China has announced the removal of rebate on VAT on the export of 146 steel products from May. This discouragement of Chinese steel exports would mean more room for price hikes for Indian steel makers.30 Apr, 2021 - Special Correspondent
JSW Steel is gearing up to ramp up its liquid medical oxygen (LMO) supply to over 900 tonnes a day by month-end and also working towards increasing it further.26 Apr, 2021 - Special Correspondent
Steel prices rose to historical highs in the week ended 16 April 2021, in response to the global rise in steel prices. Prices have gone up by ~59% y-o-y in the month (until April 16).
Punjab Chief Minister Captain Amarinder Singh has ordered the shutdown of operations of iron and steel industries in Punjab to divert oxygen for medical use along with the immediate establishment of Oxygen Control Rooms