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India produces 7.25 MT steel in March: WSA

Last Updated: Wednesday, April 23, 2014, 15:03

India, the world's fourth largest steel maker, produced 7.25 million tonnes (MT) or just over five percent of the total global output in March, according to World Steel Association (WSA).

Steel sector needs $210 bn investment to hit 300mtpa capacity

Last Updated: Sunday, December 15, 2013, 19:54

India needs investment of USD 210 billion over the next decade to achieve the steel production capacity of 300 million tonnes per annum by 2025 from the current 90 MT, according to C S Varma, chairman and managing director of Steel Authority of India.

India may have to start importing iron ore soon: SteelMin

Last Updated: Sunday, November 24, 2013, 16:21

The Steel Ministry is of the view that India will have to import iron ore in the immediate future to meet significantly increasing demand from domestic companies.

US to probe India for selling steel pipe at unfairly low price

Last Updated: Tuesday, July 30, 2013, 09:37

The US Department of Commerce has opened a probe into allegations that India and eight other countries are illegally selling steel pipe at an unfairly low prices in America.

India's steel output growth rate lags world average in June

Last Updated: Monday, July 22, 2013, 20:08

World's average steel production grew by 1.9 percent, more than double the rate India clocked, raising possibility of spurt in imports to keep pace with demand in the country.

Govt sets target of 300 MT capacity for steel production

Last Updated: Tuesday, July 09, 2013, 20:59

Government on Tuesday set a target of trebling steel production capacity to 300 million tonne by 2025 amidst Prime Minister Manmohan Singh's assertion that boost to manufacturing sector is key to achieving 8-9 percent growth.

India May steel output growth rate slips below global average

Last Updated: Thursday, June 20, 2013, 19:40

Bucking the trend, India's steel production growth rate in May at just 1.5 percent slipped below the global average of 2.6 percent.

India, Brazil to increase cooperation in steel, mining sectors

Last Updated: Monday, February 11, 2013, 18:24

The decision was taken during a visit of Steel Minister Beni Prasad Verma-led Indian delegation to Brazil last week, in which a letter of intent (LoI) was signed to strengthen cooperation between the two nations in steel and mining sectors, an official statement said.

Foreign firms to buy stake in small steel firms, value-addition

Last Updated: Monday, February 04, 2013, 20:55

"Some prominent overseas steel makers are keen to buy Indian steel story that ensures steady growth for next 30 years. They are keen to buy stakes in steel firms here which have 2-3 million tonnes per annum capacity," Ernst & Young's National Leader (Mining and Metals) Anjani Agrawal said.

India's 5-year steel output 2nd highest in the world

Last Updated: Friday, January 25, 2013, 18:17

India's 33 percent growth in steel production in the last five years at was second only to China among the top-five producing nations.

India 4th largest in steel output, logs highest growth in 2012

Last Updated: Wednesday, January 23, 2013, 18:13

India's rank in the world order of steel production remained unchanged at fourth slot with an output of 76.7 million tonnes, despite logging the highest growth of 4.2 percent among major producing nations in 2012.

India's steel demand to grow by 6.7% till FY17: CARE Research

Last Updated: Wednesday, January 16, 2013, 18:29

Domestic steel demand is likely to grow by 6.7 percent annually till 2016-17, faster than the expected growth in Chinese demand during the same period, according to a report on steel industry by CARE Research.