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 […]
Bright future: India Emerges as Second Largest Global Producer of Steel, Domestic Steel Production Registers Robust Growth
India produced 89.711 million tonnes of domestic finished steel during Apr-Nov 2023, registering 14.3 percent growth. Feb 21, 2024 The future of the steel sector in India looks propitious, as the domestic finished steel production during the first eight months of the current fiscal year (April-November 2023) has reached 89.711 million tonnes, as against 78.498 […]
Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash
U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs, ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel secured a USD 14.9 billion […]
