Freight Traffic Growth Hit; Is Slowdown On The Cards?
As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
steel
November 2024
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JSW, Posco to build new steel plant in India
The partnership also aims to drive cooperation in battery materials, and renewable energy sectors in India.
Prices In A Knot
Market macroscope: Steel rebar futures, Lithium prices, and Ethanol prices.
India's steel demand to grow as China's declines: Moody's
China's overcapacity and India’s capacity growth will likely hurt steel prices, says Moody's Ratings
Gold On A High
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
Steel consumption may slow to 7-8% in FY25 after 3 years of double-digit growth
Domestic steel consumption growth is expected to slow down to 7-8% in FY25 as against 12-13% estimated in FY24, says ICRA.
JSW, Tata, ArcelorMittal Nippon to ramp up scrap-based steel production
Tata Steel is setting up electric arc furnace-based recycling plants.
2024 Ahoy! Bumpy ride awaits Indian steelmakers
The discounted steel from China, weak global macro-outlook and higher domestic manufacturing costs are expected to hamper the dreams of Indian steel producers.
JSW Steel posts ₹2,773 cr profit in Q2, revenue up 7%
Steel production and consumption remain strong, aided by government capex as well as an overall healthy economy
JSW’s Man Of Steel
Sajjan Jindal has steered JSW Steel through domestic and global headwinds, increased capacity and acquired new businesses, to turn the company into the country’s largest steelmaker.
