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Indian steel industry: From capacity comfort to global ambition
5+ hour, 50+ min ago (498+ words) India’s steel industry has entered a zone of unusual comfort. It has scale, demand, and policy support. What it does not yet have is enough global competitiveness. That is the central paradox of the sector today. READ I Iron ore…...
Indian steelmakers to remain profitable despite rising costs – forecast
1+ mon, 2+ day ago (346+ words) News Global Market India Print 411 25 August 2026 Indian steel companies are set to maintain their operating profitability for the 2027 financial year at 10,500–11,000 rupees ($110–115.5) per tonne, despite rising production costs. This is reported by Kallanish, citing a report by the rating agency…...
G J Steel holds HRC Pickled & Oiled Coil Handover Ceremony
3+ week, 2+ day ago (244+ words) PUBLISHED: 21 Aug 2026 at 10:56 Toshihiro Miyakoshi, Chief Executive Officer of G J Steel Public Company Limited, together with the company's executives and employees, participated in the HRC Pickled & Oiled Coil Handover Ceremony, marking a significant milestone in the company's growth and…...
Rising coking coal prices squeeze Indian steelmakers’ margins
3+ week, 2+ day ago (398+ words) According to Reuters, the margins of Indian steelmakers are under pressure due to rising coking coal prices. In India, the world’s second-largest crude steel producer after China, coking coal accounts for around 40% of steel production costs. At least half of…...
Indian steel mills face margin squeeze as global coking coal prices rise
3+ week, 3+ day ago (505+ words) Indian steel mills are facing mounting pressure on margins as higher coking coal prices, driven by supply disruptions in Australia and China and the Iran war, raise steelmaking costs, executives and analysts said. India, the world’s biggest crude steel producer…...
Coking Coal Cost Surge Squeezes Indian Steelmaker Margins
3+ week, 3+ day ago (318+ words) Rising global coking coal prices, up 25% this year, are putting significant pressure on the profit margins of Indian steel producers. With the country importing 95% of its coking coal needs, high input costs are complicating profitability. Investors are watching to see…...
India's coal imports turn steel-centric as metallurgical coal demand rises
4+ week, 16+ hour ago (384+ words) ANI 16th August 2026, 01:58 GMT+11 New Delhi [India], August 15 (ANI): India's coal import basket is becoming increasingly steel-centric, with imports of metallurgical coal rising sharply in FY2025-26 even as dependence on imported thermal coal declined, according to an MCX report. India imported around…...
Next Vardhman-Aichi Steel Unit Will Create Jobs for 2,000 People: CM Bhagwant Singh Mann
1+ mon, 1+ week ago (676+ words) Punjab Chief Minister Bhagwant Singh Mann on Monday laid the foundation stone of the country's first-of-its-kind ₹1,116 crore forging and machining unit being established by Vardhman Special Steels in partnership with Japan's Aichi Steel, describing it as a major boost to...
UK and European project wins lift performance at steel group
1+ mon, 2+ week ago (362+ words) Structural steel specialist, Severfield, has reported a positive beginning to FY 27, with trading since the beginning of the financial year in line with expectations. The Board’s guidance for FY 27 is unchanged, including underlying profit before tax of £12m to £15m. The Thirsk-headquartered…...
Hyundai Steel is set to begin construction of an automotive steel plant in the US in September
1+ mon, 2+ week ago (187+ words) The project is being carried out jointly by Hyundai Steel and POSCO. The plant, with an annual capacity of 2.8 million tonnes, will be located in the RiverPlex MegaPark industrial park (Ascension Parish, Louisiana). The plant is scheduled to come on…...