Ministry of Steel Suspends Enforcement of 55 IS Standards Under Steel Quality Control Order to Support Industry Needs
The ministry has announced that the enforcement of QCO on 42 Indian Standards under the Steel and Steel Products (Quality Control) Order, 2024 has been suspended for three years, and enforcement of QCO on 13 Indian Standards, relating to specialty steel grades covered under PLI 1.2, has been suspended for one year. Nov 21, 2025 […]
Shyam Metalics Announces INR 10,000 Crore Expansion Plan to Double Its Capacity
Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore expenditure plan to more than double its revenue to INR 40,000 crore under its ‘Vision 2031’ strategy. Oct 17, 2025 Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore capital expenditure plan to more than double its revenue to INR 40,000 crore […]
Mukand Sumi Special Steel to Invest INR 2,345 Crore in Karnataka Greenfield Plant
Mukand Sumi Special Steel announces INR 2,345 crore investment in a greenfield Karnataka plant, boosting specialty steel capacity with sustainable manufacturing. Sep 2, 2025 Mukand Sumi Special Steel Limited (MSSSL), a joint venture between the Bajaj Group’s Jamnalal Sons Pvt Ltd and Japan’s Sumitomo Corporation, has announced plans to set up a INR 2,345 crore […]
BMW Industries Limited Signs MoU with Ministry of Steel to Develop Specialty Steel in Jharkhand
BMW Industries Limited (BMWIL), has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalized at Vigyan Bhawan, New Delhi. Mar 24, 2025 BMW Industries Limited (BMWIL), a leading manufacturer in the downstream steel sector, has signed a Memorandum […]
India Offers Specialty Steel for NEOM Project in Saudi Arabia
India and Saudi Arabia are looking to strengthen trade ties in the fields of electronic vehicle (EV), renewable energy (RE), power generation and natural gas, along with heavy machinery from Bharat Heavy Electricals Limited (BHEL). Feb 5, 2025 India has offered to supply specialty steel for Saudi Arabia’s ambitious megacity project, the New Economic-Technological Area […]
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 […]
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 […]
Baoshan Iron & Steel to equip a KOCKS RSB® 300++/4 in 5.0 design at new Shanghai rolling mill
Subsidiary of world’s leading steel producer Baosteel group, Baoshan Iron and Steel Company Limited has decided to equip a KOCKS Reducing & Sizing Block in its new combined bar in a coil/wire rod mill based in Shanghai, China. Through this investment, Baoshan Iron and Steel is continuing the 10 years of cooperation between the two […]
