year, 3 months ago IST
The annual capacity of India's steel industry will increase by 20 million tons between the financial year (FY) 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.
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Bharat Coking coal's strategic move boosts domestic coking coal consumptio
Updated : 1 year, 5 months ago IST
Under the "Mission Coking Coal" initiative, part of the Aatmanirbhar Bharat vision, BCCL has implemented key reforms in its auction processes, aimed at increasing the use of domestic coking coal and reducing the strain on India's foreign reserves caused by coal imports.
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Domestic steel sector to outpace real GDP growth, boosted by urbanisation
Updated : 1 year, 5 months ago IST
The domestic steel sector growth will outpace the country's real GDP growth in the coming years, says a report by AnandRathi.
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Higher import duties on Chinese steel: Decision to be taken after discussi
Updated : 1 year, 5 months ago IST
The central government will take all necessary steps to protect the domestic steel sector, including addressing the challenges posed by cheap Chinese steel, said H.D. Kumaraswamy, Union Minister for Heavy Industries and Steel.
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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.
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Duty Reforms in Union Budget 2024-25 to Boost Competitiveness for the Stai
Updated : 1 year, 7 months ago IST
New Delhi [India], August 6: Synergy Steels, one of India's leading stainless-steel manufacturers, applauded the Union Budget for FY 2024-25, presented by the Finance Minister on July 23, 2024. The company's leadership expressed optimism about the industry's prospects, as the budget addresse
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Govt making policy to facilitate supply of washery coking coal to steel se
Updated : 1 year, 8 months ago IST
The government is working on a policy for the steel sector where the washery route will be applied as the end-route for coking coal thereby reducing the import dependence, M Nagaraju, Additional Secretary, Ministry of Coal said in New Delhi today.
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