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NMDC Donimalai mine ops to improve domestic iron ore supply: Experts

Resumption of mining operations at the NMDC Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say. Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making [...]

By |2021-02-24T00:28:21+05:30February 24th, 2021|Industry|0 Comments

Low customs duty, cheaper ore to reduce steel prices

Domestic demand for steel may stay robust in the near term Low customs duty, cheaper ore to reduce steel prices: Steel prices are expected to fall by as much as 10% from their January highs over the next few months, industry analysts said, retreating from a runaway rise that led end-consumers to seek government intervention. [...]

By |2021-02-15T13:21:14+05:30February 15th, 2021|Industry|0 Comments

Strong demand, low inventory to support domestic steel prices

As per the report, India's steel consumption grew 9 per cent year-on-year and 3 per cent month-on-month to 9.97 mt in January 2021. New Delhi: Strong domestic demand along with low finished inventory are expected to support domestic steel prices, Motilal Oswal Financial Services said in a report. As per the report, India's steel consumption grew [...]

By |2021-02-14T13:02:24+05:30February 14th, 2021|Industry|0 Comments

India to expand steel production to meet demand

The report said that Indian steel players are likely to defer the capacity addition plans of almost 10 MT by at least one to two years. New Delhi: As demand for steel is set to rise further in years ahead, India will have to expand its steel production, said a Kearney report. The report titled [...]

By |2021-02-13T14:59:53+05:30February 13th, 2021|Industry|0 Comments

Steel Minister exhorts industry to become export-centric

Participates in a webinar on "New opportunities for steel in construction and infrastructure" Minister of Steel and Petroleum and Natural Gas Dharmendra Pradhan today addressed a webinar on "New opportunities for steel in construction and infrastructure", organized by Indian Steel Association. Pradhan speaking on the occasion exhorted the steel industry leaders to focus on making [...]

By |2021-01-18T04:13:17+05:30January 18th, 2021|Industry|0 Comments

Steel producers, buyers, material suppliers fight over price hike

Steel manufacturers had focused on exports during the lockdowns to stay afloat Consumers and raw material providers of steel are up in arms against producers over rising prices of finished products, prompting them to write to the central government. Steel producers are justifying the price hike by pointing towards a shortage of iron ore, among [...]

By |2021-01-02T14:42:21+05:30January 2nd, 2021|Industry|0 Comments

Association Of Indian Forging Industry seeks ban on steel exports

[ads1]The Association Of Indian Forging Industry (AIFI) has urged the Centre to ban exports of steel and iron ore due to high prices which are hampering the growth of India's forging industry. The association cited the Covid-19 disruption as a major factor that has affected the automobile industry, thereby the component suppliers and hence, the [...]

By |2020-12-26T18:59:08+05:30December 26th, 2020|Industry|0 Comments

PMTS 2022: Pune Machine Tools Show, India

Event Name: Pune Machine Tools Show Category: Industrial Goods Event Date: 24 - 26 February, 2022 Frequency: Annual Location: Auto Cluster Exhibition Center, H-Block, Plot No. C-181, Auto Cluster Exhibition Center, Pimpri-Chinchwad, MIDC, Pune, Maharashtra 411019 India Organizer: K And D Communication Limited, 206, 2nd Floor, Harmony Icon, Near Baghban Party Plot, Thaltej-Hebatpur road, Thaltej, [...]

By |2020-12-22T19:50:58+05:30December 22nd, 2020|Events|0 Comments

Govt working towards Atmannirbharta in mining & steel

Govt working towards Atmannirbharta in mining & steel to make India a global manufacturing hub: Steel Minister Talking about reforms in the mining sector, Pradhan said the shift away from nomination system has helped in equal distribution of revenue to respective states New Delhi: The mining, coal, and petroleum sectors have received a lot of [...]

By |2020-11-19T18:04:35+05:30November 19th, 2020|Industry|0 Comments

Domestic steel industry showing signs of recovery: RINL CMD

NEW DELHI: The Indian steel market, which was hit by the Covid-19 pandemic and subsequent lockdowns, has started showing signs of recovery, RINL (Rashtriya Ispat Nigam Limited) chairman PK Rath has said. The pandemic had severely disrupted the steel sector in the first quarter of the ongoing fiscal, particularly in April. However,there is a recovery [...]

By |2020-10-19T14:36:21+05:30October 19th, 2020|Industry|0 Comments
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