The breakthrough will benefit offshore and engineering customers in India through enhanced supply security, shorter lead times, lower costs, and greater global competitiveness. ArcelorMittal Nippon Steel India (AM/NS India) has become the first steel company worldwide to produce ultra‑high strength welded EQ70 grade pipes, certified by the American Bureau of Shipping (ABS). This milestone demonstrates...
Category: Steel
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Steel Secretary Flags Urgency on Green Shift, Hydrogen Readiness, and Import Dependence
Steel Secretary Sandeep Poundrik has said that the decline in green hydrogen prices may offer a breakthrough for steelmakers grappling with challenges such as import curbs within the next decade. A growing domestic demand, falling green hydrogen prices, emerging opportunities in speciality steel, and a renewed push for indigenisation are among the key levers that...
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Nithia Capital Acquires Topworth Urja for ₹3 Billion, Expands Long Steel Portfolio
Urja acquisition builds on Nithia’s earlier investments in Evonith Metallics Ltd and Evonith Value Steel Ltd, and follows the successful turnaround and exit from Crest Steel and Power Ltd, which was sold to Amalgam Steel. Nithia Capital and its investment holding arm Evonith Holdings have completed the acquisition of Topworth Urja & Metals for ₹3...
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TMT Rebar Report to be launched on 10th February 2023 in Delhi
The Ministry of Steel vide a notification dated May 12, 2016, has stated that no steel producer would be classified as an integrated, primary or secondary producer. The Ministry of Steel vide a notification dated May 12, 2016, has stated that no steel producer would be classified as an integrated, primary or secondary producer. According...
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Delhi to host 6th MAKE IN STEEL Conference & Awards on 10th February 2023
With the timely theme ‘Decarbonisation v/s Growth’ this mega event is all set to become the potential game changer. The 6th edition of ‘Make In Steel’ to bring together structural steel technocrats from all over India and abroad on 10th February 2023 in New Delhi.Experts to deliberate on state-of-the-art steel offerings and address the deep-rooted...
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JSW’s Financial performance for first quarter FY 2021-22
JSW Steel reported its results for the first quarter ended 30th June 2021 JSW Steel Limited today reported its results for the First Quarter ended 30th June,2021 (“Q1 FY2022” or the “Quarter”). India was impacted by a second wave of the pandemic during April and May 2021, with cases declining sharply from the month of...
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China Powers Spiralling Steel Prices
Domestic steel prices have witnessedan unprecedented rise from the second half of FY2021.The economic support measures unveiled by various countries will keep the demand for steel high. The near absence from the world export market and a higher import by China are among the major factors keeping steel prices at elevated levels. Continued higher demand...