New Delhi, May 26 (IANS) Major EU member countries are working towards taking stronger measures to prevent their economies from being hit by the flood of cheap goods from countries with “industrial overcapacity” such as China, according to a media report. “A paper signed by Spain, Italy, the Netherlands, France, and Lithuania, days before a major China-focused debate in Brussels, said the bloc must respond more aggressively to ‘systemic and structural industrial overcapacity’ – phrases often…
Latest Steel Industry News & Updates
New Delhi, May 25 (IANS) India’s steel sector is now entering a new phase where growth is no longer measured solely in volume, but also in sustainability, reflecting a deeper evolution in industrial priorities, according to an article in the Kuwaiti media. The country’s proposed National Steel Policy 2025 targets an increase in crude steel capacity to 400 million tons by 2035–36, up from around 168 million tons currently, which firmly outlines the ambitious expansion plans ahead, the repor…
Washington, May 19 (IANS) India’s shift towards green steel production could help the country avoid nearly $1 trillion in long-term coking coal import costs and strengthen its position in future export markets, according to a new study released by the India Energy and Climate Center (IECC) at the University of California, Berkeley.The report said India’s next phase of steel expansion could otherwise lock the country into around six billion tonnes of coking coal imports over the next four dec…
Seoul, May 7 (IANS) South Korea has called on the international community to jointly respond to the recent spread of trade restrictive measures by major economies in a high-level meeting of World Trade Organization (WTO) member nations, the trade ministry said on Thursday.Kwon Hye-jin, director general for trade negotiations at the Ministry of Trade, Industry and Resources, attended the WTO’s General Council meeting held for two days beginning Wednesday (local time) in Geneva, as the chief repre…
New Delhi, April 14 (IANS) In a move to reduce wastage and promote utilisation of low-grade iron ore, the government has amended rules to revise pricing norms for such ore, the Ministry of Mines said on Tuesday.The amendment provides a framework for pricing iron ore with iron (Fe) content below the threshold level of 45 per cent, including Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ), it said.Under the revised rules, the average selling price (ASP) for iron ore, with 35 per…
New Delhi, April 8 (IANS) LPG supply across the country remains smooth with adequate stock available, and efforts are being made round-the-clock to ensure uninterrupted availability of cylinders for households, Indian Oil Corporation Limited said on Wednesday.In a post on social media platform X, the country’s largest oil marketing company urged consumers to remain calm and avoid unnecessary bookings, assuring that sufficient cylinders are readily accessible and distribution systems are functi…
Bengaluru, April 8 (IANS) The Karnataka government on Wednesday clarified that there is no shortage of auto LPG in the state. The government has also further appealed to auto owners and drivers not to panic or believe in rumours, assuring them that there is adequate supply in the system.In a statement, the Food, Civil Supplies and Consumers’ Affairs department stated that auto drivers across the state have reported hardship due to irregular availability of gas, with many spending hours at bunk s…
New Delhi, April 7 (IANS) Calling for a transformative shift in India’s steel sector, Union Minister H. D. Kumaraswamy on Tuesday said the industry must move beyond traditional growth models and embrace a future driven by circular economy principles and green decarbonisation to support the vision of a Viksit Bharat.Inaugurating the workshop titled “SRTMI R&D Connect: From Ideas to Industrial Impact,” Kumaraswamy underscored the need for a paradigm shift in the sector, stating that India …
Raipur/Durg, April 7 (IANS) A massive fire broke out on Tuesday at Power Plant-2 (PBS-2) of the Bhilai Steel Plant (BSP) in Durg district, Chhattisgarh, following an explosion in the 25 MW turbine section. Thick black smoke engulfed the area as flames rose nearly 10 feet high, creating panic inside the plant.According to sources, five people sustained injuries in the mishap — two regular employees and three contract workers. One employee suffered a fracture in the leg, while the others received…
New Delhi, March 31 (IANS) The National Council for Cement and Building Materials (NCB) has signed a memorandum of understanding with Delhi Technological University (DTU) to strengthen research–academia collaboration and skill development in the domestic cement and construction sector, an official statement said on Tuesday.The collaboration will promote joint research and innovation in cement and concrete technologies, provide training opportunities for students, professionals and stakeholders…