Bengal Steel Industry to Receive INR 8,000-Crore Investment Over Five Years
Bengal’s steel sector is set for a major expansion with fresh investment commitments worth INR 8,000 crore over the next five years, promising a boost to capacity, infrastructure, and jobs in the region. Aug 21, 2025 At the Bigmint India Ferrous Week held in Kolkata, Shakambhari Group announced plans to invest INR 5,000 crore in […]
After 18 Months, Nippon Steel Seals US Steel Acquisition for USD 14.9 billion
Nippon Steel has finalized its USD 14.9 billion acquisition of US Steel, securing President Trump’s approval and a “golden share” that grants the US government veto power over critical strategic decisions. Jun 19, 2025 Nippon Steel has officially completed its USD 14.9 billion acquisition of US Steel, ending an 18‑month saga marked by national security reviews, a […]
Centre Revises ‘DMI&SP’ Policy to Strengthen its Domestic Steel Manufacturing
The Indian government has revised its Domestically Manufactured Iron & Steel Policy 2025 by introducing a stringent ‘melt and pour’ norm, impacting steel procurement for public sector and government infrastructure projects. Jun 03, 2025 The Central government has introduced a significant revision to the Domestically Manufactured Iron & Steel Products (DMI&SP) Policy 2025, impacting steel […]
SAIL Announces INR 7,500 Crore Capex for FY25-FY26, Announces Expansion Plans
SAIL aims to increase its crude steel production capacity from current 20 million tonnes to 35 million tonnes by 2035 through brownfield and greenfield expansions, including debottlenecking efforts. Jun 5, 2025 The Steel Authority of India (SAIL) has come up with an investment plan worth INR 7,500 crore during the financial years 2025 and 2026. […]
India’s Steel Imports Fall Over 11% in April Amid 12% Import Tariffs
India witnessed an 11.3% year-on-year decline in finished steel imports in April,owing to a 12% temporary import tariff aimed at curbing low-cost steel inflows. May 22, 2025 India witnessed an 11.3% y-o-y decline in finished steel imports in April, with volumes decreasing to 0.5 million metric tons, according to preliminary government data obtained by Reuters. […]
Tata Steel Expands Kalinganagar Facility in Odisha, Boosts Crude Steel Output to 8 Million TPA
Tata Steel has completed the second phase of expansion at its Kalinganagar facility in Odisha, increasing the plant’s annual crude steel production capacity from 3 million tonnes to 8 million tonnes, with an investment of INR 27,000 crore. May 23, 2025 Tata Steel has completed a major expansion at its Kalinganagar facility in Odisha’s Jajpur […]
India’s Steel Capacity to Reach 210 Million Tonnes by 2030
India’s steel demand reaches over 13 million tonnes in Jan 2025, expected to reach a production capacity of 210-220 million tonnes in 2030. The domestic steel consumption is projected to increase between 190 million and 210 million tonnes by 2030. Mar 11, 2025 India continues to stand out as the only country among the top […]
Budget 2025: Favourable Policy Measures Make Conducive Environment For Robust Growth of Steel Sector
Schemes such as allocation of INR 11.21 lakh crore for infrastructure, Maritime Development Fund, Urban Challenge Fund and National Manufacturing Mission will attract fresh investments in the steel sector, create significant employment opportunities and improve global competitiveness. Feb 12, 2025 The steel industry, which plays a crucial role in the development of the country, is […]
PLI Scheme For Specialty Steel Attracted Investment Worth INR 17,581 Crore Till October: Steel Ministry
The Ministry of Steel is anticipating an investment of INR 27,106 crore, creation of 14,760 jobs and production of 7.9 million tonnes of specialty steel identified under the scheme. Jan 2, 2025 The Production Linked Incentive (PLI) scheme, which was launched by the Ministry of Steel in July, 2021 to promote the manufacturing of specialty […]
World’s First Off-Grid Green Hydrogen Plant For Stainless Steel Sector Inaugurated at Jindal Stainless Hisar, India
Located at Jindal Stainless Limited in Hisar, Haryana, the state-of-the-art facility is also the world’s first green hydrogen plant with rooftop & floating solar, having capacity to reduce around 2,700 MTPA carbon emissions. Mar 28, 2024 Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, recently inaugurated India’s first green hydrogen plant in […]
