Mumbai: Indian steel prices have increased for the second time in January as domestic producers capitalised on import restrictions, reviving construction demand and tight market inventories. Domestic steelmakers have raised prices twice within a span of two weeks in January, following the Centre’s decision to impose a safeguard duty on…
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Ministry of Steel Launches Bharat Steel Awards 2026
The Ministry of Steel, Government of India, has introduced the prestigious Bharat Steel Awards 2026 to recognize outstanding performance and significant contributions in the steel sector. The awards aim to celebrate innovation, sustainability, efficiency, and excellence across the industry, encouraging companies, teams, and individuals to achieve new benchmarks. Award Categories…
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CCI Clears Nippon Steel’s Full Acquisition of Krosaki
The Competition Commission of India (CCI) has approved Nippon Steel Corporation’s acquisition of Krosaki Harima Corporation, clearing the way for the Japanese steel major to assume full ownership of the refractory products manufacturer. The approval marks a key regulatory milestone in a transaction that consolidates Nippon Steel’s control over its…
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MOIL Records Best-Ever Q3 and Nine-Month Production in FY26
State-owned manganese ore producer MOIL Limited has delivered its strongest production performance ever during the third quarter and the first nine months of the financial year 2025–26, marking a significant operational milestone for the company. The achievement reflects sustained improvements in mine planning, mechanisation, and workforce productivity across its operating…
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SAIL Achieves Record December Sales, Sustains FY26 Growth
Steel Authority of India Limited (SAIL), the Maharatna public sector steel producer, achieved a historic milestone by recording its highest-ever December sales volume of 2.1 Million Tonnes (MT) in 2025. This represents a remarkable 37% increase compared to 1.5 MT in December 2024, highlighting the company’s strong focus on customer…
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Kumaraswamy Inaugurates Caster #4 at SAIL Rourkela Plant
Rourkela, Odisha: Union Minister of Steel & Heavy Industries H D Kumaraswamy visited SAIL’s Rourkela Steel Plant on 18 November 2025 and formally inaugurated the new, state-of-the-art Caster #4 at Steel Melting Shop-2. The two-day visit — attended by Union Minister of Tribal Affairs Shri Jual Oram and senior SAIL…
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Ministry of Steel to Hold Open House on Steel Imports
The Ministry of Steel is set to host an Open House on 27th October 2025 at the Steel Room in Udyog Bhavan, New Delhi, focusing on issues related to the import of steel. This initiative provides a structured platform for companies and associations to present concerns and challenges regarding steel…
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ACME Group to Invest ₹5,000 Crore in Green Steel Facility
MUMBAI: ACME Group is set to invest approximately ₹5,000 crore to establish a 1.2 million tonnes per annum (MTPA) Green Hot Briquetted Iron (HBI) and Green Direct Reduced Iron (DRI) facility in its first phase, reinforcing its commitment to sustainable steel production in India. Chairman Manoj Kumar Upadhyay said on…
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GST Reforms Boost Jharkhand’s Industry Agriculture & Tourism
Jharkhand, a mineral-rich and industrially vibrant state in eastern India, is poised for a significant economic boost following the recent GST reforms. By reducing tax rates across key sectors such as steel, iron, agriculture, forest products, and tourism, the reforms aim to lower costs, enhance affordability, and stimulate growth in…
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China Halts New BHP Iron Ore Cargoes Amid Pricing Dispute
China has ordered domestic steelmakers and traders to halt new purchases of iron ore cargoes from BHP Group, one of the world’s largest mining companies. The directive, issued by the state-run China Mineral Resources Group (CMRG), comes amid an escalating pricing dispute between Beijing and the Australian mining giant. China’s…