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    • Robust domestic demand to keep India’s steel exports to Europe muted in FY24

      Robust domestic demand to keep India’s steel exports to Europe muted in FY24

      Production disruptions in Europe because of maintenance shutdowns and other reasons aren’t likely to translate into gains for Indian steelmakers.

    • Govt gives nod to outright sale of 3 SAIL spl steel plants

      Govt gives nod to outright sale of 3 SAIL spl steel plants

      The government has approved outright sale of state-owned SAIL's three special steel units, including Salem and Alloy Steel plants.

    • Jindal Stainless' net loss narrows to Rs 65 cr in Apr-Jun qtr

      Jindal Stainless' net loss narrows to Rs 65 cr in Apr-Jun qtr

      The company reported a 11 percent growth in stainless steel production at 1.73 lakh tonnes (LT) in the June quarter this fiscal from 1.56 LT in the year-ago period.

    • Demand expected to come from automotive segment: Mukand

      Demand expected to come from automotive segment: Mukand

      The steel manufacturer reported a net profit of Rs 10.3 crore as against a loss of Rs 5.7 crore year-on-year (Y-o-Y) while its total income fell 0.6 percent to Rs 677.6 crore. Operating margins improved to 14 percent in the first quarter.

    • India to be 2nd largest steel producer by 2013: Steel Min

      India to be 2nd largest steel producer by 2013: Steel Min

      Steel Minister Beni Prasad Verma today exuded confidence that India will become the world's second largest producer of the alloy by 2013, with an installed annual production capacity of 120 MT.

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