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- May 21st, 2024
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[ad_1] PSU steel-maker, the Steel Authority of India Ltd (SAIL) reported a 3 per cent dip, y-o-y in consolidated net profit to ₹1,126 crore for the quarter ending March 31, 2024. The net profit in the year-ago period was ₹1,159...
[ad_1] India is seeking more data, and greater transparency from its steel-makers on embedded carbon-emissions during the metal-making process, especially with CBAM getting into the transitional phase. Also read:Steel production drops amidst elections, exports continue to fall The steel industry,...
[ad_1] Amidst a storm of Parliamentary elections and some scheduled maintenance closures, the production of finished steel in India plummeted 9 per cent m-o-m in April, The drag down was caused by crude steel production being down 6.2 per cent...
[ad_1] India’s domestic steel demand to continue to grow at around 10 per cent or more over the next few years, fuelled by the government’s thrust on infra projects & booming construction segment, Nagendra Nath Sinha, Steel Secretary, said on Wednesday.Also...
[ad_1] China’s property market bust has saddled its steelmakers with a glut that they are offloading globally, including India. In FY24, China — banking on the lower priced metal offerings — emerged as the largest seller to Indian traders. Nearly...
[ad_1] The shutdown was part of KFIL’s strategic efforts to manage operations prudently against volatile market conditions, sustaining its production efficiency and overall business resilience.Also read:India’s iron ore exports at a three year high at 47.8 MTKFIL in a statement...
[ad_1] India’s Steel Ministry is working on strengthening reporting norms for import shipments, and the reporting portal is being ramped up. This comes in the wake of several “suspected” instances of misreporting or under-reporting of shipment details, an official aware...
[ad_1] Eight core industries’ output growth hit a three-month high of 6.7 per cent in February 2024, reversing a slowing growth trend seen in January 2024 and December 2023 at 4.1 per cent and 4.9 per cent, respectively.Also, cumulative growth...
[ad_1] Despite domestic demand for stainless steel, margins in the fourth quarter of the current financial year may be under stress primarily due to dumping by the Chinese, says Abhyuday Jindal, Managing Director of the country’s largest stainless steel maker. Europe demand...
[ad_1] Alloy steel producers have approached the Steel Ministry for extending the ambit of the PLI (productivity-linked incentive) 2.0 scheme to include categories like super-alloys and titanium alloys, among others, which log an annual import bill exceeding ₹5,000 crore. The...
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