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Indian finished steel imports surged in June quarter

The latest statistics published by the Indian Steel Ministry indicates that the country’s imports of finished steel totaled 2.57 million tonnes during the quarter through June. China, Korea and Japan were the major suppliers during this period. The combined imports from these ...

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India Steel consumption up 7.1% y-o-y in Apr

India’s steel consumption totalled 5.5 million tons in April, rose 7.1% compared to the same month last year, latest data from the Joint Plant Committee (JPC) showed. Steel production in India during April totalled 7.3 million tons, advanced slightly by ...

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Russian, Indian Steel business environment remains challenging

The Instituto Aço Brasil (IABr) has reported that domestic finished steel sales in February totalled 1.48 million tons – down 15.6 percent, compared with last year’s figure. Nevertheless, the Brazilian steel industry remains upbeat over the general outlook for 2015, reported MEPS ...

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POSCO opens India steel mill, but mega project stuck

South Korea’s POSCO inaugurated a $709 million steel mill in Maharashtra, looking to gradually scale up its presence in the emerging market despite having to wait for a decade to get started on a $12 billion steelmaking plant. The mill ...

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POSCO opens India steel mill, but mega project stuck

South Korea’s POSCO <005490.KS> inaugurated a $709 million steel mill in western India on Thursday, looking to gradually scale up its presence in the emerging market despite having to wait for a decade to get started on a $12 billion ...

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Indian Steel Mills Face Iron Ore Shortage

The steel makers in the country are facing acute scarcity, as the output of iron ore in the country had been low due to the closure number of mines in the country. Earlier, the ban on mines in states like Goa and ...

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India Steel demand may improve gradually: ICRA

As demand recovery from construction and capital goods sectors remains fragile, any significant improvement in India steel demand can at best be gradual, despite a growth in the automobile sector in the current year, according to rating agency ICRA. Weakness ...

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India aims on new steel policy: 300 million tonnes by 2025

Vishnu Deo Sai, the Steel Minister of India, in a recent conference, announced that, the government is working on the policy. The critics have stated continuously that, this process is impossible, taking in the fact that India only produces 82 ...

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