Miniratna PSU, Moil Ltd, is planning to enter the iron ore miningsector by acquiring ore blocks in Gadchiroli district. The company is poised to become the first central PSU to venture into iron ore mining in the Naxal-affected district, which is emerging as a hub for the mining and steel industries
The price of hot-rolled coils in Southern Europe fell by €20/t in the first half of the month to €545/t CIF as of April 11. According to Kallanish, this is due to the presence of large stocks of non-cleared imported products in ports. In particular, from Vietnam.
Aluminium prices on Monday declined 80 paise to Rs 232 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.
India is on a trajectory to achieve steel production capacity of 300 million tonnes (MT) and a per capita consumption of 160 kg by 2030, according to the government. In FY25 (April to December period), the production of crude steel stood at 110.99 MT and finished steel stood at 106.86 MT.
21 Apr, 2025 - Special Correspondent
Tata Steel Tubes is a leading tubes and pipe manufacturer in India, having manufacturing facilities spread across the eastern and northern parts of the country, the company said in a statement.
21 Apr, 2025 - Special Correspondent
Posco and Hyundai Motor Group on Monday signed a deal that will see Korea’s top steelmaker jointly invest in the automaker’s steel mill in Louisiana, to secure tariff-exempt supply chains and cooperate on carbon-neutral EV technology.
21 Apr, 2025 - Special Correspondent
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