PLI Steel 1.1 Secures INR 17,000 Crore Investment Commitment from 25 Companies
PLI 1.1 sees INR 17,000 crore investment commitment in second round with 42 MoUs signed, strengthening India’s Self-Reliance in Steel. Mar 24, 2025 PLI scheme for speciality steel, termed PLI Scheme 1.1, has drawn an investment of approximately INR 17,000 crore from 25 companies. The 2nd phase of the scheme was launched in January 2025, […]
India Aims to Reach 300 Million Tonnes of Steel Production by 2030
According to the steel secretary, India’s steel production target will be 300 million tonnes by 2030 with an investment need of INR 10 lakh crore. Feb 3, 2025 The Indian Chamber of Commerce (ICC) hosted a session, Viksit Bharat, in which the steel secretary, Mr. Sandeep Poundrik, along with industry leaders, discussed the need for […]
Nippon Steel, JFE Steel Seek CCI Approval for Stake Acquisition in Australian Coal Mine
Nippon Steel Corporation and JFE Steel Corporation have approached CCI for the approval to acquire stakes in Queensland’s Blackwater Coal Mine. These transactions are essential for strengthening their access to coking coal, which is crucial for steel production. Dec 28, 2024 Nippon Steel Corporation and JFE Steel Corporation, two leading global steelmakers, have approached the […]
Tata Steel Looks to Secure Future Iron Ore Supply Through NMDC, OMC
Tata Steel plans to increase its steel production capacity to 40 million TPA by 2030. The target will require 60 million tonnes of annual iron ore. The company is holding negotiations with the National Mineral Development Corporation (NMDC) and the Odisha Mining Corporation (OMC) to meet 50 percent of its iron ore needs in future. […]
World’s First Fully Hydrogen-Powered Steel Mill Coming Up in Australia
The first-of-its-kind green steel facility, having capacity of 600,000 TPA, will be located in New South Wales, Australia. Expected to commence operations in 2026, the rolling mill will create a global benchmark for zero-emissions steel production. Oct 22, 2024 In a major step for sustainable steel manufacturing, global steelmaking technology leader Danieli has awarded a […]
Tata Steel Signs Contract with Tenova for Electric Arc Furnace in UK
The steel manufacturer plans to decarbonize its sites by constructing an electric arc furnace to produce steel from scrap. The project, expected to last three to four years, will cost EUR 1.25 billion, with EUR 500 million funded by the British government. Oct 21, 2024 Tata Steel signed a contract with Italy-based Tenova, a sustainable […]
Mr. T.V. Narendran Elected as the Chairman of World Steel Association
Mr. T.V. Narendran, CEO & MD of Tata Steel has been elected as the Chair of the World Steel Association. Oct 17, 2024 The World Steel Association (worldsteel) has elected Mr. Thachat Viswanath Narendran, MD & CEO of Tata Steel. He became the second Indian followed by Mr. Sajjan Jindal, Group Chairman of JSW, to […]
Tata Steel India’s Production Rises by 5% in Q2
Tata Steel commissioned the country’s largest blast furnace in Kalinganagar in September, positioning the company to boost its total domestic steel production capacity to 26.6 million tonnes annually. Oct 10, 2024 Tata Steel increased its steel production in India by 5% year-on-year in Q2 FY 2024-25, reaching 5.27 million tonnes during July-September 2024, according to […]
SMS Group to Build New Electric Arc Furnace for SSAB for Fossil-Free Steel Production
SMS group has secured a contract to engineer, deliver, and construct a new electric arc furnace (EAF) for SSAB. SSAB plans to use it to decarbonize its steelmaking production process. The new 190-ton EAF will be one of the largest installations in the world. Nov 29, 2023 SMS group has secured the contract from Nordic […]
SAIL and SMS Group Signs MoU on Sustainable Steel Production
SAIL and SMS group signed an MoU to drive developments focused on implementing long-term sustainable steelmaking practices, with a particular emphasis on decarbonizing steel production. Aug 15,2023 SAIL (Steel Authority of India Limited), a Maharatna PSU and SMS group, signed a memorandum of understanding at SAIL’s Management Training Institute (MTI) at Ranchi, Jharkhand on August […]
