According to the World Steel Association (World Steel), India’s crude steel production increased by 4.1 percent to 11.2 MT in May 2023, despite a 5.1% decline in global output to 161.6 MT. Chinese crude steel production in May totaled 90.1 MT, maintaining its position as the world’s top producer of steel despite a 7.3 percent…
According to its top management, industry heavyweight Tata Steel expects to spend a combined Rs 16,000 crore on capital projects for its domestic and international operations during the current fiscal year. According to the company’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee, Tata Steel has allocated Rs 10,000 crore…
State-owned SAIL manufactured a record 18.28 million tonnes (MT) of crude steel during the fiscal year 2022–23, representing a growth of 5.3% from the previous year. During the fiscal year that concluded on March 31, hot metal output increased by 3.6% to 19.40 MT. The Steel Authority of India (SAIL) announced in a statement that…
NMDC’s three million tonnes per annum (mtpa) greenfield steel plant at Nagarnar in Chhattisgarh is likely to be operational towards the end of September, after a delay of nearly seven years. The state-run company spent Rs 20,240 crore as of May this year for the plant and is likely to spend another Rs 1,700 crore…
