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News
India's next commodity cycle could be driven by scrap as organised metal recycling gains momentum
1+ hour, 50+ min ago (288+ words) India's metals industry is undergoing a structural shift from mining towards recycling, with organised non-ferrous metal recyclers positioned to benefit from rising metal consumption, resource constraints, sustainability requirements and increasing formalisation of the scrap ecosystem, according to a report by…...
TMT rebar prices hit 6-month low at ₹50,000/tonne as monsoon impacts demand: Report
3+ week, 20+ hour ago (225+ words) Prices of TMT rebars - a key construction material - has slumped to a six-month low to ₹50,000 a tonne, impacted by subdued demand and inventory in the markets, according to BigMint. The TMT rebar prices have seen a fall of 10 per cent…...
Aluminium Association urges PMO to protect Indian industry from surging low-quality scrap imports
3+ week, 1+ day ago (403+ words) The Aluminium Association of India (AAI) has appealed to the Prime Minister’s Office to protect the domestic aluminium industry from a surge of low-quality aluminium scrap imports. It said rising global protectionism has left India highly vulnerable, threatening the massive…...
Industry calls for National Stainless Steel Policy, anti-corrosion mission
3+ week, 4+ day ago (231+ words) The stainless steel industry has urged the Centre to introduce a National Stainless Steel Policy and a National Anti-Corrosion Policy to strengthen domestic manufacturing and accelerate the adoption of corrosion-resistant materials in infrastructure. The industry claimed that rampant corrosion leads…...
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
4+ week, 1+ day ago (375+ words) Any move to impose an anti-dumping duty on cold-rolled grain-oriented electrical steel (CRGO), which accounts for nearly 90 per cent of India's imports to meet domestic requirements, could increase transformer manufacturing costs and slow the country's power grid expansion, Thin Tank…...
Stainless steel sector MSMEs flag import surge, urges govt to reintroduce quality control order
1+ mon, 1+ day ago (281+ words) Over 100 MSME players of the stainless steel sector have urged the government to reintroduce the quality control order, citing a surge in Chinese imports after the order was revoked to ease the sourcing of raw material for domestic manufacturing. The…...
Delays mount In green steel projects as funding falls short
1+ mon, 6+ day ago (419+ words) Delays to green steel projects are growing and government support is far short of what is needed, jeopardising the industry's drive to cut emissions, steel associations warned at an annual meeting in Singapore this week. About half of the world's…...
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRI
1+ mon, 1+ week ago (514+ words) The government should consider a host of measures, such as removing the import levy on unwrought aluminium, correcting the inverted duty structure and imposing a 20 per cent export duty on the metal to boost domestic aluminium-based manufacturing, think tank GTRI…...
India, ASEAN steel demand to offset China slowdown – Rio Tinto
1+ mon, 1+ week ago (103+ words) India and ASEAN's steel demand will counterbalance China's slowdown, says Rio Tinto's Bold Baatar at Singapore conference. India, ASEAN steel demand to offset China slowdown â Rio Tinto He added â that the company's âportfolio is increasingly tilted towards…...
Indian steelmakers enter multi-year capex cycle as capacity expansion accelerates
1+ mon, 2+ week ago (402+ words) Indian steelmakers are entering a multi-year investment cycle, with top producers increasing capital expenditure by 40% to Rs 70,000 crore in FY27. Indian steelmakers are set to enter a multi-year investment cycle as the country targets expanding its steel-making capacity to 300 million tonnes…...