8 core industries grew 6.7% in Feb vs 4.1% in Jan
Steel and electricity generation dipped 8.4% and 6.3%, respectively, in Feb 2024 vs 12.4% and 8.2% in Feb 2023
steel production
March 2024
December 2023
October 2023
August 2023
July 2023
May 2023
February 2023
November 2022
October 2022
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.
Tata Steel shares slid 3% on fall in delivery volumes to 4.82 mn tons in Q2
The delivery volumes declined from 4.91 million tons in Q2 last year to 4.82 million tons in the September quarter this year.
Will UK government part-fund Tata Steel UK’s green transition?
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
Tata Steel shares rise 2% despite 92% fall in Q1 profit; here’s why
The share price of the steel major rebounded 2.5% to ₹118.40, after falling nearly 1% in opening trade on the BSE.
Jindal Steel shares skid 5% on weak Q4 results; here’s what brokerages say
In the March quarter, the company's revenue from operations (net sales) declined by 4.51% YoY to ₹13,691 crore, as against ₹14,339.49 crore in the March quarter last year.
India zinc demand to outpace global growth on infra push
The demand will be triggered by the consumption of galvanised steel that will be needed for highways and high speed rail projects, says Arun Misra, CEO, Hindustan Zinc.
Steel cos post 75-90% decline in EBITDA
The EBITDA per tonne of steel companies declined primarily due to steep fall in steel prices
Tata Steel aims to switch to recycling scrap in U.K.: CEO TV Narendran
Escalating energy costs in the U.K. burden the steelmaker
