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…
Latest Steel Industry News & Updates
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…
New Delhi, March 14 (IANS) India’s largest iron ore producer NMDC has become the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year, ahead of the close of FY 2025–26.Established in 1958 to develop India’s iron ore resources, the Navratna CPSE, under the Ministry of Steel, produced around 10 MT in 1978. “Over the decades, output has expanded fivefold to reach a historic 50 MT in FY 2025–26, reflecting the company’s steady trans…
New Delhi, Feb 3 (IANS) Steel Authority of India Limited (SAIL), one of the country’s largest steel-making companies and a Maharatna public sector enterprise, on Tuesday announced it has achieved its highest-ever cumulative sales during the April to January period of the current financial year.The company recorded total sales of 16.6 million tonnes during this period in FY 2025–26, showing a strong growth of 16 per cent compared to 14.3 million tonnes in the same period last financial year, …
New Delhi, Jan 29 (IANS) India’s industrial sector continues to display strong momentum despite an evolving and challenging global environment, supported by reforms in infrastructure, logistics, ease of doing business and innovation systems, the Economic Survey 2025-26 said on Thursday.The Survey points to the vital aspect of the next phase of industrialisation that will require a calibrated shift from a model centred mainly on import substitution towards one focused on scale, competitiveness,…
New Delhi, Jan 20 (IANS) India’s transition to low-carbon green steel is to remain a gradual, long-term process as cost and technological constraints continue to hinder rapid decarbonisation, a report showed on Tuesday.Over the long term beyond 2030, green steel demand in India is projected to accelerate and will be driven by tightening ESG compliance norms, large end-user industries (automotive, infrastructure, capital goods, etc) striving to decarbonise their supply chains, and policy measur…