Search result for 'steel consumption'

The Indian rupee appreciated 33 paise to close at 86.65 against the US dollar on Thursday, supported by a weakening greenback. Forex traders attribute the rise to foreign bank dollar selling and...

Indian Rupee appreciates against US dollar in early trade on Thursday, driven by weaker dollar and oil prices. The rupee is expected to face global headwinds in the coming months.

Jindal Stainless MD urges India to impose 25% import duty on stainless steel to protect domestic manufacturers from potential dumping following US tariffs.

India's steel industry expects growth from tax relief, particularly benefiting middle class spending on auto, consumer goods, and infrastructure.

India requires USD 120 billion investment to achieve a 300 million tonne steel-making capacity by 2030, according to Steel Secretary Sandeep Poundrik. The country's steel demand is rising and could...

India's Steel Secretary says a duty hike on steel imports will be ineffective due to high imports from FTA countries at zero duty. He acknowledges the problem of cheap steel imports impacting...

ICRA forecasts a 9-10% growth in domestic steel consumption in FY25, driven by robust demand in Q1 FY24 and expected government capex. Capacity utilization is projected to reach a decadal high of 88%.

India's steel sector is expected to see significant tech investments reaching USD 2.7 billion by 2030, driven by automation, digitalization, and sustainability goals.

State-owned SAIL's net profit plummeted by 61.51% in the first quarter, reaching Rs 81.78 crore, primarily due to reduced income. The company's total income and sales volume also witnessed a decline.

ArcelorMittal reports a 73% decline in net income for the second quarter, citing excess steel production from China and subdued economic sentiment. Learn more about the company's outlook and...

India's steel industry gets a major boost with increased infrastructure funding, R&D support, and focus on startups, creating jobs and fostering innovation.

India's steel demand is projected to grow at a CAGR of 5% to 7.3% over the next decade, driven by infrastructure investments, reaching 221-275 million tonnes by FY 34, according to a Deloitte report.

Icra raises its forecast for India's steel demand growth to 9-10% in FY25, driven by strong government spending and demand from steel-consuming sectors. Read more.

Tata Steel CEO T V Narendran expresses concern over rising steel imports, urging vigilance as India becomes a net importer. He calls for government intervention to address unfair imports and...

India's finished steel consumption rose 13% to 136 million tonnes in FY24, driven by strong demand from automotive and infrastructure sectors. Learn more about the steel industry's growth.

India's finished steel imports rose 38% to 8.32 MnT in FY24, making the country a net importer. Domestic steel makers are concerned about rising imports, particularly from China.

The Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the seventh consecutive time, keeping home and auto loan EMIs stable. The RBI expressed concerns over food inflation due to...

The Reserve Bank of India kept the benchmark interest rates unchanged at 6.5 per cent for the seventh consecutive time, citing concerns over food inflation. EMIs on home and auto loans are likely...

India's steel sector is set for growth in 2024 with PLI 2.0, but concerns remain over imports & raw material costs. Experts predict strong demand, but industry players urge govt action.