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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

'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.

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.

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.

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.

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.

Steel production target likely to be met: Govt

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

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.

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.

JSW Steel production up 35% in Apr at 7.15 LT

JSW Steel's production in April this year grew by 35 percent to 7.15 lakh tonnes over the same month a year earlier.

Steel production up 6.8% at 64 MT during Apr-Feb: Verma

India's steel production stood at 63.894 million tonnes during the April-February period this fiscal, up 6.8 percent over the same period last year, Parliament was informed Monday.