India steel production

India to hit 170 million tonnes steel production level in 2019: Steel Minister

India to hit 170 million tonnes steel production level in 2019: Steel Minister

The minister has also assured stakeholders that there will not be any shortage of raw materials for steel-making.

Sep 17, 2017, 13:33 PM IST
'India among top 10 steel importers in 2015'

'India among top 10 steel importers in 2015'

 India, the world's third largest steel producer, was among the top 10 importers of the alloy last year, according to the latest data by the global industry body World Steel Association (WSA).

May 29, 2016, 11:54 AM IST

India retains 3rd slot in global steel production in Q1

India retained its position as the world's third-largest steel producer with a production of 14.6 million tonnes (MT) in the first three months of 2015.

Apr 21, 2015, 22:22 PM IST

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

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.

Dec 15, 2013, 19:54 PM IST

India may have to start importing iron ore soon: SteelMin

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.

Nov 24, 2013, 16:21 PM IST

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

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.

Jul 30, 2013, 09:37 AM IST

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

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.

Jul 22, 2013, 20:08 PM IST

Govt sets target of 300 MT capacity for steel production

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.

Jul 09, 2013, 20:59 PM IST

India, Brazil to increase cooperation in steel, mining sectors

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.

Feb 11, 2013, 18:24 PM IST

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

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.

Jan 25, 2013, 18:17 PM IST

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

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.

Jan 23, 2013, 18:13 PM IST

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

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.

Jan 16, 2013, 18:29 PM IST

'India attains highest growth rate in Apr-Nov steel output'

Steel Minister Beni Prasad Verma Thursday congratulated the domestic steel industry on being the number one in terms of growth rate in production among top ten producing countries.

Jan 10, 2013, 21:30 PM IST

India's steel production grows at fastest pace

India had produced 70.115 million tonne (MT) steel till November 2012, clocking 4.2 percent growth over the first 11 months of the last year, according to the World Steel Association (WSA) data.

Jan 06, 2013, 12:51 PM IST

India to become second largest steel producer soon: Steel Min

The Steel Minister said that the per capita steel consumption in the country has risen from 38 kg to 59 kg.

Nov 01, 2012, 22:23 PM IST

India loses $40 billion a year due to corrosion in infra

India loses more than USD 40 billion a year - about 4 percent of the size of the total economy - due to corrosion in infrastructure and industry segments, ONGC CMD Sudhir Vasudeva said Wednesday.

Oct 10, 2012, 19:58 PM IST

Steel imports up 40% to 3.35 MT during Apr-Aug

Country's steel imports went up by a hefty 40 percent during April-August period of current fiscal to 3.354 million tonnes on account of increased demand from sectors including automobiles and consumer durables.

Sep 24, 2012, 19:30 PM IST

Steel production target likely to be met: Govt

Government on Tuesday expressed confidence of meeting the steel production target for the current financial year.

Sep 18, 2012, 16:18 PM IST

WTO to take up India's complaint against US on steel

In April, India had moved the WTO against the US on the issue but the matter was not resolved at the bilateral consultation stage.

Aug 26, 2012, 10:37 AM IST

Fitch sees stable outlook for steel firms in H2

Despite a slowdown in demand, the outlook for domestic steel producers will remain stable in the second half of the current financial year, a report by rating agency Fitch said Thursday.

Aug 02, 2012, 23:56 PM IST